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Alexander Dempsey

alex@inter-state.realestate +1(715) 681-2879

Listed by Aiden Bachand RE/MAX Results

$450,000

Est. payment - /mo

5 Beds

5 Baths

3,485 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 3,485 sqft

Price per Sqft $129

MLS Listing ID LSA6125569

Bedrooms 5

HOA Y/N No

Year Built 2004

Annual Tax Amount $3,424

Tax Year 2025

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 25 x 140

Property Sub-Type Multi-Family 5+

Source lsar

Property Description

Located in the heart of downtown Ashland, this 6-unit mixed-use investment opportunity offers strong rental income potential with historically solid occupancy in one of Northern Wisconsin's most charming Lake Superior communities. The property features one commercial storefront on the main level along with five upper-level residential units, each offering 1 bedroom and 1 bathroom. Tenants pay electric separately for their own units, and each unit is individually zoned for boiler heat, providing added efficiency and management flexibility for ownership. Positioned along historic Main Street, tenants and visitors alike enjoy close proximity to Ashland's vibrant downtown district, local shops, restaurants, the Lake Superior waterfront, and the renowned Ashland Mural Walk. Whether you are looking to expand your investment portfolio or own a versatile income-producing property, this listing presents a great opportunity! Willing to sell individually or as a package with 210 Main Street.

Location

State WI

County Ashland County

Area Lsar

Direction Traveling Northeast on Hwy 2, take a right onto Vaughn Ave, travel one block and take a left onto Main Street. Building will be on the right hand side.

Rooms

Basement Full

Interior

Heating Boiler, Natural Gas

Appliance Range, Refrigerator

Laundry None

Exterior

Exterior Feature Deck

Parking Features Off Street, On Street, Common, Concrete

View Y/N No

Roof Type Flat,Rubber

Garage No

Building

Lot Description Zero Lot Line

Story 3

Foundation Stone

Sewer Public Sewer

Water City

Structure Type Brick

Schools

High Schools Ashland (Wi) #170

School District Ashland (Wi) #170

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Alexander Dempsey

+1(715) 681-2879

Team Lead

410 Main St W Ashland, WI 54806

Alexander Dempsey

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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