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Jeremy Ryan

jeremy@eliasonrealty.com +1(262) 308-5009

$ 465,000

Est. payment -/mo

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3160 NINE MILE RD Eagle River, WI 54521

8 Beds

4 Baths

2,264 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,264 sqft

Price per Sqft $205

MLS Listing ID 219855

Bedrooms 8

Full Baths 4

HOA Y/N No

Annual Tax Amount $1,843

Tax Year 2025

Lot Size 2.580 Acres

Acres 2.5800047

Property Sub-Type Multi Family

Property Description

Rare opportunity to own a versatile income-producing property with multiple rental units, residential living space & an impressive 2,880 sq ft garage/shop on 2.58 wooded acres near Eagle River! The property includes a 3BR/1BA main home with attached 2-car garage, separate 1BR/1BA cabin, 2-story duplex with 2BR/1BA units on each level & a substantial 48'x60' 2-story detached garage/shop. With three existing rental units in addition to the main home, this property offers an excellent opportunity for an investor or an owner-occupant looking to live on site while generating rental income from the remaining residences. Current rents are $775/mo for the cabin, $950/mo for the upper duplex & $850/mo for the lower duplex, with heat & snowplowing included. The cabin & each duplex unit are approx. 480 sq ft. The large detached garage/shop is partially heated & provides exceptional space for vehicles, boats, equipment, storage, hobbies or potential additional rental/income-producing use. The main home features new vinyl flooring, new stove & refrigerator, metal roof, full walkout unfinished basement & new furnace/central A/C in 2023. The cabin has a new furnace plus new basement furnace in 2025. Located along a paved town road with convenient access to Eagle River, area businesses, services & the Eagle River Chain of Lakes. Whether used primarily as an investment property or as a residence with supplemental rental income, this unique property offers multiple revenue streams, substantial garage/shop space & outstanding flexibility for future use.

Location

State WI

County Vilas

Direction Hwy 70 E to R on E Cranberry Lake Rd, L on E Bass Lake Rd, R on Nine Mile Rd to property on L.

Rooms

Other Rooms Living Quarters, Outbuilding

Interior

Heating Forced Air, Propane

Cooling Central Air

Flooring Carpet, Vinyl

Inclusions Real Estate Only

Fireplace No

Exterior

Water Access Desc Drilled Well,Other

Roof Type Composition,Metal,Shingle

Street Surface Paved

Road Frontage Town Road

Building

Lot Description Level, Private, Rolling Slope, Secluded, Wooded

Sewer Conventional Sewer, Other

Water Drilled Well, Other

Additional Building Living Quarters, Outbuilding

Others

Tax ID 26-2770

Ownership None

Listed by REDMAN REALTY GROUP, LLC

NEARBY SCHOOLS & PROPERTIES

Jeremy Ryan

Agent

+1(262) 308-5009

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