324 W Bayfield St Washburn, WI 54891
Estimated payment $2,295/month
Highlights
- No HOA
- Ceiling Fan
- High Speed Internet
- Eat-In Kitchen
- Elevated Lot
About This Home
Prime Downtown Washburn Investment Opportunity! Rare chance to own a fully occupied income-producing triplex with main street store frontage in the heart of Washburn's thriving business district! This versatile property features a spacious main-level commercial storefront with live-work zoning potential, plus two fully leased upper apartments generating reliable rental income—one with coveted Lake Superior views. The well-maintained building boasts an attractive brick facade, metal roof, newerer boiler, and practical amenities throughout including full walk-out basement for storage. Perfect for investors seeking turnkey cash flow or entrepreneurs wanting downtown presence with owner-occupancy flexibility. Strong tenant history, excellent location steps from waterfront and downtown amenities, and multiple income streams make this a standout opportunity in Washburn's competitive market!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,801
Year Built
- Built in 1920
Lot Details
- 10,454 Sq Ft Lot
- Property fronts a highway
- Elevated Lot
Parking
- No Garage
Home Design
- Triplex
- Concrete Foundation
- Wood Frame Construction
- Metal Roof
- Vinyl Siding
Interior Spaces
- 4,079 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Eat-In Kitchen
- Range
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Stone Basement
Outdoor Features
- Rain Gutters
Utilities
- Boiler Heating System
- Heating System Uses Natural Gas
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 33122
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,871 | $273,300 | $22,500 | $250,800 |
| 2023 | $4,384 | $273,300 | $22,500 | $250,800 |
| 2022 | $1,736 | $77,500 | $22,500 | $55,000 |
| 2021 | $1,688 | $77,500 | $22,500 | $55,000 |
| 2020 | $1,552 | $72,500 | $22,500 | $50,000 |
| 2019 | $1,608 | $71,500 | $22,500 | $49,000 |
| 2018 | $1,637 | $71,500 | $22,500 | $49,000 |
| 2017 | $1,553 | $71,500 | $22,500 | $49,000 |
| 2016 | $1,578 | $71,500 | $22,500 | $49,000 |
| 2015 | $1,521 | $71,500 | $22,500 | $49,000 |
| 2013 | $1,550 | $71,500 | $22,500 | $49,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/21/2025 10/21/25 | For Sale | $359,900 | -- | $88 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $285,000 | Choice Title Llc | |
| Warranty Deed | $150,000 | -- | |
| Grant Deed | -- | -- |
Source: Lake Superior Area REALTORS®
MLS Number: 6123049
APN: 04-291-2-48-04-05-2-00-312-20500
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