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    Algoma, WI
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    Algoma, WI Multifamily Properties for Sale

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    Sturgeon Bay, WI Casco, WI Kewaunee, WI
    Four-Unit Residential Income Quadplex
    $299,900
    2,800 SF
    Four-Unit Residential Income Quadplex

    409 3rd St, Algoma, WI 54201

    Well-maintained quadplex with recent interior updates, including fresh paint and a roof installed about two years ago.
    • 4‑unit investment property in Algoma with $2,900 rent per month
    • Roof is 2 years old
    • Fresh paint completed last year
    • 3 out of the 4 units were updated within the last 5 years
    • Heating includes heat pump and forced air (also space heater)
    Updated: Apr 22
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    Historic Algoma Mixed-Use Building
    $284,900
    15,000 SF
    Historic Algoma Mixed-Use Building

    300 4th St, Algoma, WI 54201

    15,000 sq ft mixed-use building with penthouse and rental income.
    • 3,000 sq ft penthouse with 360‑degree views of the city, Ahnapee River, and Lake Michigan.
    • Historic building with 15,000 sq ft offering many opportunities including condos, apartments, or business rental space.
    • Existing rental income from penthouse ($1,400/month) and studio apartment ($800/month).
    • Includes a full basement, two additional floors, and a one‑story warehouse.
    • Penthouse includes a sauna and perimeter observation walkway.
    Updated: Jan 27
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    Updated Duplex Near Crescent Beach
    $199,900
    2,130 SF
    Updated Duplex Near Crescent Beach

    Well-maintained Algoma duplex, ideal for owner-occupancy or investment.

    522 MILL Street, Algoma, WI 54201

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    Remodeled Algoma Multi-Family Property
    $179,900
    2,242 SF
    Remodeled Algoma Multi-Family Property

    Remodeled two-family property near Lake Michigan with income potential.

    323 5TH Street, Algoma, WI 54201

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    Remodeled Two-Family Near Lake Michigan
    $179,900
    2,242 SF
    Remodeled Two-Family Near Lake Michigan

    Remodeled 2-family with income potential near Lake Michigan.

    323 5th Street, Algoma, WI 54201

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 5 Active listings in Algoma, WI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Green Bay Duplex Investment Opportunity
    $449,900
    2,140 SF
    Green Bay Duplex Investment Opportunity

    Well-kept Green Bay duplex, each unit with 2BR/1.5BA.

    2793 AQUARIUS Road, Green Bay, WI 54311

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    Well-Maintained Duplex in Green Bay
    $189,900
    1,596 SF
    Well-Maintained Duplex in Green Bay

    Duplex with income potential, near downtown Green Bay.

    202 IRENE Street, Green Bay, WI 54302

    View details
    Turnkey Restaurant with Apartments
    $295,000
    4,645 SF
    Turnkey Restaurant with Apartments

    Successful restaurant with apartments in high-traffic downtown location.

    301 Ellis St, Kewaunee, WI 54216

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    Turnkey Restaurant in Downtown Kewaunee
    $295,000
    4,645 SF
    Turnkey Restaurant in Downtown Kewaunee

    Successful restaurant with apartments in a high-traffic location.

    301 Ellis St, Kewaunee, WI 54216

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Menominee City Building Lot
    Contact for pricing
    0.21 Acres
    Menominee City Building Lot

    Building lot near Henes Park, ready for construction.

    605 46th Avenue, Menominee, MI 49858

    View details
    Land For Sale
    $67,999
    Land For Sale

    Land available in Mason County.

    4993 E Wetland Trail, Custer, MI 49405

    View details
    Recreational Land Bordering National Forest
    $39,900
    0.96 Acres
    Recreational Land Bordering National Forest

    RV recreational lot bordering Manistee National Forest.

    V/L E Kissing Oaks Trail, Custer, MI 49405

    View details
    Tippy Dam Lodge Retreat
    $999,900
    22.24 Acres
    Tippy Dam Lodge Retreat

    Unique lodge in Manistee National Forest with multiple buildings.

    1306 N Tippy Dam Road, Wellston, MI 49689

    View details

    Algoma, WI Multifamily Properties Investment Opportunities Market Analysis

    Explore 5 multifamily properties for sale in Algoma, WI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 24,414 square feet of properties for sale, with an estimated market value of $1,159,600.

    Sale prices for multifamily properties in Algoma, WI start at $179,900, averaging $231,920, and reaching up to $315,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Duplexes 3
    Short term rental properties 2
    Apartment buildings 1
    Quadplexes 1

    Demographics Overview

    Population 5,178
    Population Growth (5Y) -0.2%
    Median Household Income $65,772
    College Educated 26.0%

    High-Yield Neighborhoods for Investment

    Identify Algoma submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    54201 $244.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.14%
    Property Tax per SF $16.26 per sq ft
    Tax Rate vs County Average 0.34 pp above county avg
    Average Loan-to-Value 65.0%

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