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.
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
$397,500 Zestimate®
$116/sqft
$1,433 Estimated rent
Home value
$397,500
$358,000 - $441,000
$1,433/mo
Zestimate® history
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What's special
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#: 199966
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
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2023 | Sold | $306,000-4.1%$116/sqft |
Source:  GNMLS #199966 Report a problem | ||
| 1/12/2023 | Pending sale | $319,000$121/sqft |
Source:  RE/MAX International #199966 Report a problem | ||
| 1/11/2023 | Contingent | $319,000$121/sqft |
Source: GNMLS #199966 Report a problem | ||
| 12/7/2022 | Price change | $319,000-5.9%$121/sqft |
Source: GNMLS #199966 Report a problem | ||
| 10/25/2022 | Price change | $339,000-2.9%$129/sqft |
Source: GNMLS #195773 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,663 -15.4% | $307,200 |
| 2023 | $1,967 -19.2% | $307,200 +34.1% |
| 2022 | $2,434 +3.2% | $229,100 |
Find assessor info on the county website
Neighborhood: 54521
Nearby schools
GreatSchools rating
- 5/10Northland Pines Elementary-Eagle RiverGrades: PK-6Distance: 5.5 mi
- 5/10Northland Pines Middle SchoolGrades: 7-8Distance: 5.4 mi
- 8/10Northland Pines High SchoolGrades: 9-12Distance: 5.4 mi
Schools provided by the listing agent
- Elementary: VI Northland Pines-ER
- Middle: VI Northland Pines
- High: VI Northland Pines
Source: GNMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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