Four-Unit Multifamily
For Sale
$244,900
1428 S 4TH AVE, Park Falls, WI 54552
CommercialSale, Park Falls, WI
Property SizeContact for details
Lot Size1.00 Acre
Days on Market66
Property Features for 1428 S 4TH AVE
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Driveway
Lot features
Rural Lot, Wooded
Directions
Heading South of Park Falls, Take the 2nd Right on Hwy 13.
Standard status
Active
APN
271-1127-05 000
Lot size
1.00 Acre
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
25-40-1W PRT OF GOVT LOT 6 PCL W OF HWY 13 PCL DESC IN 403399
Tax Annual Amount
2015
Legal Description
25-40-1W PRT OF GOVT LOT 6 PCL W OF HWY 13 PCL DESC IN 403399
Utilities
Sewer type
Mound Septic
Heating system
Propane (Heating), Hot Water(Heating)
Water source
Well
Amenities
coin-operated laundry
Building Details
Floors in Building
1
Number of units
4
Flooring type
Vinyl
Building materials
Cedar, Frame
Roof type
Composition, Metal, Shingle
Buildings
1
Listing Agency:
NORTHWOODS REALTY
(715) 339-4663
Listed By:
CALA NEU · License #58726 - 90
(715) 820-0636
Added: Aug 20
Changed: Oct 23
Last Checked: Oct 24 at 12:06PM
MLS# 219155
Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-unit building contains two two-bedroom, one-bath units, one one-bedroom, one-bath unit, and a studio. Units 1, 2, and 4 have been remodeled; Unit 3 is maintained and has updated windows. Each apartment has separate electric service and its own water heater, with heat provided by an LP boiler. A coin-operated washer and dryer are located in the basement.
The property occupies 1 acre and is served by a private well and a mound septic system installed in 2004. It is south of Park Falls, with access to the area’s lakes, forests, Flambeau River, Chequamegon-Nicolet National Forest, Tuscobia State Trail, and ATV and snowmobile trails.
The property occupies 1 acre and is served by a private well and a mound septic system installed in 2004. It is south of Park Falls, with access to the area’s lakes, forests, Flambeau River, Chequamegon-Nicolet National Forest, Tuscobia State Trail, and ATV and snowmobile trails.
Key Highlights
- Four units: two 2‑bedroom, 1‑bath apartments, one 1‑bedroom, 1‑bath apartment, and a studio
- Units 1, 2, and 4 remodeled; Unit 3 has updated windows
- Separate electric service and individual water heaters for each unit
Property Analytics
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Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 54552, WI
4,381
Population
3,602
Households
1.2
Avg Household Size
54
Median Age
15%
College-Educated
93%
High-School Grad
360.3 sq mi
ZIP Area
12
Density / Sq Mi
$58,389
Median Household Income
$42,773
Median Earnings
$882
Median Rent
$127,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix includes two two-bedroom apartments, a one-bedroom apartment, and a studio.
Where is this quadplex located?
The property is located at 1428 S 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 units: two 2‑bedroom, 1‑bath apartments, one 1‑bedroom, 1‑bath apartment, and a studio; Units 1, 2, and 4 remodeled; Unit 3 has updated windows; Separate electric service and individual water heaters for each unit
