Remodeled Four-Unit
For Sale
$350,000
36 W Eau Claire Street 1-4, Rice Lake, WI 54868
Updated multifamily property with varied unit layouts and convenient pedestrian access to downtown services.
Property Size2,728 SF
Price / SF$128.30
Days on Market66
Property Features for 36 W Eau Claire Street 1-4
General Information
Standard status
Active
Size
2,728 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR, 2 x 1BR
Multifamily Units
4
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Real Estate Solutions
Listed By:
Casey Watters · License #5254290
(866) 619-7904
Source:
Homcentric
Added: Aug 13
Changed: Oct 2
Last Checked: Oct 7 at 1:53PM
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 Real Estate Solutions
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Investment Insights
Based on property information with market context.
This 2,728-square-foot quadplex contains four residential units: two apartments with two bedrooms each and two apartments with one bedroom each. Every unit includes a private bathroom. Interior remodeling has been completed, providing an updated configuration across the building.
The property is located at 36 W Eau Claire Street, one block from Main Street in Rice Lake. Downtown, grocery stores, schools, shopping, dining, and other daily amenities are within walking distance. The electrical system was fully rewired in 2022, while the siding and roof were replaced after the 2023 hailstorms.
The property is located at 36 W Eau Claire Street, one block from Main Street in Rice Lake. Downtown, grocery stores, schools, shopping, dining, and other daily amenities are within walking distance. The electrical system was fully rewired in 2022, while the siding and roof were replaced after the 2023 hailstorms.
Key Highlights
- Four‑unit building with two 2‑bedroom units and two 1‑bedroom units
- Each unit includes a private bathroom
- 2,728 SF property with remodeled interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,063
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,260
$241.3K
Cap Rate 7%
$172,329
$172.3K
Cap Rate 9%
$134,033
$134.0K
Market Conditions
NOI Build-Up for 2,728 SF
Gross rent
$18.3K $6.72/SF
− Vacancy
−$1.1K −$0.40/SF
EGI
$17.2K $6.32/SF
− OpEx
−$5.2K −$1.90/SF
NOI
$12.1K $4.42/SF
Area
Barron County, WI
Vacancy
6.00%
Lease Rate
$6.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,260
Cap Rate 7%
$172,329
Cap Rate 9%
$134,033
Alternative Uses
Best Use
Multifamily LT 5
$172.3K
$150.8K – $201.1K
NOI $12,063 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$162.1K
$141.9K – $189.1K
NOI $11,348 @ 7.0% cap · market cap 3.24%
Theoretical Best
Warehouse
$2.19M
$1.92M – $2.56M
NOI $153,431 @ 7.0% cap · market cap 43.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 54868, WI
15,785
Population
7,640
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
94%
High-School Grad
212.0 sq mi
ZIP Area
74
Density / Sq Mi
$64,567
Median Household Income
$40,474
Median Earnings
$850
Median Rent
$199,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated multifamily property with varied unit layouts and convenient pedestrian access to downtown services.
Where is this quadplex located?
The property is located at 36 W Eau Claire Street 1-4 Rice Lake, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four‑unit building with two 2‑bedroom units and two 1‑bedroom units; Each unit includes a private bathroom; 2,728 SF property with remodeled interiors
