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Remodeled Four-Unit Quadplex
For Sale
$244,900

1428 4TH AVE, Park Falls, WI 54728

Unit mix includes two-bedroom, one-bedroom, and studio layouts.

Property Size3,140 SF
Price / SF$77.99
Days on Market9

Property Features for 1428 4TH AVE

General Information

Standard status Active
Size 3,140 SF
Property subtype Multi-Family

Units

Unit Mix 2 two bedroom, one-bath units, 1 one-bedroom, one-bath unit, 1 studio
Multifamily Units 4

Amenities

coin-operated washer and dryer
Listing Agency: NORTHWOODS REALTY
Listed By: Cala Neu · License #42987
Source: Dreamnorthre
Added: Aug 22 Changed: Aug 30 Last Checked: Aug 25 at 3:44AM

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 NORTHWOODS REALTY

Investment Insights

Based on property information with market context.

This 3,110-square-foot quadplex contains four residential units: two two-bedroom, one-bath apartments, one one-bedroom, one-bath apartment, and one studio. Units 1, 2, and 4 have been remodeled, while Unit 3 includes updated windows. Separate electric service, individual water heaters, and LP boiler heat support each unit. A basement laundry area includes coin-operated equipment.

The property sits at 1428 S 4th Ave, just south of Park Falls on State Highway 13. It combines a rural setting with access to Park Falls amenities and the recreational resources of Wisconsin’s Northwoods, including the Flambeau River, Chequamegon-Nicolet National Forest, Tuscobia State Trail, and area ATV and snowmobile trails.

Water service is provided by a private well, and the property uses a mound septic system installed in 2004. The unit mix and separate utility setup provide a clearly defined four-unit configuration for multifamily ownership.

Key Highlights

  • Four‑unit quadplex totaling 3,110 square feet
  • Unit mix includes (2) two‑bedroom, one‑bath units, (1) one‑bedroom, one‑bath unit, and (1) studio
  • Units 1, 2 and 4 have been fully remodeled

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pharmacy Big Box & Wholesale Store Real Estate Agency Electrical Service Auto Parts 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

4
Residential units

Location Intelligence

Trade Area within ½ mile

24
Businesses Nearby

Demographics for 54728, WI

6,166
Population
3,491
Households
1.8
Avg Household Size
50
Median Age
22%
College-Educated
96%
High-School Grad
125.6 sq mi
ZIP Area
49
Density / Sq Mi
$71,538
Median Household Income
$40,310
Median Earnings
$897
Median Rent
$214,200
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 - Unit mix includes two-bedroom, one-bedroom, and studio layouts.
Where is this quadplex located?
The property is located at 1428 4TH AVE Park Falls, WI.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Four‑unit quadplex totaling 3,110 square feet; Unit mix includes (2) two‑bedroom, one‑bath units, (1) one‑bedroom, one‑bath unit, and (1) studio; Units 1, 2 and 4 have been fully remodeled
More about this property
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