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1160 3RD AVE S

Park Falls, WI 54552
  • $1,225,000
  • STATUS: Closed
  • ON SITE: 280 Days
  • MLS #: 212382
Sold - 09/11/2025
$1,225,000
SOLD - 09/11/2025
  • 42
    BEDS
  • 1.37
    ACRES
  • 24
    BATHS
  • 0
    1/2 BATHS
  • 16,000
    SQFT
  • $0
    $/SQFT
Type:
Commercial
Built:
1980
County:
Area:

School Ratings & Info

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 unitoffering 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 servicesand just minutes from downtownthis 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!!

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© 2026 Northwoods Association of REALTORS® & Greater Northwoods MLS. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Dream North Real Estate, eXp Realty, LLC. Data last updated: 2026-03-11T15:07:25.307.
www.dreamnorthre.com/homes/164507083
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1160 3RD AVE S Park Falls, WI 54552

  • Price: $1,399,000
  • Status: Closed
  • On Site: 280 Days
  • Updated: 60 min ago
  • MLS #: 212382
42
Beds
24
Baths
0
½ Baths
1.37
Acres
16,000
SQFT
$0
$/SQFT
1980
Built
County:
Price
Area:
Park Falls
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 unitoffering 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 servicesand just minutes from downtownthis 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!!
Exterior Features

Construction Materials Frame Vinyl Siding Garage YN Yes Parking Features Garage Driveway Roof Composition Shingle

Interior Features

Electric Circuit Breakers Flooring Carpet Vinyl Heating Baseboard Electric Wood Heating YN Yes

Property Features

Business Name Southgate Apartments Gross Income 212400 Inclusions Real Estate Only Fixtures Lease Term 12 Months Ownership Type Fee Simple Property Sub Type Multi Family Property Sub Type Additional Multi Family Investment Public Survey Range 01 W Public Survey Section 26 Public Survey Township 40 Road Frontage Type City Street Sewer Public Sewer Tax Annual Amount 20159 Tax Year 2024 Tenant Pays Other Township PR Park Falls City Water Source Public Waterfront YN No

Listing information © 2026 Northwoods Association of REALTORS® & Greater Northwoods MLS.
Listing provided courtesy of Cala Neu of NORTHWOODS REALTY: (715)339-4663.



© 2026 Northwoods Association of REALTORS® & Greater Northwoods MLS. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Dream North Real Estate, eXp Realty, LLC. Data last updated: 2026-03-11T15:07:25.307.
 
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Dream North Real Estate, eXp Realty, LLC
7750 US Hwy 51, Suite C
Minocqua WI, 54548