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    Elkhart Lake, WI
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    Elkhart Lake, WI Multifamily Properties for Sale

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    Adams, WI Adell, WI Glenbeulah, WI Kohler, WI Plymouth, WI Kiel, WI Sheboygan Falls, WI Saint Cloud, WI
    Modern Four-Unit Quadplex
    Updated: Apr 19
    Modern Four-Unit Quadplex

    171 E Rhine St, Elkhart Lake, WI 53020

    $2,700,000
    Four‑unit, fully furnished multifamily property at 171 E Rhine St
    Unit mix includes 1 BR/1 BA, two 3 BR/2 BA units, and 2 BR/2 BA
    Attached flex space with the Vulcan unit for storefront, office, or potential second suite
    Private decks serve the upper‑level Vanquish and Rapide units
    Each unit includes a 1‑car garage
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    Mixed-Use Rental Property with Sun Porch
    Updated: Jun 5
    Mixed-Use Rental Property with Sun Porch

    141 E Rhine St, Elkhart Lake, WI 53020

    $824,999
    Main and lower levels are currently rented month‑to‑month, generating $3,000 per month
    Upper unit has 3 beds and 2 full baths plus a sun porch/four‑season room
    Upper unit operates as an Airbnb from June through September
    Upper unit is rented to traveling nurses from October through May for $1,700 per month
    Owner‑occupant option: live in the upper unit while receiving rental income from the lower levels
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Elkhart Lake, WI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Upper-Lower Duplex with Garage
    Upper-Lower Duplex with Garage

    309 CLAY Street, Chilton, WI 53014

    $225,000
    1,440 sqft 0.14 AC lot

    Vacant two-unit property with a remodeled upper residence, detached garage, and backyard.

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    Four-Unit Brick Quadplex
    Four-Unit Brick Quadplex

    1410 HICKORY Lane, New Holstein, WI 53061

    $450,000
    3,038 sqft 0.25 AC lot

    Separate utilities, laundry hookups, and dedicated parking support straightforward unit operations.

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    Four-Unit Brick Quadplex
    Four-Unit Brick Quadplex

    1801 MASON Street, New Holstein, WI 53061

    $450,000
    3,038 sqft 0.25 AC lot

    Four separate residences offer individual utilities, laundry hookups, and one dedicated parking stall per unit.

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    Duplex with Detached Garage
    Duplex with Detached Garage

    309 CLAY Street, Chilton, WI 53014

    $225,000
    1,440 sqft

    Vacant upper and lower units offer flexibility for owner occupancy or future leasing plans.

    View details

    Elkhart Lake, WI Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Elkhart Lake, WI on our real estate platform.

    Sale prices for multifamily properties in Elkhart Lake, WI start at $824,999, averaging $1,762,499, and reaching up to $2,700,000 — 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

    Commercial property segments ranked by active listings on the market

    Quadplexes 1
    Short term rental properties 1

    Demographics Overview

    Population 3,553
    Population Growth (5Y) -4.6%
    Median Household Income $90,536
    College Educated 44.4%

    High-Yield Neighborhoods for Investment

    Identify Elkhart Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    53020 $825K

    Taxes & Financing

    Tax Rate (average for all types) 1.48%
    Tax Rate vs County Average 0.34 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Sheboygan County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Sheboygan County

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