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    Mellen, WI
    Residential Income

    Mellen, WI Residential Income Properties for Sale

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    Four-Unit Apartment Quadplex
    Updated: Jun 19
    Four-Unit Apartment Quadplex

    111-113 E Bennett Avenue, Mellen, WI 54546

    $250,000
    4,264 sqft 0.05 AC lot
    Four‑apartment building in Mellen’s downtown with a mix of 1‑bedroom and 2‑bedroom units
    All units are occupied by tenants with yearly leases (at the time of listing)
    Year built: 1905
    Public utilities: public water and public sewer
    Heating: forced air
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    Mixed-Use Building With Apartments
    Updated: Jun 19
    Mixed-Use Building With Apartments

    119-121 E Bennett Avenue, Mellen, WI 54546

    $275,000
    3,588 sqft 0.05 AC lot
    3,588‑square‑foot mixed‑use building
    Mellen Post Office occupies the commercial area
    Two apartments located above the post office
    Built in 1905
    Brick, vinyl siding, and wood siding construction
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    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    115-117 E Bennett Avenue, Mellen, WI 54546

    $250,000
    3,744 sqft 0.05 AC lot

    A thrift store occupies space alongside two apartments in a historic downtown building.

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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 3 Active listings in Mellen, 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.

    Historic Short-Term Rental Property
    Historic Short-Term Rental Property

    400 Silver Street, Ironwood, MI 49938

    $199,000
    2,862 sqft 0.15 AC lot

    Updated historic building with 7 bedrooms, multiple living areas, original tin details, and a fenced outdoor area.

    View details
    Brick Apartment Building with Garages
    Brick Apartment Building with Garages

    246 Ashland Court, Ironwood, MI 49938

    $1,285,000
    1.73 AC lot

    Portfolio investment featuring 21 rental units and 24 garages, anchored by a 15-unit brick apartment building.

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    Two-Story Duplex
    Two-Story Duplex

    221 Stuntz Ave, Ashland, WI 54806

    $69,000
    1,472 sqft

    Currently rented duplex with off-street parking, newer roof and siding, and interiors needing updates.

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    Three-Unit Rental Property
    Three-Unit Rental Property

    1015 6th St W, Ashland, WI 54806

    $190,000

    Three-unit multifamily with off-street parking and long-term tenants on month-to-month leases.

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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.

    Waterfront Residential Development Land
    Waterfront Residential Development Land

    44870 County Hwy D, Cable, WI 54821

    $415,000
    0.58 AC lot

    Lake Namakagon waterfront parcel with gently sloped frontage and an existing driveway permit.

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    Lake Superior Waterfront Land
    Lake Superior Waterfront Land

    17 AC ON LAKE RD, Ironwood, MI 49938

    $300,000
    17.00 AC lot

    17 acres with 419' frontage on Lake Superior.

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    Lake Superior Waterfront Land
    Lake Superior Waterfront Land

    20 AC ON LAKE RD, Ironwood, MI 49938

    $500,000
    20.00 AC lot

    20 acres with 733' frontage on Lake Superior.

    View details
    Wooded Land with Creek Frontage
    Wooded Land with Creek Frontage

    4074W WEBER RD, Mercer, WI 54547

    $75,000
    7.70 AC lot

    7.7-acre parcel with creek, utilities, and trail access.

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    Mellen, WI Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Mellen, WI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 11,596 square feet of properties for sale, with an estimated market value of $775,000.

    Sale prices for residential income properties in Mellen, WI start at $250,000, averaging $258,333, and reaching up to $275,000 — 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 3
    Quadplexes 1

    Demographics Overview

    Population 1,133
    Population Growth (5Y) -6.6%
    Median Household Income $66,667
    College Educated 23.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    54546 $258.3K

    Taxes & Financing

    Tax Rate (average for all types) 2.25%
    Tax Rate vs County Average 0.18 pp below county avg
    Average Loan-to-Value 65.0%

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