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    Phelps, WI
    Residential Income

    Phelps, WI Residential Income Properties for Sale

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    Conover, WI Eagle River, WI Stambaugh, MI Land O Lakes, WI Watersmeet, MI Three Lakes, WI Long Lake, WI Plum Lake, WI
    Four-Bedroom Short-Term Rental Home
    Updated: Jul 16
    Four-Bedroom Short-Term Rental Home

    3302 GARRISON LN, Phelps, WI 54554

    $299,000
    3.02 AC lot
    Four‑bedroom, three‑bath home on 3.02 acres
    Septic system approved for a 6‑bedroom capacity
    Established short‑term rental history
    Near area lakes and trail systems
    Forced‑air natural gas heating
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    Furnished Waterfront Rental Portfolio
    Updated: Jul 28
    Furnished Waterfront Rental Portfolio

    2560 MILLERVILLE RD, Phelps, WI 54554

    $849,000
    0.75 AC lot
    Three fully furnished waterfront condominium homes offered together
    Combined configuration of 6 bedrooms and 4 bathrooms
    0.75 acres with frontage on 2,788‑acre North Twin Lake
    Each residence has its own tax parcel within one condominium declaration
    5,000‑lb. power boat lift with solar charger plus two additional dock sections
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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Phelps, 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.

    Multifamily Property with Detached Shop
    Multifamily Property with Detached Shop

    3160 NINE MILE RD, Eagle River, WI 54521

    $465,000
    2.58 AC lot

    Four residential units include a main home, a cabin, and a two-level duplex, with a separate garage and shop on site.

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    Duplex Chalet Near Ski Brule
    Duplex Chalet Near Ski Brule

    111 Little Deer Road, Iron River, MI 49935

    $279,900
    2,000 sqft

    Two separate living areas offer flexible personal or rental use near Ski Brule.

    View details
    Renovated Duplex with Detached Garage
    Renovated Duplex with Detached Garage

    112 Little Deer Road, Iron River, MI 49935

    $369,900
    2,373 sqft

    Two residential units combine updated interiors with private outdoor amenities and supplemental storage capacity.

    View details
    CommercialSale, Eagle River, WI
    CommercialSale, Eagle River, WI

    837 RAILROAD ST N, Eagle River, WI 54521

    $550,000
    0.98 AC lot

    Commercial land · 0.98 Acres

    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.

    Lakefront Land with 187' of Frontage
    Lakefront Land with 187' of Frontage

    W Tamarack Lake Road lot: 5, Watersmeet, MI 49969

    $135,000
    1.91 AC lot

    Lakefront lot on Tamarack Lake featuring 187 feet of frontage, on a private road with electricity at the entrance.

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    Wooded Land Near Tamarack Lake
    Wooded Land Near Tamarack Lake

    W Tamarack Lake Road lot: 7, Watersmeet, MI 49969

    Contact for pricing
    3.07 AC lot

    3+ acre wooded parcel near Tamarack Lake in Watersmeet, MI.

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    Waterfront Recreational Land
    Waterfront Recreational Land

    Elizabeth Lane lot: 9, Iron River, MI 49935

    $75,000
    4.35 AC lot

    Wooded lakeside parcel adjoining Ottawa National Forest with access to a private lake setting.

    View details
    Waterfront Land with Creek Frontage
    Waterfront Land with Creek Frontage

    5800 Wolf Lake Road, Watersmeet, MI 49969

    $748,000
    51.00 AC lot

    Wooded inland lake acreage with direct water access, wetlands, forest cover, underground power, and equipment storage buildings.

    View details

    Phelps, WI Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Phelps, WI on our real estate platform.

    Sale prices for residential investment properties in Phelps, WI start at $299,000, averaging $574,000, and reaching up to $849,000 — 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
    Short term rental properties 2

    Demographics Overview

    Population 1,099
    Population Growth (5Y) +14.5%
    Median Household Income $58,478
    College Educated 25.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    54554 $584K

    Taxes & Financing

    Tax Rate (average for all types) 1.08%
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Vilas County

    New Delisted

    How Realmo verifies these figures

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