$320,000
SOLD AUG 14, 2025

225 Crescent St Rhinelander, WI 54501

8 Beds
4 Baths
4,056 Sq Ft
0.44 Acres

Recently Sold

$79 Per Sq Ft

7% Below List Price

67 Days on Market

About This Home

As of August 2025

This well-located fourplex features four spacious 2-bedroom, 1-bathroom units with a solid rental history and strong demand in the area.The property includes a detached 4-car garage, offering added convenience for tenants and increasing overall appeal. Each unit has separate utilities, making management efficient and straightforward. Just minutes from downtown, schools, and local amenities, this property is ideal for investors seeking dependable cash flow with long-term potential. Don’t miss your chance to own a fully occupied income property in one of Rhinelander’s established neighborhoods—schedule your showing today!

Last Agent to Sell the Property

Rae Zelazoski

FIRST WEBER - RHINELANDER License #85381 - 94 Listed on: 06/05/2025

FIRST WEBER - RHINELANDER

Last Buyer's Agent

NON NON MEMBER

NON-MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,778

Year Built

  • Built in 1980

Lot Details

  • 0.44 Acre Lot

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Heating Available
  • Well

Community Details

  • Nelsons Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number RH-3539-A

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,778

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Ownership: Fee Simple,Sole Prop
  • Subdivision Name: Nelsons Sub
  • Directions: From Phillip St turn Left on to Crescent Four plex on right side
  • Above Grade Finished Sq Ft: 2028.0
  • Architectural Style: Other
  • Year Built: 1980
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Below Grade Sq Ft: 2028.0
  • Fireplace Features: None
  • Fireplace: No

Exterior Features

  • Waterfront: No
  • Construction Type: Frame
  • Foundation Details: Block
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Four Car Garage, Four or more Spaces
  • Total Parking Spaces: 4.0

Utilities

  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 19254.0
  • Parcel #: RH-3539-A

Tax Info

  • Tax Annual Amount: 3778.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2025
Closed on
Aug 14, 2025
Sold by
Crescent Street West Llc and Phillip Street West Llc
Bought by
Tomahawk Apartment Rentals Llc
Seller's Agent
Rae Zelazoski
FIRST WEBER - RHINELANDER
Buyer's Agent
NON NON MEMBER
NON-MEMBER
List Price
$345,000
Sold Price
$320,000
Premium/Discount to List
-$25,000
-7.25%
Views
13

Purchase Details

Closed on
Nov 20, 2009
Sold by
Hoerchler Michael
Bought by
Crescent Street West Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.05%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $562,500 Northwoods Title
Warranty Deed $160,000 Northern Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $136,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 Sold $320,000 -7.2% $79 / Sq Ft
08/11/2025 08/11/25 Pending -- -- --
06/05/2025 06/05/25 For Sale $345,000 -- $85 / Sq Ft
Source: Greater Northwoods MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,187 $171,100 $30,800 $140,300
2023 $4,036 $171,100 $30,800 $140,300
2022 $3,389 $171,100 $30,800 $140,300
2021 $3,996 $171,100 $30,800 $140,300
2020 $3,518 $171,100 $30,800 $140,300
2019 $3,657 $171,100 $30,800 $140,300
2018 $3,625 $171,100 $30,800 $140,300
2017 $3,647 $171,100 $30,800 $140,300
2016 $3,831 $171,100 $30,800 $140,300
2015 $3,700 $171,100 $30,800 $140,300
2014 $3,700 $171,100 $30,800 $140,300
2011 $3,597 $178,700 $38,400 $140,300
Source: Public Records

Agents Affiliated with this Home

  • Rae Zelazoski

    Seller's Agent in 2025

    Rae Zelazoski

    FIRST WEBER - RHINELANDER

    (715) 490-1163

    91 Total Sales

    Rae Zelazoski
    Section Image

  • N

    Buyer's Agent in 2025

    NON NON MEMBER

    NON-MEMBER

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Map

Source: Greater Northwoods MLS

MLS Number: 212610

Greater Northwoods MLS

APN: 27601-3539-000A

Wisconsin Oneida County Rhinelander 54501

225 Crescent St, Rhinelander, WI

This home is located at 225 Crescent St, Rhinelander, WI 54501 and is currently priced at $320,000, approximately $78 per square foot. This property was built in 1980. 225 Crescent St is a home located in Oneida County with nearby schools including Pelican Elementary School, James Williams Middle School, and Rhinelander High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Northwoods MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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