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Remodeled Quadplex
New
For Sale
$244,900

1428 4TH AVE S, Park Falls, WI 54728

Residential, Park Falls, WI

Property SizeContact for details
Lot Size1.00 Acre
Days on Market3

Property Features for 1428 4TH AVE S

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 3, Basement, Kitchen, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2
Parking features Garage, Driveway
Exterior features GravelDriveway
Appliances Dryer, ElectricOven, ElectricRange, ElectricWaterHeater, Refrigerator, Washer
Lot features Rural Lot, Wooded
Elementary school PR Chequamegon
Directions Heading South of Park Falls, Take the 2nd Right on Hwy 13.
Standard status Active
APN 50-271-2-40-01-25-5 05-006-50000
Lot size 1.00 Acre

Taxes and HOA fees

Tax Year 2025
Tax Description 25-40-1W PRT OF GOVT LOT 6 PCL W OF HWY 13 PCL DESC IN 403399
Tax Annual Amount 2015
Legal Description 25-40-1W PRT OF GOVT LOT 6 PCL W OF HWY 13 PCL DESC IN 403399

Utilities

Sewer type Mound Septic
Heating system Hot Water(Heating), Propane (Heating)
Water source Well

Amenities

coin-operated washer/dryer

Building Details

Floors in Building 1
Flooring type Carpet, Vinyl
Building materials Cedar, Frame
Roof type Metal, Shingle, Composition
Architectural style Other
Listing Agency: NORTHWOODS REALTY
Listed By: CALA NEU · License #58726 - 90
Added: Aug 20 Changed: Aug 21 Last Checked: Aug 22 at 6:06PM
MLS# 219185

Copyright © 2026 Greater Northwoods 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 four-unit multifamily property includes two two-bedroom, one-bath residences, one one-bedroom, one-bath residence, and one studio. Units 1, 2, and 4 have been remodeled, while Unit 3 has updated windows and has been maintained. Separate electric meters, individual water heaters, and LP boiler heat serve the units. A basement laundry area includes coin-operated equipment, and the property also has a garage and gravel driveway.

The property sits on 1 acre near Park Falls, Wisconsin, along State Highway 13. Water is supplied by a private well, and wastewater is handled by a mound septic system installed in 2004. The surrounding Northwoods setting provides access to nearby lakes, forests, the Flambeau River, Chequamegon-Nicolet National Forest, Tuscobia State Trail, and area ATV and snowmobile trails.

Key Highlights

  • Four‑unit property with two 2‑bedroom units, one 1‑bedroom unit, and one studio
  • Units 1, 2 and 4 have been remodeled
  • Separate electric service and individual water heaters for each unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pharmacy Big Box & Wholesale Store Real Estate Agency Electrical Service Auto Parts Store

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

4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

24
Businesses Nearby

Demographics for 54728, WI

6,166
Population
3,491
Households
1.8
Avg Household Size
50
Median Age
22%
College-Educated
96%
High-School Grad
125.6 sq mi
ZIP Area
49
Density / Sq Mi
$71,538
Median Household Income
$40,310
Median Earnings
$897
Median Rent
$214,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Four-unit rental property with varied floor plans, separate electric service, and tenant laundry facilities.
Where is this quadplex located?
The property is located at 1428 4TH AVE S Park Falls, WI.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Four‑unit property with two 2‑bedroom units, one 1‑bedroom unit, and one studio; Units 1, 2 and 4 have been remodeled; Separate electric service and individual water heaters for each unit
More about this property
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