Four-Unit Multifamily
For Sale
$244,900
1428 S 4TH AVE, Park Falls, WI 54728
Residential, 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
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 1, Kitchen, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Garage, Driveway
Exterior features
GravelDriveway
Appliances
Dryer, ElectricOven, ElectricRange, ElectricWaterHeater, Refrigerator, Washer
Lot features
Rural Lot, Wooded
Elementary school
PR Chequamegon
Directions
Heading South of Park Falls, Take the 2nd Right on Hwy 13.
Standard status
Active
APN
50-271-2-40-01-25-5 05-006-50000
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
Flooring type
Carpet, Vinyl
Building materials
Cedar, Frame
Roof type
Composition, Metal, Shingle
Architectural style
Other
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# 219185
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 property offers two two-bedroom, one-bath apartments, one one-bedroom, one-bath apartment, and a studio. Units 1, 2, and 4 have been remodeled; Unit 3 has updated windows and has been maintained. Each apartment has its own electric service and water heater, with heat supplied 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 mound septic system installed in 2004. It is just south of Park Falls on State Highway 13, with town amenities a short drive away. The surrounding area includes lakes, forests, the 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 mound septic system installed in 2004. It is just south of Park Falls on State Highway 13, with town amenities a short drive away. The surrounding area includes lakes, forests, the Flambeau River, Chequamegon-Nicolet National Forest, Tuscobia State Trail, and ATV and snowmobile trails.
Key Highlights
- Four units: two two‑bedroom, one‑bath apartments, one one‑bedroom, one‑bath apartment, and a studio
- Units 1, 2, and 4 remodeled; Unit 3 has updated windows
- Separate electric service and individual water heaters in 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 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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - A varied unit mix pairs recent interior updates with separate electric service and coin-operated basement laundry.
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 two‑bedroom, one‑bath apartments, one one‑bedroom, one‑bath apartment, and a studio; Units 1, 2, and 4 remodeled; Unit 3 has updated windows; Separate electric service and individual water heaters in each unit
