Residential Income

Mellen, WI Residential Income Properties for Sale

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

111-113 E Bennett Avenue, Mellen, WI 54546

$250,000
4,264 sqft 0.05 AC lot
Four apartment units with one- and two‑bedroom layouts
4,264 square feet on 0.0546 acres
All units occupied at listing with yearly leases
Built in 1905 with a basement and forced‑air heating
Public water and public sewer
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Mixed-Use Building with Apartments
Updated: Jun 19
Mixed-Use Building with Apartments

115-117 E Bennett Avenue, Mellen, WI 54546

$250,000
3,744 sqft 0.05 AC lot
3,744 SF mixed‑use building with a thrift store and 2 apartments
Built in 1905 with brick, cement siding, and wood siding
0.0546‑acre parcel in historic downtown Mellen
Forced‑air heating and basement
Public water and public sewer
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Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

119-121 E Bennett Avenue, Mellen, WI 54546

$275,000
3,588 sqft 0.05 AC lot

Mixed-use property combines a post office with residential units above.

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3 active listings match your search: Residential Income for sale in Mellen, WI. Based on your search, we've also compiled 7 Potential Opportunities for your consideration: 4 properties in nearby cities and 3 land listings with development potential.

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

Commercially zoned property with multiple bedrooms, kitchens, and living areas.

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21-Unit Multifamily Portfolio
21-Unit Multifamily Portfolio

246 Ashland Court, Ironwood, MI 49938

$975,000
1.73 AC lot

The package combines a brick apartment building, three duplexes, and garage rentals along one street.

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Duplex with On-Site Laundry
Duplex with On-Site Laundry

609 10th Ave W, Ashland, WI 54806

Contact for pricing

The two-bedroom, one-bath residence includes on-site laundry and off-street parking.

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Two-Bedroom Residential Income Property
Two-Bedroom Residential Income Property

323 14th Ave W, Ashland, WI 54806

Contact for pricing

The available residence includes one bathroom and dates to 1900.

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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.

Lake Superior Waterfront Land
Lake Superior Waterfront Land

17 AC ON LAKE RD, Ironwood, MI 49938

$300,000
17.00 AC lot

Level lakefront acreage with natural surroundings, driveway access, and expansive Lake Superior views.

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Park Falls Land For Sale
Park Falls Land For Sale

ON S 9TH AVE, Park Falls, WI 54552

Contact for pricing
0.29 AC lot

Double lot near recreational trail in Park Falls, Wisconsin.

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Waterfront Land on Spider Chain
Waterfront Land on Spider Chain

South Road lot: 1 & Lot 2, Hayward, WI 54843

$426,550
2.13 AC lot

Two wooded lots with lake frontage on Big Spider Lake.

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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 investment 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
Duplexes 1
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%

Listings Trend

New vs delisted commercial listings in Ashland County

New Delisted

Total CRE Inventory on Market (SF)

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