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209 Park St E

Rhinelander, WI 54501
  • $305,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 216869
UPDATED: 93 min ago
$305,000
  • 5
    BEDS
  • 0.22
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,486
    SQFT
  • $123
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

Turnkey multifamily investment delivering reliable income with refined upside potential. This well maintained four-unit property offers immediate cash flow and long term value for the discerning investor. Units 1 and 3 are positioned on the main level, while units 2 and 4 are located above, creating a functional and balanced layout. All units are currently leased, ensuring a stable revenue stream from day one. Most floor plans feature efficient open-concept living, seamlessly blending kitchen, dining, and living spaces for modern appeal. Utilities including: gas, electric, water, and garbage are presently owner paid, as units are not separately metered. Gross monthly rent roll: $2,140.00. Rents are currently in process of a positive price adjustment. A polished and dependable addition to any investment portfolio—schedule your private showing today.

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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: 2026-06-12T00:07:26.6.
www.dreamnorthre.com/homes/176157145
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209 Park St E Rhinelander, WI 54501

  • Price: $305,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 93 min ago
  • MLS #: 216869
5
Beds
4
Baths
0
½ Baths
0.22
Acres
2,486
SQFT
$123
$/SQFT
Neighborhood:
1st Add
County:
Oneida
Area:
Rhinelander
Property Description
Turnkey multifamily investment delivering reliable income with refined upside potential. This well maintained four-unit property offers immediate cash flow and long term value for the discerning investor. Units 1 and 3 are positioned on the main level, while units 2 and 4 are located above, creating a functional and balanced layout. All units are currently leased, ensuring a stable revenue stream from day one. Most floor plans feature efficient open-concept living, seamlessly blending kitchen, dining, and living spaces for modern appeal. Utilities including: gas, electric, water, and garbage are presently owner paid, as units are not separately metered. Gross monthly rent roll: $2,140.00. Rents are currently in process of a positive price adjustment. A polished and dependable addition to any investment portfolio—schedule your private showing today.
Exterior Features

Architectural Style Two Story Construction Materials Frame Foundation Details Block Stone Garage YN No Levels Two Parking Features No Garage Roof Composition Shingle

Interior Features

Above Grade Finished Area 2486 Appliances Electric Water Heater Gas Water Heater Below Grade Finished Area 0 Fireplace Features None Fireplace YN No Fireplaces Total 0 Heating Forced Air Natural Gas Heating YN Yes

Property Features

Frontage Length 0 Ownership Fee Simple Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Public Survey Range 09 Public Survey Section 06 Public Survey Township 36 Road Frontage Type City Street Sewer Public Sewer Stories 2 Tax Annual Amount 1993 Tax Year 2025 Township ON Rhinelander City Water Source Public Waterfront YN No

Listing information © 2026 Northwoods Association of REALTORS® & Greater Northwoods MLS.
Listing provided courtesy of Luke Durkee of TWENTY-TWO RE LLC: 715-493-3179.



© 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: 2026-06-12T00:07:26.6.
 
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Dream North Real Estate, eXp Realty, LLC
7750 US Hwy 51, Suite C
Minocqua WI, 54548