Four-Unit Quadplex With Updated
For Sale
$350,000
36 W Eau Claire Street, Rice Lake, WI 54868
MULTI_FAMILY - Rice Lake, WI
Property Size2,728 SF
Lot Size0.12 Acres
Price / SF$128.30
Days on Market69
Property Features for 36 W Eau Claire Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
Commercial
Rooms
Basement
Parking features
Driveway
Patio and Porch features
Deck
Appliances
ElectricWaterHeater, Oven, Range, Refrigerator
Elementary school district
Rice Lake Area
Middle school district
Rice Lake Area
High school district
Rice Lake Area
Directions
Main St to West on Eau Claire St to property on Left
Standard status
Active
APN
276-1885-34-000
Size
2,728 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PLATS 16-2 & 17-1 N 66 FT OF W 13.2 FT OF LOT 16 BLK 15 & N 66 FT LOT 17 BLK 15 ORIGINAL PLAT CITY OF RICE LAKE
Tax Annual Amount
2963
Legal Description
PLATS 16-2 & 17-1 N 66 FT OF W 13.2 FT OF LOT 16 BLK 15 & N 66 FT LOT 17 BLK 15 ORIGINAL PLAT CITY OF RICE LAKE
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1940
Number of units
4
Building materials
CompositeSiding
Listing Agency:
Real Estate Solutions
(715) 719-0555
Listed By:
Casey Watters · License #52542-90
(715) 434-7904
Added: May 27
Changed: Aug 2
Last Checked: Aug 3 at 7:06PM
MLS# 1602204
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit quadplex features two 2-bedroom units and two 1-bedroom units, with each unit including a private bathroom. The property was built in 1940 and offers a basement and on-site parking via a driveway. Heating is baseboard, and the home is served by public water and public sewer.
Recent improvements include a completely rewired electrical system in 2022. Following the 2023 hailstorms, the property also received new siding and roofing. The interiors have been remodeled, and the exterior includes composite siding plus a deck.
Located in the heart of Rice Lake, the property is about one block off Main Street, providing convenient access to downtown, grocery stores, schools, shopping, dining, and other everyday amenities.
Recent improvements include a completely rewired electrical system in 2022. Following the 2023 hailstorms, the property also received new siding and roofing. The interiors have been remodeled, and the exterior includes composite siding plus a deck.
Located in the heart of Rice Lake, the property is about one block off Main Street, providing convenient access to downtown, grocery stores, schools, shopping, dining, and other everyday amenities.
Key Highlights
- Two 2‑bedroom units and two 1‑bedroom units with private bathrooms
- Completely rewired electrical system completed in 2022
- New siding and roofing after 2023 hailstorms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.3k | $6.72 |
| − Vacancy | −$1.1k | −$0.40 |
| EGI | $17.2k | $6.32 |
| − OpEx | −$5.2k | −$1.90 |
| NOI | $12.1k | $4.42 |
2,728 SF · lease $6.72/SF/yr · vacancy 6.00% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
607
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex with remodeled interiors, 2022 electrical work, and 2023 siding and roofing updates.
Where is this quadplex located?
The property is located at 36 W Eau Claire Street 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: Two 2‑bedroom units and two 1‑bedroom units with private bathrooms; Completely rewired electrical system completed in 2022; New siding and roofing after 2023 hailstorms
