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Three-Home Multifamily Property
New
For Sale
$575,000

11018 Dream Lake Road, Long Lake, WI 54542

MULTIFAMILY, 1 Story, Tipler T-WI, WI

Property Size2,900 SF
Lot Size7.80 Acres
Price / SF$198.28
Days on Market3

Property Features for 11018 Dream Lake Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Multi-Family
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bathroom 1, Basement, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Interior features Furnished
Fireplace 1
Appliances Microwave, Range/Oven, Refrigerator
Subdivision .
Lot features Rural, Deep Lot - 150+ Ft., Cleared, Rolling/ Hilly, Treed
Elementary school district School District of Florence-WI
Middle school district School District of Florence-WI
High school district School District of Florence-WI
Standard status Active
Size 2,900 SF
Lot size 7.80 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3337

Utilities

Heating system Forced Air
Water source Well

Amenities

fireplace
deck
hunting shack
private shooting range
outdoor bar area
airplane display
yard decor

Building Details

Year built 1980
Floors in Building 1
Number of units 4
Architectural style Other
Buildings 3
Listing Agency: KELLER WILLIAMS CLASSIC REALTY NW · Keller Williams Realty
Listed By: NICOLE HEBERT
Added: Oct 30 Last Checked: Nov 1 at 5:06AM
MLS# 50226427

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

Rey
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Investment Insights

Based on property information with market context.

This multifamily property comprises three furnished homes totaling 2,900 square feet on 7.8 acres. The main residence has three bedrooms, one bathroom, a family room with a fireplace, and a basement. A second home includes two upstairs bedrooms, a full bathroom, pine interior walls, a gas stove, and a deck. The third offers one bedroom and one bathroom, with updated bath finishes. A hunting shack, outdoor bar area, private shooting range, airplane display, and yard decor are also included. Heating is forced air, and water is supplied by a well.

The Nicolet State Trail is next door, with national forest land surrounding the property. Rivers, lakes, and trout streams are also part of the stated area setting. Snowmobiling, ATV/UTV riding, biking, fishing, paddling, and hunting are cited nearby activities.

Key Highlights

  • Three furnished homes on 7.8 acres
  • 2,900 square feet total across the residences
  • Main house has 3 bedrooms, 1 bath, a family room with fireplace, and basement

Property Analytics

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Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

5
Businesses Nearby

Demographics for 54542, WI

539
Population
1,144
Households
0.5
Avg Household Size
60
Median Age
16%
College-Educated
90%
High-School Grad
267.7 sq mi
ZIP Area
2
Density / Sq Mi
$45,625
Median Household Income
$45,000
Median Earnings
$157,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Furnished residences offer separate configurations for personal use or rental operation.
Where is this multifamily property located?
The property is located at 11018 Dream Lake Road Long Lake, WI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three furnished homes on 7.8 acres; 2,900 square feet total across the residences; Main house has 3 bedrooms, 1 bath, a family room with fireplace, and basement
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