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Sold for $306,000 on 02/24/23
  • $306,000

    3160 Nine Mile Rd, Eagle River, WI 54521

    8beds
    2,630sqft
    Quadruplex, Multi Family
    Built in ----
    -- sqft lot
    $396,200 Zestimate®
    $116/sqft
    $1,348 Estimated rent

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    $1,348/mo

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    $1,348/mo

    Rent Zestimate®

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    $1,794/mo

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    $1,794/mo

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    What's special

    NINE MILE RD. FOURPLEX - Great investment opportunity!! This compound could be used as a family retreat, rentals, or your business. Sitting on 2.58 acres in a beautiful, wooded country setting. All of the buildings are in good condition: The 3BR home has a new metal roof, full basement with a walkout, and a attached 2 car garage; the1BR, year-round cabin also has a basement; and upper and lower 2 bedroom 1 bath duplex units; and a 48' x 62' garage/workshop/storage building with heat and water, and the exterior stalls will allow for more storage or boat rentals (currently it is renting for only $200/month). The financials are outstanding with 97% occupancy rate, a total gross rental income of $40,800, net income of $27,096, and 8.5 cap rate! Close to the Eagle River Chain of Lakes and many other boating and fishing opportunities, national forest lands are just down the road for the outdoor enthusiast to enjoy. It is only 9 minutes to Eagle River.

    Zillow last checked: 8 hours ago

    Listing updated: July 09, 2025 at 04:22pm

    Listed by:

    KEN BIEGEL 715-482-7886,

    RE/MAX PROPERTY PROS,

    T.D. BIEGEL 715-525-1793,

    RE/MAX PROPERTY PROS

    Bought with:

    RENEE & CHAD RASMUSSEN TEAM

    REDMAN REALTY GROUP, LLC

    Source: GNMLS,MLS#: 199966MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Bedroom
    • Level: Basement
    • Dimensions: 11'6x8'6
    Bedroom
    • Level: First
    • Dimensions: 10x10
    Bedroom
    • Level: Second
    • Dimensions: 9x9
    Dining room
    • Level: First
    • Dimensions: 15'6x8'6
    Entry foyer
    • Level: First
    • Dimensions: 7'6x7'6
    Entry foyer
    • Level: Second
    • Dimensions: 5x4'6
    Kitchen
    • Level: Third
    • Dimensions: 12x9
    Kitchen
    • Level: Basement
    • Dimensions: 8x4
    Kitchen
    • Level: First
    • Dimensions: 11x8
    Kitchen
    • Level: Second
    • Dimensions: 12x9
    Living room
    • Level: First
    • Dimensions: 15'6x13
    Living room
    • Level: Basement
    • Dimensions: 12x11
    Living room
    • Level: Second
    • Dimensions: 13x9
    Living room
    • Level: Third
    • Dimensions: 13'6x9
    Porch
    • Level: First
    • Dimensions: 23'6x6'6
    Heating
    • Electric, Forced Air, Propane, Wall Furnace
    Appliances
    • Included: Dishwasher, Electric Water Heater, Propane Water Heater, Range, Refrigerator, Water Purifier
    Features
    • Pull Down Attic Stairs
    • Flooring: Mixed
    • Basement: Partial,Partially Finished
    • Attic: Pull Down Stairs
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 2,630
    • Total interior livable area: 2,630 sqft
    • Finished area above ground: 2,630
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached, Four Car Garage, Four or more Spaces, Garage, Two Car Garage
    • Garage spaces: 2
    Features
    • Patio & porch: Deck, Open
    • Exterior features: Out Building(s), Propane Tank - Owned
    • Frontage length: 0,0
    Lot
    • Size: 2.58 Acres
    • Features: Private, Rural Lot, Secluded, Wooded
    Details
    • Additional structures: Outbuilding
    • Parcel number: 262770
    • Zoning description: Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Quadruplex, Multi Family
    • Attached to another structure: Yes
    Materials
    • Frame, Log, Wood Siding
    • Foundation: Block
    • Roof: Composition,Shingle

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: County Septic Maintenance Program - Yes, Conventional Sewer
    • Water: Drilled Well

    Community & neighborhood

    Community
    • Community features: Shopping
    Location
    • Region: Eagle River

    Other

    Other facts
    • Ownership: Fee Simple