$185,000
SOLD MAY 23, 2025
5 Beds
2 Baths
-- Sq Ft
6,970 Sq Ft Lot

Recently Sold

5% Below List Price

8 Days on Market

About This Home

As of May 2025

Great investment opportunity in the city of Wausau! This well-maintained duplex features two spacious units, each offering 1,255 sq ft of living space. The lower unit includes 2 bedrooms and 1 bathroom, currently rented at $765/month, while the upper unit offers 3 bedrooms and 1 bathroom, bringing in $995/month. Both units have separate entrances and functional layouts, providing privacy and comfort for tenants. Recent updates include new electric panels and meter bases, newly painted exterior, newer carpet, and new railings, adding value and long-term peace of mind. Whether you're looking to expand your rental portfolio or live in one unit and rent out the other, this property offers solid income potential in a convenient Wausau location.

Last Agent to Sell the Property

RISE REAL ESTATE TEAM

JONES REAL ESTATE GROUP Brokerage Phone: 715-680-0019 License #59470 Listed on: 04/10/2025

Co-Listed By

Dakota Karlen

JONES REAL ESTATE GROUP Brokerage Phone: 715-680-0019 License #59470 - 90

Last Buyer's Agent

RISE REAL ESTATE TEAM

JONES REAL ESTATE GROUP Brokerage Phone: 715-680-0019 License #59470 Listed on: 04/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,383

Year Built

  • Built in 1915

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • Common or Shared Parking
  • Outside Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Porch
  • Lot Dimensions are 60x118

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 291-2907-263-0567

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,383

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Lvt Date: 04/10/2025
  • Municipality: Wausau, City of
  • Style: 2 Story
  • Type: Duplex
  • Year Built: 1915
  • Construction: Wood
  • Geo Subdivision: WI
  • Below Grade Sq Ft: 1234
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Full

Exterior Features

  • Roof: Shingle
  • Patio Deck: Porch

Garage/Parking

  • Parking: Off Street, Outdoor Space, Shared

Utilities

  • Fuel Type: Natural Gas
  • Heat Type: Forced Air
  • Sewer Water: Pb Sewer/Pb Water
  • Electricity: Separate Meter
  • Gas: Separate Meter

Lot Info

  • Lot Size: 60x118
  • Zoning: Residential
  • Geo Address Line: 316 S 7th Ave
  • Geo Primary City: Wausau
  • Geo Quality: 0.95
  • Geo Zoom Level: 16

Tax Info

  • Tax Amount: $3,383.30
  • Assessor Parcel Number: 291-2907-263-0567
  • Tax Year: 2024

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2025
Closed on
May 28, 2025
Sold by
Brown Cassandra
Bought by
Irwin Investments Llc
Seller's Agent
RISE REAL ESTATE TEAM
JONES REAL ESTATE GROUP
Buyer's Agent
RISE REAL ESTATE TEAM
JONES REAL ESTATE GROUP
List Price
$194,900
Sold Price
$185,000
Premium/Discount to List
-$9,900
-5.08%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.71%
Original Mortgage
$145,840
Outstanding Balance
$145,840
Interest Rate
6.83%
Mortgage Type
Credit Line Revolving
Estimated Equity
$49,039

Purchase Details

Listed on
Apr 1, 2023
Closed on
May 12, 2023
Sold by
Atlas Apartments Llc A Wisconsin Limit
Bought by
Brown Cassandra
Seller's Agent
Larkin Real Estate Group
FIRST WEBER
Buyer's Agent
Dakota Karlen
JONES REAL ESTATE GROUP
List Price
$169,900
Sold Price
$170,000
Premium/Discount to List
$100
0.06%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.25%

Purchase Details

Closed on
Nov 17, 2021
Sold by
Gbs Ventures Llc
Bought by
Atlas Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
2.99%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2014
Sold by
316 Properties Llc
Bought by
Gbs Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,365
Interest Rate
4.28%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 6, 2011
Sold by
Digman Rodney J and Digman George H
Bought by
316 Properties Llc
Source: Public Records

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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 $185,000 Avenue Title Services
Warranty Deed $170,000 Brooke Billmeyer
Warranty Deed $395,000 Knight Barry Title
Warranty Deed $70,000 Ratco
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $145,840 Credit Line Revolving
Previous Owner $395,000 Commercial
Previous Owner $238,365 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Sold $185,000 -5.1% --
04/10/2025 04/10/25 For Sale $194,900 +14.6% --
05/12/2023 05/12/23 Sold $170,000 +0.1% --
04/01/2023 04/01/23 For Sale $169,900 -- --
Source: Central Wisconsin Multiple Listing Service

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 $3,383 $178,400 $17,100 $161,300
2023 $2,499 $100,600 $16,500 $84,100
2022 $2,499 $100,600 $16,500 $84,100
2021 $2,418 $100,600 $16,500 $84,100
2020 $2,455 $100,600 $16,500 $84,100
2019 $2,494 $95,400 $10,800 $84,600
2018 $2,458 $95,400 $10,800 $84,600
2017 $2,371 $95,400 $10,800 $84,600
2016 $2,306 $95,400 $10,800 $84,600
2015 $2,460 $99,100 $10,800 $88,300
2014 $2,581 $109,000 $16,500 $92,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Wisconsin Multiple Listing Service

MLS Number: 22501320

Central Wisconsin Multiple Listing Service

APN: 291-2907-263-0567