209 E Park St, Rhinelander, WI 54501
Property image
Property image
FOR SALE

$295,000

Original price: $305,000
  • 5 Beds
  • 4 Baths
  • 2,486 sqft

209 E Park St, Rhinelander, WI 54501

Est. Mortgage $1,898/mo*
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Home Highlights

Multi-Family
$119/sqft

Local Information

  • Map ViewExplore the area around 209 E Park St.
  • Schools2 Preschool Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Turnkey multifamily investment delivering reliable income with refined upside potential. This well maintained four-unit property offers immediate cash flow and long term value for the discerning investor. Units 1 and 3 are positioned on the main level, while units 2 and 4 are located above, creating a functional and balanced layout. All units are currently leased, ensuring a stable revenue stream from day one. Most floor plans feature efficient open-concept living, seamlessly blending kitchen, dining, and living spaces for modern appeal. Utilities including: gas, electric, water, and garbage are presently owner paid, as units are not separately metered. Gross monthly rent roll: $2,140.00. Rents are currently in process of a positive price adjustment. A polished and dependable addition to any investment portfolio—schedule your private showing today.
Last check for updates: about 7 hours ago
Listing courtesy of LUKE DURKEE, (715) 493-3179
TWENTY-TWO RE LLC
Source: GNMLS, MLS#216869
Also Listed on GNMLS.

Home Details for 209 E Park St

Interior Features

Interior Details
Number of Rooms: 14Types of Rooms: Bedroom, Bathroom, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 4Number of Bathrooms (full): 4
Dimensions and Layout
Living Area: 2486 Square Feet
Appliances & Utilities
Appliances: Electric Water Heater, Gas Water Heater
Heating & Cooling
Heating: Forced Air,Natural GasHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneNo Fireplace
Levels, Entrance, & Accessibility
Stories: 2Levels: Two

Exterior Features

Exterior Home Features
Roof: Composition ShingleFoundation: Block, Stone
Parking & Garage
No GarageNo Attached GarageParking: No Garage
Frontage
Road Frontage: City StreetNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Frontage Length: 0, 0
Finished Area
Finished Area (above surface): 2486 Square Feet

Days on Market

Days on Market: 138

Property Information

Property Type / Style
Property Type: ResidentialProperty Subtype: Quadruplex, Multi FamilyArchitecture: Two Story
Building
Construction Materials: FrameAttached To Another Structure
Property Information
Parcel Number: 2760103160000

Price & Status

Price
List Price: $295,000Price Per Sqft: $119
Status Change & Dates
Possession Timing: Closing

Active Status

MLS Status: Active

Location

Direction & Address
City: RhinelanderCommunity: 1st Add

Agent Information

Listing Agent
Listing ID: 216869

Building

Building Area
Building Area: 2486 Square Feet

Lot Information

Lot Area: 9714 sqft

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 216869Living Area Range Units: Square FeetAttic: Crawl SpaceAbove Grade Unfinished Area: 2486Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-55085-N-2760103160000-R-N

Additional Information

Days On Market Replication: 117

Around this home

What Locals Say about Rhinelander

At least 67 Trulia users voted on each feature.

  • 94 % Say yards are well-kept

  • 91 % Say it's dog friendly

  • 89 % Say car is needed

  • 88 % Say there's wildlife

  • 86 % Say parking is easy

  • 72 % Say people would walk alone at night

  • 70 % Say there's holiday spirit

  • 63 % Say kids play outside

  • 62 % Say it's walkable to grocery stores

  • 58 % Say neighbors are friendly

  • 54 % Say it's walkable to restaurants

  • 54 % Say it's quiet

  • 49 % Say there are sidewalks

  • 48 % Say streets are well-lit

  • 45 % Say they plan to stay for at least 5 years

  • 16 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Mary King
    "I think there are great parks and a small town environment."
    0
    Flag
  • Mary King
    "There are no community events in this neighborhood."
    0
    Flag
  • Dan Jon Voss
    "People are friendly and will care about you if needed for something. Great place to raise a family. Lots of recreation opportunities."
    0
    Flag
  • Davidbeth21476
    "Family friendly place. Activities available every season. Safe feeling always. Neighbors helping Neighbors. "
    2
    Flag
  • Mary
    "Recreation in the Northwoods and the beauty and serenity of the area is unsurpassable. Friendly people and low crime."
    1
    Flag
  • Madison S.
    "small town feel with lakes parks & bigger stores but also woods and farms as well. its a great place to raise a family, safe & a blast in the summer! winters are tough though and a definite adjustment when moving here! "
    5
    Flag
  • Nicole D.
    "safe neighborhood for kids and quiet despite it being so close to town. has the small town feel along with being close to stores and shops only a few blocks away. and very close to the school district."
    0
    Flag
  • Gftrickey
    "I live in Rhinelander, but out just enough to be in the country....deer, turkey and bear walking thru the yard, but 5 minutes from Walmart! The best of both worlds!!"
    8
    Flag
  • 54501
    "There is a paper mill in Rhinelander. The mill releases pollution and about once a month I have a serious respiratory event when the air plume drifts towards my residence. The city has very low crime. Pet waste is a problem. Pet owners are not very good at cleaning up after their dogs. The medical facilities are good. There is an organic Food market which just expanded and offers meats, produce etc. which is locally grown. The surface of many streets here are in need of repair and have been patched excessively. The city needs a new water well and other major infrastructure renovations. The city does not allow small businesses to operate from home on the internet even though the State of WI allows it with a sellers permit for $10. All business activity must be in a commercial zone. The city has super services for senior citizens. There is a senior bus, and special low rate for cabs.($3) a ride. There are several senior programs to help the geriatric population remain at home ; Meals on wheels, and recreation at the Senior Center. It is a terrible landscape for biking. There are many steep hills and the bike trails are not trails at all. Bike paths are on busy streets until they reach a park setting. "
    20
    Flag
  • Fdais2000
    "I have lived here for quite some time."
    1
    Flag
  • dellsnut
    "Small lake with no public access....very quiet I have lived here for 11 yrs couldn't be in a nicer area if you are wanting the real northwoods experience. Love the Eagles!"
    0
    Flag

Market trends in Rhinelander

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$265K
$9.58KMoM
Sale-to-List Price
—
Price per sq ft
$181
$9MoM
Available listings
74
6MoM

Home Value

Trulia Estimate
$286K
Since last month
Increased$900 (+0.3%)
Since last year
Increased$86K (+42.9%)
Since last sale
Increased$139K (+94.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +89% in the last 10 years
MonthEstimated value
2026
September 2026$286K
August 2026$285K
July 2026$286K
June 2026$289K
May 2026$294K
April 2026$213K
March 2026$204K
February 2026$197K
January 2026$205K
2025
2024
2023

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
127 E Anderson St, Rhinelander, WI
0.14
Multi-Family Home
$130,000
11/07/25
3
2
1,845
409 Dahl St, Rhinelander, WI
0.51
Multi-Family Home
$265,000
09/02/26
4
2
2,139
909 Arbutus St, Rhinelander, WI
0.29
Multi-Family Home
$42,000
11/24/25
3
2
1,200
628 Thayer St, Rhinelander, WI
0.89
Multi-Family Home
$55,500
06/18/26
4
2
1,834
200 Westhill Rd, Rhinelander, WI
1.21
Multi-Family Home
$319,500
08/26/26
4
2
1,750
1419 Upland Ave, Rhinelander, WI
1.50
Multi-Family Home
$147,000
12/18/25
4
2
1,607
4567-69 Jamie Ct, Rhinelander, WI
3.48
Multi-Family Home
$293,000
04/13/26
6
2
2,436
4152 Satuit Ln, Rhinelander, WI
4.01
Multi-Family Home
$325,000
10/21/25
6
4
4,292

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
413 Conro St, Rhinelander, WI 54501
0.03
$193,500
3
1
1,299
Off Market
426-428 Conro St, Rhinelander, WI 54501
0.05
$228,900
5
2.5
2,173
Off Market
420 Conro St, Rhinelander, WI 54501
0.05
$135,100
2
1
936
Off Market
106 Randall Ave, Rhinelander, WI 54501
0.04
$222,800
3
2
1,260
Off Market
110 Randall Ave, Rhinelander, WI 54501
0.04
$195,800
4
1
1,638
Off Market
116 Randall Ave, Rhinelander, WI 54501
0.05
$159,800
2
1
1,080
Off Market
21 E Keenan St, Rhinelander, WI 54501
0.07
$152,700
3
1.5
1,400
Off Market
117 Randall Ave, Rhinelander, WI 54501
0.05
$228,100
4
2
-
Off Market
107 Randall Ave, Rhinelander, WI 54501
0.06
$170,100
2
1
1,230
Off Market
612 Dorr Ave, Rhinelander, WI 54501
0.05
$197,100
3
1.5
1,580
Off Market
134 Randall Ave, Rhinelander, WI 54501
0.05
$186,200
2
2
1,177
Off Market

Price and Tax history

DateEventPrice
Aug 31, 2026
Source: GNMLS #216869
PriceChange
$295,000
Price decreased by 3%
May 6, 2026
Source: GNMLS #216869
Listed For Sale
$305,000
Sep 15, 2022
Source: GNMLS #198230
Sold
$147,000
Aug 1, 2022
Source: GNMLS #198230
Contingent
$140,000
Jul 31, 2022
Source: GNMLS #198230
Listed For Sale
$140,000

LGBTQ Local Legal Protections

LUKE DURKEE, TWENTY-TWO RE LLC
Agent Phone: (715) 493-3179
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Frequently asked questions about 209 E Park St

  • What is the estimated monthly payment for 209 E Park St?
    Based on a $295,000 list price with 20% down at today's rates, the estimated monthly payment for 209 E Park St in Rhinelander, WI is approximately $1,913 (about $1,607 principal & interest, $231 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 209 E Park St compare to homes in Rhinelander?
    209 E Park St in Rhinelander, WI is listed at $295,000, about 11% above the $265K median sale price in Rhinelander.
  • What do residents say about Rhinelander?
    Residents describe Rhinelander, WI as well-kept, dog-friendly, and easy to park in. Most residents say you need a car. See homes for sale in Rhinelander, WI.
  • What are the closest schools to 209 E Park St?
    The closest schools to 209 E Park St in Rhinelander, WI are Central Elementary School (Pre-K, rated 6/10), Crescent Elementary School (Pre-K, rated 4/10), James Williams Middle School (rated 5/10).
209 E Park St, Rhinelander, WI 54501 is a 5 bedroom, 4 bathroom, 2,486 sqft multi-family. This property is currently available for sale and was listed by GNMLS on May 6, 2026. The MLS # for this home is MLS# 216869.