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

    923 Lemma Creek Rd Woodruff, WI 54568

    Sponsored
    For Sale
    $325,000

    MULTI_FAMILY - Other - Woodruff, WI

    Property size:
    1,900 SF
    Lot size:
    0.31 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 26 at 10:06 am

    Property Features for 923 Lemma Creek Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Laundry Room, Dining Room, Living Room, Bathroom 1, Bathroom 2, Basement, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3
    Bedrooms
    4
    Bathrooms
    2
    APN
    04001-0691-0007691
    Parking features
    Driveway, Garage
    Patio and Porch features
    Patio
    Interior features
    CableTv
    Exterior features
    Patio, Shed, GravelDriveway
    Fireplace
    1
    Appliances
    Dishwasher, ExhaustFan, ElectricOven, ElectricRange, GasOven, GasRange, GasWaterHeater, Microwave, Refrigerator, WasherDryer
    Size
    1,900 SF
    Lot size
    0.31 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Vinyl, Carpet
    Building materials
    Brick, Frame, Stucco, WoodSiding
    Roof type
    Shingle, Composition
    Architectural style
    Other
    Additional Structures
    Shed(s)

    We can help!

    Listing Contact
    PAT VAN HEFTY

    Redman Realty Group, LLC (715) 358-0450

    Listing agent PAT VAN HEFTY (715) 892-0298 License #49511 - 90

    Listing date Feb 25, 2026

    MLS# 215862 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Woodruff Duplex with Updated Interiors

    This full duplex is located near downtown Woodruff, offering convenient access to city sewer and water, Highway 51, and various town amenities. One unit spans approximately 1200 square feet and includes two bedrooms, one bathroom with stacked laundry, a generously sized living/dining area, and a kitchen. It also features a covered entry porch for additional seasonal space. The second unit is approximately 700 square feet and contains two bedrooms (one with stacked laundry), a single bathroom, and a smaller living room. A doorway connects the two units, providing the option to use the property as a single 4-bedroom, 2-bathroom home. Both units feature updated kitchens and bathrooms, as well as updated electric, mechanical systems, appliances, and some windows. A partial basement with a private entrance offers approximately 700 square feet of storage and workshop space, with hookups for an additional bathroom. Each unit has a private entrance and ample parking. The property is situated on a 0.3132-acre lot. The location offers potential for rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodruff
    County
    Oneida
    State
    Wisconsin
    Longitude
    -89.69827359
    Latitude
    45.89841582

    Nearby Similar for Sale

    • $335,000
      0.61 Acres

      Commercial Building in Woodruff, WI

      Well-maintained commercial building in a desirable Minocqua/Woodruff location.
      8778 Earls Ct, Woodruff, WI 54568
      View Details
    • $449,000
      0.34 Acres

      Woodruff Office Space on Hwy

      Class A office space with high visibility and parking.
      616 Us Highway 51, Woodruff, WI 54568
      View Details
    • $300,000
      0.20 Acres

      Spacious Mixed-Use Building in Woodruff

      Mixed-use property with residential and commercial potential in Woodruff.
      728 Elm St, Woodruff, WI 54568
      View Details
    • $249,900
      2,300 SF

      Versatile Duplex Near Woodruff Amenities

      Duplex near town, shopping, clinics, and schools.
      216 4Th Ave, Woodruff, WI 54568
      View Details
    • $1,075,000
      15,000 SF

      Prime Woodruff Office Building

      Multi-Tenant Office, Great Location
      103 Elm St, Woodruff, WI 54568
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated duplex near downtown Woodruff with rental potential.
    Where is this duplex located?
    The property is located at 923 Lemma Creek Rd Woodruff, WI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Full duplex with potential as a 4BD/2BA single-family home.; - Updated kitchens and bathrooms in both units.; - Convenient location near downtown Woodruff with city sewer and water, and easy access to Hwy 51.
    (715) 892-0298
    Request Owner's contact information
    923 Lemma Creek Rd Woodruff, WI 54568
    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.
    923 Lemma Creek Rd
    Woodruff, WI 54568
    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
    923 Lemma Creek Rd Woodruff, WI 54568
    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
    PAT VAN HEFTY
    Real Estate License ID: 49511 - 90
    (715) 892-0298
    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!