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Three-Unit Renovation Property
For Sale
$99,000

1208 Mason St, Rhinelander, WI 54501

Vacant multifamily structure requiring comprehensive renovation and reconfiguration, with no current tenant occupancy.

Property SizeContact for details
Days on Market106

Property Features for 1208 Mason St

General Information

Standard status Active
Property subtype Multi Family Home

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $1,727
Listing Agency: Twenty-Two Re LLC
Listed By: Luke Durkee · License #60337 - 90
Source: Northwoodswi
Added: Apr 28 Changed: Aug 5 Last Checked: Aug 10 at 11:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Twenty-Two Re LLC

Investment Insights

Based on property information with market context.

This three-unit multifamily property is being offered in as-is condition after interior demolition left the building down to the studs. The existing layout can be reconsidered during a comprehensive renovation, giving a purchaser the opportunity to rebuild and reconfigure the structure for future residential use. All units are currently vacant, eliminating the need to coordinate renovations around existing occupants.

The property is positioned within walking distance of Hodag Park and downtown Rhinelander. Its location near local city amenities adds convenient access to established community destinations while the building undergoes redevelopment.

Key Highlights

  • Three‑unit multifamily property
  • Interior taken down to the studs
  • As‑is sale requiring comprehensive renovation

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Restaurant (Bike/Boat/Book/etc) Store Barber Shop Grocery & Convenience 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

426
Businesses Nearby

Demographics for 54501, WI

20,591
Population
12,754
Households
1.6
Avg Household Size
48
Median Age
26%
College-Educated
96%
High-School Grad
366.3 sq mi
ZIP Area
56
Density / Sq Mi
$68,602
Median Household Income
$37,578
Median Earnings
$831
Median Rent
$194,900
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?
Triplex - Vacant multifamily structure requiring comprehensive renovation and reconfiguration, with no current tenant occupancy.
Where is this triplex located?
The property is located at 1208 Mason St Rhinelander, WI.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Three‑unit multifamily property; Interior taken down to the studs; As‑is sale requiring comprehensive renovation
More about this property
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