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    Elkhart Lake, WI
    Residential Income

    Elkhart Lake, WI Residential Income Properties for Sale

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    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 11 Potential Opportunities for your consideration. Besides 2 Active listings in Elkhart Lake, WI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, 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.

    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.

    View details
    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

    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.

    Vacant Land in New Holstein
    Vacant Land in New Holstein

    1713 Monroe Street, New Holstein, WI 53061

    Contact for pricing
    10,890 sqft 0.25 AC lot

    Vacant parcel for development in a desirable New Holstein location.

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    Wooded Land Near Recreational Trails
    Wooded Land Near Recreational Trails

    Lt14 Red Oak Dr, Campbellsport, WI 53010

    $34,900
    1.00 AC lot

    One-acre wooded parcel with recreational trail access near Long Lake.

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    Residential Lot in Malone, WI
    Residential Lot in Malone, WI

    JENNIE LEE Court, Malone, WI 53049

    $119,900
    1.29 AC lot

    1.29-acre residential lot in Malone, WI, for sale.

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    Gently Rolling Residential Acreage
    Gently Rolling Residential Acreage

    Lt2 County Road AS, Waldo, WI 53093

    $279,900
    7.31 AC lot

    7.31 acres in the Town of Sherman, with survey, perk test, and a certified driveway permit already completed.

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    Off-Market Properties in Elkhart Lake, WI

    Consider similar Off-Market properties in Elkhart Lake, WI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    W6041 Badger Rd
    Farms

    W6041 Badger Rd, Elkhart Lake, WI 53020

    Value Estimation by Request
    39.30 AC lot
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    Elkhart Lake, WI Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Elkhart Lake, WI on our real estate platform.

    Sale prices for residential income 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

    Multifamily properties 2
    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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    Most Searched ZIP Codes in Elkhart Lake, WI

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