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Updated Multi-Family Apartment Building
For Sale
Under Contract
$319,900

1322 W MAIN STREET, Merrill, WI 54452

MULTI_FAMILY - Merrill, WI

Lot Size0.22 Acres
Days on Market423

Property Features for 1322 W MAIN STREET

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Multi-Family
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 5, Basement, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 7, Bedroom 3, Bedroom 1, Bedroom 8
Parking features Parking Lot
Interior features Ceiling Fan(s)
Appliances Refrigerator, Range
Directions Main St
Subdivision Merrill
Standard status Active Under Contract
Lot size 0.22 Acres

Utilities

Heating system Forced Air

Building Details

Year built 1930
Floors in Building 2
Number of units 4
Building materials Vinyl
Roof type Metal
Listing Agency: COLDWELL BANKER ACTION · Coldwell Banker Real Estate
Listed By: LACERTE TEAM
Added: Jun 3, 2025 Changed: Jul 9 Last Checked: Jul 30 at 1:06PM
MLS# 22502395

Copyright © 2026 Central Wisconsin 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 updated multi-family home offers multiple units, each configured as 2 bedrooms and 1 bathroom. Interior improvements include updated kitchens, windows, bathrooms, and flooring within the past 5 years, with the exception of one unit. The property also has roof and siding updates completed within the past 5 years.

Located in Merrill, Wisconsin, the home sits on a 0.22-acre lot. The units are individually metered with separate utilities, and tenants are responsible for paying all of their utility costs.

The property is well suited for an owner-operator or investor seeking a straightforward rental setup with consistent unit layouts across the building. Because each unit handles its own utilities, it may simplify monthly operating administration. The seller also indicates they have additional rental properties that could be packaged together for a buyer interested in a multi-property deal.

Key Highlights

  • Updated multi‑family home in Merrill with multiple units updated over the past 5 years.
  • Updates include kitchens, windows, bathrooms, and flooring (with one unit noted as different).
  • Roof and siding completed within the past 5 years.

Property Analytics

Current Use

mechanix Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Electrical Service (Bike/Boat/Book/etc) Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

163
Businesses Nearby

Demographics for 54452, WI

18,851
Population
9,181
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
93%
High-School Grad
438.0 sq mi
ZIP Area
43
Density / Sq Mi
$65,522
Median Household Income
$41,744
Median Earnings
$777
Median Rent
$162,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Multiple 2-bedroom, 1-bath units with separate utilities and recent interior, window, roof, and siding updates.
Where is this quadplex located?
The property is located at 1322 W MAIN STREET Merrill, WI.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Updated multi‑family home in Merrill with multiple units updated over the past 5 years.; Updates include kitchens, windows, bathrooms, and flooring (with one unit noted as different).; Roof and siding completed within the past 5 years.
More about this property
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