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    Washburn, WI
    Residential Income

    Washburn, WI Residential Income Properties for Sale

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    Ashland, WI Bayfield, WI Mason, WI Cornucopia, WI Herbster, WI La Pointe, WI Port Wing, WI Iron River, WI
    Mixed-Use Retail and Apartments
    Updated: May 18
    Mixed-Use Retail and Apartments

    324 W Bayfield St, Washburn, WI 54891

    $329,000
    4,156 sqft 0.24 AC lot
    Fully occupied mixed‑use building with commercial storefront and two upper‑level apartments generating residential rental income
    2,130 SF main‑floor commercial storefront plus two apartments totaling 1,460 SF (625 SF and 835 SF)
    Rear apartment includes Lake Superior views
    Building built in 1920 with central air cooling and radiant heating using oil and natural gas
    Metal roof, newer boiler, and full walk‑out basement
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    Mixed-Use Investment Building
    Updated: May 21
    Mixed-Use Investment Building

    324 W Bayfield St, Washburn, WI 54891

    $329,000
    4,079 sqft 0.24 AC lot
    Fully occupied mixed‑use property with 2,130 SF commercial storefront plus two leased upper apartments
    Back unit offers Lake Superior views
    Downtown Washburn location near the waterfront on Bayfield Street
    Live‑work zoning permits owner occupancy
    Metal roof; newer boiler; full basement; off‑street parking
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    Live-Work Mixed-Use Building
    Live-Work Mixed-Use Building

    324 W Bayfield St, Washburn, WI 54891

    $329,000

    Fully occupied mixed-use property with a street-level storefront and two upper apartments plus off-street parking.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Corner Duplex with Detached Garage
    Corner Duplex with Detached Garage

    503 W 3rd St, Washburn, WI 54891

    Contact for pricing

    Duplex on a corner lot with a detached 2-car garage, currently occupied by long-term tenants.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Washburn, 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.

    Mixed-Use Building with Retail Storefronts
    Mixed-Use Building with Retail Storefronts

    210 Main St W, Ashland, WI 54806

    $2,775,000
    35,078 sqft 0.48 AC lot

    37-unit mixed-use property with five main-level storefront spaces and 32 apartments above, plus coin-operated laundry on each floor.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    68246 County Hwy H, Iron River, WI 54847

    $359,900
    2,576 sqft 0.28 AC lot

    Two renovated homes on one parcel, including hot tub deck space and a second unit with deck patio and fire pit.

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    Mixed-Use Apartment and Retail Building
    Mixed-Use Apartment and Retail Building

    210 MAIN ST W, Ashland, WI 54806

    Contact for pricing
    35,078 sqft

    37-unit building with five main-level storefronts and coin laundry on every floor.

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    Two-Home Duplex with Decks
    Two-Home Duplex with Decks

    68246 County Hwy H, Iron River, WI 54847

    $359,900

    Two residences on one parcel, including a 3BD/2BA home with deck and hot tub area and a renovated 2BD/2BA home.

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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.

    Long Lake Waterfront Lots Available
    Long Lake Waterfront Lots Available

    Lot 22-23 East Long Lake, Iron River, WI 54847

    $129,000
    0.69 AC lot

    Two lake lots totaling 0.69 acres with beach access.

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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.

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    Wooded Northwoods Land Lot
    Wooded Northwoods Land Lot

    TBD Lot #4 Tressel Trail lot: #4, Iron River, WI 54847

    $63,000
    5.04 AC lot

    A 5-acre wooded lot with power available and high-ground building areas, suited for a home or cabin site.

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    Off-Market Properties in Washburn, WI

    Consider similar Off-Market properties in Washburn, 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.

    Bigelow St
    Land

    0 Bigelow St, Washburn, WI 54891

    Value Estimation by Request
    0.77 AC lot
    View details

    Washburn, WI Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in Washburn, WI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 8,235 square feet of properties for sale, with an estimated market value of $987,000.

    Sale prices for residential income properties in Washburn, WI average $329,000 — 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 4
    Duplexes 3
    Triplexes 1

    Demographics Overview

    Population 3,327
    Population Growth (5Y) +0.3%
    Median Household Income $70,298
    College Educated 57.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    54891 $329K

    Taxes & Financing

    Tax Rate (average for all types) 1.54%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Bayfield County

    New Delisted

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