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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

    $379,000
    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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    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 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.

    Remodeled Duplex
    Remodeled Duplex

    308 Illinois St, Eagle River, WI 54521

    $229,900
    1,152 sqft

    Two mirror-image units offer one-bedroom, one-bath layouts, with the front unit remodeled.

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    Duplex with Private Sauna
    Duplex with Private Sauna

    111 Little Deer Road, Iron River, MI 49935

    $279,900
    2,000 sqft 0.40 AC lot

    Dual-unit chalet with decks, fireplaces, multiple bedrooms, and a shared outdoor hot tub near Ski Brule.

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    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
    Remodeled Bar and Supper Club
    Remodeled Bar and Supper Club

    3310 Hwy 70 East, Eagle River, WI 54521

    Contact for pricing

    Hospitality property with two additional residences and a separate pole barn for winter boat storage.

    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.

    Buildable Lake Area Land with Pole Building
    Buildable Lake Area Land with Pole Building

    1402 Kentuck Lake Landing Road, Phelps, WI 54554

    $259,000
    5.39 AC lot

    Buildable parcel with a 64-by-40 pole building featuring a 12-by-12 overhead door and concrete floor.

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

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

    $139,900
    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

    $30,500
    3.07 AC lot

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

    View details
    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

    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 income properties in Phelps, WI start at $379,000, averaging $614,000, 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 $614K

    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

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