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    Algoma, WI
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    Algoma, WI Multifamily Properties for Sale

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    Sturgeon Bay, WI Forestville, WI Casco, WI Kewaunee, WI Brussels, WI Luxemburg, WI Green Bay, WI Egg Harbor, WI
    Four-Unit Residential Income Quadplex
    Updated: Apr 22
    Four-Unit Residential Income Quadplex

    409 3rd St, Algoma, WI 54201

    $299,900
    2,800 sqft 0.21 AC lot
    Algoma investment property with $2,900/month rent and 4 total units
    Roof is 2 years old
    Fresh paint updates completed last year
    3 of the 4 units updated within the last 5 years
    Heating includes forced air, heat pump, and space heaters
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    This listing looks promising.

    Here's a quick look at some key insights for

    409 3rd St, Algoma, WI 54201

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    • Est. Cap Rate

      8.2%
      Above avg (5.9%)

    • Est. NOI

      $24K
      Annual

    • Mortgage

      $168K
      Apr 2018

    • Last Sold

      Feb 2020
      $60K

    • Property Type

      Commercial (General)
      Built 1930
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    Historic Building with Penthouse
    Updated: Jan 27
    Historic Building with Penthouse

    300 4th St, Algoma, WI 54201

    $249,900
    15,000 sqft 0.34 AC lot
    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.
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    Remodeled Duplex with Separate Utilities
    Remodeled Duplex with Separate Utilities

    323 5TH Street, Algoma, WI 54201

    $179,900
    2,242 sqft 0.11 AC lot

    Interior remodeled two-family with 2–3 bedroom first-floor and three-bedroom upper units, separate utilities and basement access.

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    Remodeled Two-Family Near Lake Michigan
    Remodeled Two-Family Near Lake Michigan

    323 5th Street, Algoma, WI 54201

    $179,900
    2,242 sqft

    Remodeled 2-family with income potential near Lake Michigan.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 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.

    Duplex With Two Private Entrances
    Duplex With Two Private Entrances

    219 S Hudson Ave, Sturgeon Bay, WI 54235

    $450,000
    1,760 sqft 0.38 AC lot

    Duplex configured for short-term rentals with private entrances for both units and included major appliances.

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    Turnkey Restaurant with Apartments
    Turnkey Restaurant with Apartments

    301 Ellis St, Kewaunee, WI 54216

    $295,000
    4,645 sqft

    Successful restaurant with apartments in high-traffic downtown location.

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    Residential Income Property
    Residential Income Property

    133 W Maple St, Sturgeon Bay, WI 54235

    $459,900
    2,055 sqft 0.37 AC lot

    Two dwellings on one lot, including a 2-bedroom home with an eat-in kitchen, updated bath, and detached two-car garage.

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    Turnkey Restaurant in Downtown Kewaunee
    Turnkey Restaurant in Downtown Kewaunee

    301 Ellis St, Kewaunee, WI 54216

    $295,000
    4,645 sqft

    Successful restaurant with apartments in a high-traffic location.

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    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
    Menominee City Building Lot

    605 46th Avenue, Menominee, MI 49858

    Contact for pricing
    0.21 AC lot

    Building lot near Henes Park, ready for construction.

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    Tippy Dam Lodge Retreat
    Tippy Dam Lodge Retreat

    1306 N Tippy Dam Road, Wellston, MI 49689

    $999,900
    22.24 AC lot

    Unique lodge in Manistee National Forest with multiple buildings.

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    Deeded RV Recreational Lot
    Deeded RV Recreational Lot

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

    $39,900
    0.96 AC lot

    Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

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    Traverse City Land with Utilities
    Traverse City Land with Utilities

    4866 Luanne Lane, Traverse City, MI 49685

    $59,000
    0.52 AC lot

    Half-acre lot with well, septic, gas, and electric hookup.

    View details

    Algoma, WI Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily properties for sale in Algoma, WI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 22,284 square feet of properties for sale, with an estimated market value of $909,600.

    Sale prices for multifamily properties in Algoma, WI start at $179,900, averaging $227,400, and reaching up to $299,900 — 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

    Commercial property segments ranked by active listings on the market

    Duplexes 2
    Short term rental properties 2
    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 average listing prices of real estate assets

    Neighborhood Average Price
    54201 $227.4K

    Taxes & Financing

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

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