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Updated Duplex with Separate Utilities
For Sale
$449,900

119-121 RIVER STREET, Wausau, WI 54401

MULTI_FAMILY - Wausau, WI

Property SizeContact for details
Lot Size0.17 Acres
Days on Market111

Property Features for 119-121 RIVER STREET

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Multi-Family
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Interior features Ceiling Fan(s), Smoke Detector, Garage Door Opener, Primary Bath, Walk-In Closet(s), Vinyl Floors
Appliances Refrigerator, Range, Dishwasher, Washer, Dryer
Directions W Thomas-Emter-River St
Subdivision Wausau
Standard status Active
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 2000
Floors in Building 2
Number of units 2
Building materials Vinyl
Roof type Shingle
Listing Agency: COLDWELL BANKER ACTION · Coldwell Banker Real Estate
Listed By: AUSTIN SOLOMON · License #8143394
Added: Apr 24 Changed: Jul 14 Last Checked: Aug 12 at 8:06AM
MLS# 22601641

Copyright © 2026 Central Wisconsin MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This updated duplex includes two separate units, with each side offering three bedrooms, two full bathrooms, and main-level laundry. Both units include an attached two-car garage and have been extensively updated with modern finishes. The open-concept main level features luxury vinyl plank flooring, fresh paint, and updated lighting, along with renovated kitchens equipped with stainless steel appliances, granite countertops, tile backsplashes, undermount sinks, and ample cabinet space. Each unit also includes forced-air heating and central air conditioning, plus a US Water water softener. The main level provides a flexible bedroom and direct access to an updated full bath with dual vanities and a tiled shower surround.

Upstairs, each unit offers two additional bedrooms, including one with a walk-in closet, as well as a second fully updated bathroom with a dual-sink vanity, tiled shower surround, and linen closet. The property is built on a slab with no basement, supporting a low-maintenance setup.

Unit 119 is leased, while Unit 121 is vacant and move-in ready, offering options for owner-occupancy or rental. Each unit has separate utilities, which can simplify management for landlords and provide convenience for tenants.

Key Highlights

  • Duplex built in 2000 with two 3‑bedroom units, each offering 2 full bathrooms and 1,672 SF of living space
  • Unit 119 is leased for $1,895/month; Unit 121 is vacant and move‑in ready
  • Each unit has central air and forced‑air heating, plus separate utilities for easier management

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store Pharmacy Electrical Service (Bike/Boat/Book/etc) Store Garden Center Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

349
Businesses Nearby

Demographics for 54401, WI

31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Updated duplex features two 3-bedroom units with main-level laundry, central air, and separate utilities.
Where is this duplex located?
The property is located at 119-121 RIVER STREET Wausau, WI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Duplex built in 2000 with two 3‑bedroom units, each offering 2 full bathrooms and 1,672 SF of living space; Unit 119 is leased for $1,895/month; Unit 121 is vacant and move‑in ready; Each unit has central air and forced‑air heating, plus separate utilities for easier management
More about this property
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