5 beds2,486 sqft$123/sqft
209 E Park St, Rhinelander, WI 54501
Est: $1,716/moGet pre-approved

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,...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.
LISTING UPDATED: 07/23/2026 01:18 AM

  1. Listed by LUKE DURKEE • TWENTY-TWO RE LLC
    P: (715) 493-3179 C: (715) 493-3179 Luke@DurkeeRE.com

Property Details for 209 East Park Street

Status
MLS #
216869
Days on Market
30
Taxes
$1,993 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Quadruplex
Year Built
-
Lot Size
0.22 AC / 9,714 SF
Architectural Style
Two Story
Subdivision Name
1st Add
Has Waterfront
No

Location

Listing Courtesy of TWENTY-TWO RE LLC
Add your commute

Building Information for 209 East Park Street

Stories2Residences-Year Built-Building Size-Lot Size0.22 AC / 9,714 SF

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$1,716 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,550

Property Taxes

$166

HOA Dues

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Property Information for 209 East Park Street

Summary
Location and General Information
  • Directions: From HWY 8 to Kemp St to Left on Sutliff Ave to Right on Davenport St to Right on Courtney St to Right on Pelham St to Left on S Keenan St to veering Left to E Keenan St property on Left. (Home on corner next to yield sign).
  • Latitude: 45.632941
  • Longitude: -89.411669
  • Township: ON Rhinelander City
Taxes and HOA
  • Parcel Number: 27601-0316-0000
  • Tax Annual Amount: $1,993.00
  • Tax Year: 2025
Parking
  • Garage: No
  • Parking Features: No Garage
Property
Lot Information
  • Lot Size Square Feet: 9714.0
  • Public Survey Range: 09
  • Public Survey Section: 06
  • Public Survey Township: 36
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
Property and Assessments
  • Above Grade Finished Area: 2486.0
  • Building Area Total: 2486.0
  • Living Area: 2486.0
  • Property Sub Type: Quadruplex
  • Property Type: Residential
Building Features
  • Construction Materials: Frame
  • Foundation Details: Block, Stone
  • Levels: Two
  • Roof: Composition, Shingle
  • Stories: 2
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Electric Water Heater, Gas Water Heater
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Has Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Water Heater: Electric
Room Information
Room 1
  • Dimensions: 10x17
  • Level: Second
  • Type: Bedroom
Room 2
  • Level: First
  • Type: Bathroom
Room 3
  • Level: Second
  • Type: Bathroom
Room 4
  • Dimensions: 10x7
  • Level: First
  • Type: Kitchen
Room 5
  • Dimensions: 10x17
  • Level: Second
  • Type: Kitchen
Room 6
  • Dimensions: 17x15
  • Level: First
  • Type: Kitchen
Room 7
  • Level: Second
  • Type: Bathroom
Room 8
  • Dimensions: 10x10
  • Level: First
  • Type: Bedroom
Room 9
  • Dimensions: 10x8
  • Level: Second
  • Type: Bedroom
Room 10
  • Dimensions: 10x15
  • Level: Second
  • Type: Kitchen
Room 11
  • Dimensions: 15x15
  • Level: First
  • Type: Living Room
Room 12
  • Dimensions: 15x12
  • Level: First
  • Type: Bedroom

Property History for 209 East Park Street

DateEvent & SourcePriceAppreciation
May 5, 2026

Listed (Active)

Greater Northwoods MLS #216869

$305,000
Sep 15, 2022

Sold (Public Record)

Public Record #1497997405

$147,000

+17.1% / yr

Sep 14, 2022

Sold

Greater Northwoods MLS #198230

$147,000
DateEvent & SourcePrice
05/05/2026

Listed (Active)

Greater Northwoods MLS #216869

$305,000
09/15/2022

Sold (Public Record)

Public Record #1497997405

$147,000

+17.1% / yr

09/14/2022

Sold

Greater Northwoods MLS #198230

$147,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 209 East Park Street

Taxable ValueLand$8,800Additions$71,700Total$80,500
Tax Record2025$2,216 ($185 / month)
Home Facts
Lot Size9,714 SqFtStyleMiscellaneous CommercialCountyONEIDAAPNRH 316

Schools near 209 East Park Street

This home is within Rhinelander School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Crescent Elementary School
PublicPK to 5

James Williams Middle School
Public6 to 8

Rhinelander High School
Public9 to 12

Northwoods Community Secondary School
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

209 East Park Street is a multi-family home for sale in Rhinelander, WI 54501. This property was listed for sale on May 6, 2026 by TWENTY-TWO RE LLC, it's currently listed at $305,000. It has been on the market for a total of 30 days and was last sold on September 15, 2022. This listing's school district is Rhinelander School District. Nearby schools include Crescent Elementary School, James Williams Middle School and Rhinelander High School. 209 East Park Street is a 5-bed, 4-bath, 2,486 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of TWENTY-TWO RE LLC

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