Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    42785 Us Highway 63, Unit 1-4 Cable, WI 54821

    View on Map
    Sponsored
    For Sale
    $750,000

    MULTI_FAMILY - Cable, WI

    Property size:
    3,990 SF
    Lot size:
    1.27 Acres
    Days on Market:
    18
    Last Refresh:
    Mar 10 at 9:06 am

    Property Features for 42785 Us Highway 63

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    9636
    Parking features
    Driveway
    Patio and Porch features
    Porch
    Appliances
    Dryer, Dishwasher, Oven, Range, Refrigerator, Washer
    Size
    3,990 SF
    Lot size
    1.27 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1970
    Number of units
    4
    Building materials
    WoodSiding

    We can help!

    Listing Contact
    Scott McKinney
    Scott McKinney

    McKinney Realty, LLC (715) 798-3445

    Listing agent Scott McKinney (715) 580-0093 License #46244-94

    Listing date Feb 20, 2026

    MLS# 1596937 Listing URL

    Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Four-Unit Multi-Family Property

    Located just south of Cable, a popular area for outdoor recreation and convenient to employment opportunities in Hayward, this well-maintained four-unit multi-family property features a solid rental history. The property, situated on a 1.27-acre lot, contains 3,990 square feet of space. It includes two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Three units were newly completed in 2023, and the fourth was updated at the same time. Modern finishes, updated systems, and strong tenant appeal characterize the property. This property represents an excellent investment opportunity with reliable income and minimal maintenance needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Gym & Fitness Center Nail Salon Kitchen & Bath Showroom Storage Facility Bar & Pub Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cable
    County
    Bayfield
    State
    Wisconsin
    Longitude
    -91.308072
    Latitude
    46.196692

    Nearby Similar for Sale

    • $750,000
      3,080 SF

      Lakefront Bar and Restaurant For Sale

      Established bar and restaurant on Lake Namakagon with high visibility.
      44400 County Highway D, Cable, WI 54821
      View Details
    • $1,100,000
      25,650 SF

      Established Grocery and Hardware Store

      Turnkey grocery and hardware store in Cable, Wisconsin.
      13340 County Highway M, Cable, WI 54821
      View Details
    • $199,000
      913 SF

      Charming Bungalow in Cable, WI

      In-town bungalow near amenities, suitable for commercial or residential use.
      43425 Kavanaugh Rd, Cable, WI 54821
      View Details
    • Contact for pricing

      Commercial Property on US Highway

      Commercial property with highway frontage, expansion space, and high visibility.
      13395 Spruce St, Cable, WI 54821
      View Details
    • $750,000

      Lake Namakagon Bar and Restaurant

      Bar and restaurant with lake frontage and highway access.
      44400 County Highway D, Cable, WI 54821
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit multi-family property near Cable, WI with solid rental history.
    Where is this quadplex located?
    The property is located at 42785 Us Highway 63, Unit 1-4 Cable, WI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Newly completed/updated units: Three units newly completed and one updated in 2023, ensuring modern finishes.; - Solid rental history: Proven track record of reliable income generation.; - Low maintenance: Updated systems and modern finishes minimize maintenance needs.
    (715) 580-0093
    Request Owner's contact information
    42785 Us Highway 63, Unit 1-4 Cable, WI 54821
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    42785 Us Highway 63, Unit 1-4
    Cable, WI 54821
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    42785 Us Highway 63, Unit 1-4 Cable, WI 54821
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Scott McKinney
    Scott McKinney
    Real Estate License ID: 46244-94
    (715) 580-0093 (715) 798-3445
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!