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River Falls, WI Multifamily Homes & Duplexes for Sale

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  • 221 Lewis St, River Falls, WI 54022
    221 Lewis St, River Falls, WI 54022
    221 Lewis St, River Falls, WI 54022
    /21

    $230,000

    • 4 Beds
    • 2 Baths
    • 1,700 Sq Ft

    221 Lewis St, River Falls, WI 54022

    Incredible opportunity to own a duplex as an investment, or live in one side and rent out the other side to offset expenses. Both units feature 2 bedrooms and one bath. Spacious kitchen, one side has been updated, the other one needs some updates. Each side also has spacious porches for storage or relaxing. Large corner lot and shared garage for tenants. Great proximity to all River Falls has to

    Agent Photo

    Stacy Vorwald

    Edina Realty, Inc.

    (534) 344-6824

    221 Lewis St, River Falls, WI 54022
  • 1677 Rodao Dr, River Falls, WI 54022
    1677 Rodao Dr, River Falls, WI 54022
    1677 Rodao Dr, River Falls, WI 54022
    /14

    $265,000

    • 2 Beds
    • 1.5 Baths
    • 1,272 Sq Ft

    1677 Rodao Dr, River Falls, WI 54022

    This charming twin home in River Falls offers the ideal layout for those looking to downsize or simplify their lifestyle, with the convenience of all living on one level. Situated on a desirable corner lot for added privacy, this well maintained, move-in ready home boasts a cozy living room with a fireplace-perfect for warming up on chilly winter nights. As Spring arrives, step out onto the

    Laurie Dick Real Broker, LLC

    1677 Rodao Dr, River Falls, WI 54022
  • 1794 Bennett St, River Falls, WI 54022
    1794 Bennett St, River Falls, WI 54022
    1794 Bennett St, River Falls, WI 54022
    /25

    $235,000

    • 3 Beds
    • 1.5 Baths
    • 1,300 Sq Ft

    1794 Bennett St, River Falls, WI 54022

    Welcome to the Stone Brook Condo community on the south edge of beautiful River Falls. Less than two miles gets you to the: River Falls Dog Park, Community Forest area, Spring Creek Park, grocery shopping, restaurants, UWRF sports facilities & gym, the Kinnickinnic River Trails, and so much more! This property boasts 3 bedrooms on the upper level along with a full bath. Flooring was updated

    Alena Behr

    1794 Bennett St, River Falls, WI 54022
  • 520 W Elm St, River Falls, WI 54022
    520 W Elm St, River Falls, WI 54022
    520 W Elm St, River Falls, WI 54022
    /21

    $275,000

    • 5 Beds
    • 3 Baths
    • 2,152 Sq Ft

    520 W Elm St, River Falls, WI 54022

    2 unit duplex in the center of River Falls. just blocks away from the Kinni and all downtown River Falls has to offer! Features a main floor unit with 3 beds/2 baths, upper unit with 2 beds/1 bath. Set up your showing today! Both Units are leased through 7/1/26. New roof in 2024, boiler is roughly 5 years old, water heater installed June 2025. New carpet and paint, backsplash in upper unit.

    Sarah Jenkins Property Executives Realty

    520 W Elm St, River Falls, WI 54022
  • 216 E Elm St, River Falls, WI 54022
    216 E Elm St, River Falls, WI 54022
    216 E Elm St, River Falls, WI 54022
    /15

    $359,900

    • 8 Beds
    • 2 Baths
    • 2,813 Sq Ft

    216 E Elm St, River Falls, WI 54022

    Welcome to "Big Red" – a prime investment opportunity in River Falls, WI! This spacious 8-bedroom, 2-bath home has been updated with new siding, roof, and porch, ensuring both curb appeal and durability. Designed for college students, the property offers ample living space perfect for shared accommodations and easy maintenance. The large, open layout provides plenty of common areas for studying,

    Laurie Larsen Property Executives Realty

    216 E Elm St, River Falls, WI 54022
  • 1211 Emily Cir, River Falls, WI 54022
    1211 Emily Cir, River Falls, WI 54022
    1211 Emily Cir, River Falls, WI 54022
    /37

    $325,000

    • 4 Beds
    • 2.5 Baths
    • 2,252 Sq Ft

    1211 Emily Cir, River Falls, WI 54022

    This stunning 4-bedroom, 3-bathroom twin home is nestled in a peaceful and sought-after neighborhood in River Falls, offering a perfect blend of comfort, convenience, and modern living. One of the standout features of this property is its excellent walkability—just a short stroll to nearby parks, as well as downtown's vibrant array of shops and restaurants. Ideal for those seeking easy access to

    Lori Bernard Century 21 Affiliated*

    1211 Emily Cir, River Falls, WI 54022
  • 1417 Kenai Place, River Falls, WI 54022
    1417 Kenai Place, River Falls, WI 54022
    1417 Kenai Place, River Falls, WI 54022
    /32

    $387,050 New Construction

    • 2 Beds
    • 2 Baths
    • 1,429 Sq Ft

    1417 Kenai Place, River Falls, WI 54022

    Welcome to the beautiful Thompson Heights neighborhood of River Falls. Conveniently located close to downtown River Falls with easy access to I-94 and the WI/MN border. Marvel at this Derrick Homes custom-built twin home offering our Sockeye slab on-grade floorplan with 2 bedrooms and 2 bathrooms. The main floor highlights an open and airy layout with luxury vinyl plank in the kitchen and living

    Jay Fletch Edina Realty, Inc.

    1417 Kenai Place, River Falls, WI 54022
  • 2927 Thompson Dr, River Falls, WI 54022
    2927 Thompson Dr, River Falls, WI 54022
    2927 Thompson Dr, River Falls, WI 54022
    /32

    $558,550 New Construction

    • 2 Beds
    • 2 Baths
    • 1,874 Sq Ft

    2927 Thompson Dr, River Falls, WI 54022

    Welcome to the beautiful Thompson Heights neighborhood of River Falls. Conveniently located close to downtown River Falls with easy access to I-94 and the WI/MN border. This gorgeous 2BD 2BA Derrick custom-built twin home offers our COHO lookout floor plan. The main living area showcases a beautiful gas fireplace with built-in cabinetry. Upgrades include Custom Derrick quality to-the-ceiling

    Jay Fletch Edina Realty, Inc.

    2927 Thompson Dr, River Falls, WI 54022
  • 1416 Anchor Ave, River Falls, WI 54022
    1416 Anchor Ave, River Falls, WI 54022
    1416 Anchor Ave, River Falls, WI 54022
    /39

    $376,300 New Construction

    • 2 Beds
    • 2 Baths
    • 1,429 Sq Ft

    1416 Anchor Ave, River Falls, WI 54022

    Welcome to the beautiful Thompson Heights neighborhood of River Falls. Conveniently located close to downtown River Falls with easy access to I-94 and the WI/MN border. Marvel at this Derrick Homes custom-built twin home offering our Sockeye slab on-grade floorplan with 2 bedrooms and 2 bathrooms. The main floor highlights an open and airy layout with luxury vinyl plank in the kitchen and living

    Jay Fletch Edina Realty, Inc.

    1416 Anchor Ave, River Falls, WI 54022
  • 1477 Anchor Ave, River Falls, WI 54022
    1477 Anchor Ave, River Falls, WI 54022
    1477 Anchor Ave, River Falls, WI 54022
    /47

    $433,350 Open Sat 12PM - 5PM

    • 2 Beds
    • 2 Baths
    • 1,448 Sq Ft

    1477 Anchor Ave, River Falls, WI 54022

    Welcome to the beautiful Thompson Heights neighborhood of River Falls. Conveniently located close to downtown River Falls with easy access to I-94 and the WI/MN border. Marvel at this Derrick Homes custom-built twin home offering our Sockeye walkout floorplan. The main floor highlights an open and airy floor plan with luxury vinyl plank in the kitchen and living room. Upgrades include Custom

    Jay Fletch Edina Realty, Inc.

    1477 Anchor Ave, River Falls, WI 54022
Wisconsin River Falls

Multi-Family Homes & Duplexes for Sale in River Falls, WI

Why Live in River Falls

River Falls, Wisconsin, named after the Kinnickinnic River, is a small city known for outdoor activities like trout fishing and hiking. With a population of 16,000, it runs its facilities entirely on renewable energy and hosts the University of Wisconsin - River Falls, the largest local employer. The housing market is competitive due to low inventory, with homes generally more affordable than those in neighboring Minnesota. The Kinnickinnic River offers trout fishing and paddling opportunities, while Sterling Ponds Park and Hoffman Park feature disc golf courses and a campground. Whitetail Ridge Mountain Bike Trail provides over 7 miles of trails for all skill levels. The historic Swinging Bridge at Glen Park offers a unique crossing experience. The River Falls Fighting Fish baseball team plays at the First National Bank of River Falls Field, and the Falls Theatre, established in 1927, continues to operate. River Falls Days, hosted by the Chamber of Commerce, features a parade, live performances, and local vendors each July. The River Falls School District is highly rated, particularly for its instrumental music program. River Falls is about 35 miles from the Twin Cities and 36 miles from the Minneapolis - St. Paul International Airport. Downtown River Falls includes local businesses like Lund’s Fly Shop and Fox Den Books, with dining options such as Selah Vie Bistro & Coffee Cottage and Swinging Bridge Brewing Company. Winters are cold and snowy, while summers are warm and humid, with mosquitos being a common nuisance.
Learn more about living in River Falls

Home Trends in River Falls, WI

On average, homes in River Falls, WI sell after 73 days on the market compared to the national average of 69 days. The median sale price for homes in River Falls, WI over the last 12 months is $417,500, down 5% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$417,500
Median Single Family Sale Price
$433,350
Median Townhouse Sale Price
$410,000
Average Price Per Sq Ft
$248
Number of Homes for Sale
11
Last 12 months Home Sales
159
Months of Supply
0.80
Median List Price
$433,350
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-5%
How to Buy a Home How to Finance a Home How to Sell a Home

In River Falls, there are currently 10 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $230,000 to $558,550, there's a range to accomodate every budget. As of July, 2025 the median home price in River Falls is $433,350, while the average sale price is $438,730, offering insights into the local housing market. On average, multi-family homes spend 73 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in River Falls, WI.

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.

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