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5 Beds
4 Baths
3,110 sqft

$244,900

1428 S 4TH AVE, Park Falls WI, 54552

Price per sqft$78.75
Property size3,110 sqft
Property typeCommercial

Overview

Active

Listed Aug 20, 2026

Updated Sep 11

Investment opportunity in the heart of the Northwoods! This well-maintained four-unit property offers an excellent opportunity to add an income-producing asset to your portfolio in a community surrounded by the natural beauty and year-round recreation of Wisconsin's Northwoods. The property features a desirable mix of (2) two bedroom, one-bath units, (1) one-bedroom, one-bath unit, and (1) studio, providing flexibility for a variety of tenants. Units 1, 2 and 4 have been fully remodeled, while Unit 3 has been well maintained and features updated windows. Each unit has separate electric, individual water heaters, and LP boiler heat. A coin-operated washer and dryer are offered in the basement for tenants, providing additional income to the owner. The building is serviced by a private well and mound septic system installed in 2004. Located just south of Park Falls on State Highway 13, the property is conveniently situated minutes from the amenities of Park Falls while providing tenants a country setting in the middle of everything that makes the Northwoods special. Park Falls is surrounded by lakes, forests and year-round recreation, with easy access to the Flambeau River, Chequamegon-Nicolet National Forest, the Tuscobia State Trail and an extensive network of ATV and snowmobile trails. Whether you're looking to expand your rental portfolio, add a multifamily property in a recreational Northwoods community, or looking for your own residence with income, this investment property offers a solid combination of location, updates, functional unit layouts and long-term potential.

Additional information

MLS® ID
219155

Interior Features

Bedrooms
5
Bathrooms
4
Heating
Yes
Basement
No

Exterior Features

Lot Size
1 Acre

Other Property Details

Taxes
$2,015
Tax Frequency
Annually
Municipality
PR Park Falls (City)

Listed by CALA NEU with NORTHWOODS REALTY
Listing Contact: (715)820-0636 
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Data last updated 9/11/2026

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