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Furnished Waterfront Rental Portfolio
For Sale
$849,000

2560 MILLERVILLE RD, Phelps, WI 54554

CommercialSale, Phelps, WI

Property SizeContact for details
Lot Size0.75 Acres
Days on Market100

Property Features for 2560 MILLERVILLE RD

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
Parking features Garage
Lot features Dead End, Lake Front, Level, Views, Wooded
View Water
Directions Hwy 70 east and turn left onto Hwy 45 north. Turn left onto Hwy 17 north and at Millerville Road turn left to 2560,2554 and 2556 Millerville Rd. Sign on property.
Standard status Active
APN 18-369-31
Lot size 0.75 Acres

Additional Details

Currently Operating Yes

Taxes and HOA fees

Tax Year 2025
Tax Description UNIT 1 NORTH TWIN LAKE VIEW CONDO & 33.33% INT CE UNIT 2 NORTH TWIN LAKE VIEW CONDO & 33.34% INT CE UNIT 3 NORTH TWIN LAKE VIEW CONDO & 33.33% INT CE UNIT 4 NORTH TWIN LAKE VIEW CONDO PROPOSED GARAGE UNIT UNIT 5 NORTH TWIN LAKE VIEW CONDO GARAGE UNIT UNIT 6 NORTH TWIN LAKE VIEW CONDO GARAGE UNIT
Tax Annual Amount 2006
Legal Description UNIT 1 NORTH TWIN LAKE VIEW CONDO & 33.33% INT CE UNIT 2 NORTH TWIN LAKE VIEW CONDO & 33.34% INT CE UNIT 3 NORTH TWIN LAKE VIEW CONDO & 33.33% INT CE UNIT 4 NORTH TWIN LAKE VIEW CONDO PROPOSED GARAGE UNIT UNIT 5 NORTH TWIN LAKE VIEW CONDO GARAGE UNIT UNIT 6 NORTH TWIN LAKE VIEW CONDO GARAGE UNIT

Utilities

Sewer type Public Sewer
Heating system Forced Air, Space Heater, Natural Gas
Cooling system Central Air
Water source Public
Water front features Lake Front
Water front 1

Building Details

Roof type Composition, Shingle
Listing Agency: RE/MAX PROPERTY PROS · RE/MAX International
Listed By: KAY REIL · License #51999 - 90
Added: Jul 28 Changed: Oct 26 Last Checked: Nov 4 at 12:06PM
MLS# 218865

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.

Rey
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Investment Insights

Based on property information with market context.

This offering combines three fully furnished waterfront condominium homes conveyed together as one package. The residences provide a total of 6 bedrooms and 4 bathrooms, with each home separately identified by its own tax parcel within a single condominium declaration. Public water and sewer serve the property, while heating includes natural gas, forced air, and space heaters; central air is also installed.

Set on 0.75 acres along 2,788-acre North Twin Lake, the property includes lake frontage, upgraded decks, dock extensions, and a 5,000-lb. power boat lift with solar charging. The public boat landing and Great Escape Bar & Restaurant are steps away, with downtown Phelps minutes from the property. Recent work includes a new furnace, water heater, front door, washer and dryer in the Eagle Nest unit, electrical upgrades, a new ceiling, and central-air ductwork for future expansion.

Key Highlights

  • Three fully furnished waterfront condominium homes offered together
  • Combined configuration of 6 bedrooms and 4 bathrooms
  • 0.75 acres with frontage on 2,788‑acre North Twin Lake

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

32
Businesses Nearby

Demographics for 54554, WI

1,042
Population
1,279
Households
0.8
Avg Household Size
60
Median Age
17%
College-Educated
98%
High-School Grad
80.9 sq mi
ZIP Area
13
Density / Sq Mi
$58,478
Median Household Income
$41,080
Median Earnings
$730
Median Rent
$222,600
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

Frequently Asked Questions

What type of property is this?
Short term rental property - Three furnished condominium homes offer shared lake access, private tax parcels, and flexible short-term rental or retreat use.
Where is this short term rental property located?
The property is located at 2560 MILLERVILLE RD Phelps, WI.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three fully furnished waterfront condominium homes offered together; Combined configuration of 6 bedrooms and 4 bathrooms; 0.75 acres with frontage on 2,788‑acre North Twin Lake
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