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John And Diane Misina

Eliason Realty of the North LLC

john@eliasonrealty.com +1(715) 891-0045

$ 1,399,000

Est. payment -/mo

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1160 3RD AVE S Park Falls, WI 54552

42 Beds

24 Baths

16,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,000 sqft

Price per Sqft $87

MLS Listing ID 212382

Bedrooms 42

Full Baths 24

HOA Y/N No

Year Built 1980

Annual Tax Amount $20,159

Tax Year 2024

Lot Size 1.371 Acres

Acres 1.3710055

Property Sub-Type Multi Family

Property Description

This exceptional investment opportunity awaits with this well-maintained 23-unit apartment complex, featuring two residential buildings and two 12-stall garages on 1.37 acres. The unit mix includes sixteen (16) two-bedroom 1-bath units, six (6) one-bedroom 1-bath units, and one (1) spacious four-bedroom unit—offering variety and flexibility for tenants. Each unit enjoys back patio areas, while the garages provide parking or storage. Tenants contribute to utility costs, helping reduce operational expenses for the owner. Ideally located within walking distance of local shops and essential services—and just minutes from downtown—this property delivers both small-town charm and consistent rental income. Whether you're expanding your portfolio or entering the multifamily market, this income-producing asset in a growing community is one you won't want to miss. Call today for more information!!

Location

State WI

County Price

Direction In Park Falls from HWY 13, east onto 10th Street S, north onto 3rd Ave S. Watch for the sign.

Interior

Heating Baseboard, Electric, Wood

Flooring Carpet, Vinyl

Inclusions Real Estate Only, Fixtures

Fireplace No

Exterior

Parking Features Garage, Driveway

Water Access Desc Public

Roof Type Composition,Shingle

Road Frontage City Street

Garage Yes

Building

Story 2

Sewer Public Sewer

Water Public

Others

Tax ID 271-113801000

Listed by NORTHWOODS REALTY

John And Diane Misina

Owners/Brokers

+1(715) 891-0045

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