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Quadplex with Separate Utilities
For Sale
$319,900

1322 W MAIN STREET, Merrill, WI 54452

Multi-Family, Merrill, WI

Property SizeContact for details
Lot Size0.22 Acres
Days on Market469

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 Bedroom 2, Bathroom 3, Basement, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Parking features Parking Lot
Interior features Ceiling Fan(s)
Appliances Refrigerator, Range
Directions Main St
Subdivision Merrill
Standard status Active
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: Sep 12 Last Checked: Sep 14 at 12:06AM
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 quadplex contains four residential units, each arranged with two bedrooms and one bathroom. Three units received kitchen, window, bathroom, and flooring improvements within the past 5 years; the remaining unit was not included in those updates. The property also has a metal roof and vinyl siding completed within the same period.

Each unit has separate utilities, with tenants responsible for those costs. Existing features include forced-air heating, ceiling fans, refrigerators, and ranges. A parking lot serves the property, which occupies 0.22 acres and was built in 1930.

Key Highlights

  • Four 2‑bedroom, 1‑bathroom units
  • Separate utilities with tenants paying all utility costs
  • Three units updated with kitchens, windows, bathrooms, and flooring within the past 5 years

Property Analytics

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Current Use

mechanix Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Electrical Service Spa & Massage Center 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.

Location Intelligence

Trade Area within ½ mile

85
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
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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residential units offer two-bedroom layouts with tenant-paid utilities and on-site parking.
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: Four 2‑bedroom, 1‑bathroom units; Separate utilities with tenants paying all utility costs; Three units updated with kitchens, windows, bathrooms, and flooring within the past 5 years
More about this property
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