403 W Saint George Avenue, Grantsburg, WI 54840 (MLS# 7123125)

403 W Saint George Avenue, Grantsburg, WI 54840

$650,000
Property Type: Commercial Lot Size (sq. ft.): 374,616 Status: Active
Current Price: $650,000 List Date: 8/08/2026 Last Modified: 8/15/2026

Overview

Description

Investors—this one is ready to go! This cash-flowing 8-unit apartment building has had over $125,000 in recent improvements, including four completely renovated units and increased rents. With strong rental income, a solid tenant base, and major updates already completed, this is a great opportunity to step into a well-performing property without taking on a big renovation project. There’s also potential for additional income through storage and other opportunities. Whether you're looking to add to your portfolio or jump into a solid investment property, this one is worth a look. Don’t miss out!

Listing Details MLS# 7123125

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Other Parking Spaces
12
Owner Occupied
No
Waterfront YN
No
Year Built
1962
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
5539
For Sale or Lease
For Sale
Acres
8.6
Lot Dimensions
187x200
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: None Appliances: Range; Refrigerator Basement: Concrete Block CMU Style: Apartments/Multi Family Construction Materials: Block Construction Status: Previously Owned Current Use: Residential Exterior: Vinyl Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Lot Description: Corner Lot On Site Utilities: Electric Separate; Hot Water Common Owner Pays: Lawn; Lawn; Snow Removal Parking Characteristics: Paved Lot Rent Rate per Foot: Gross Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
650000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
403
Street Direction Prefix
W
Street Name
Saint George
Street Suffix
Avenue
Postal City
Grantsburg
County
Burnett
State
WI
Zip Code
54840

Additional Parcels Information

Property ID #2
131260067900

Assessments

Tax With Assessments
5378

More Information

Building Information

Building Finished SqFt
5539

Income and Expenses

Annual Fuel Expense
3600
Annual Gross Expenses
18898
Annual Gross Income
78900
Annual Insurance Expense
2700
Annual Net Income
60000
Annual Water/Sewer Expense
3400

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
19W
Section#
15
Township#
38

Sale Options

Sale Includes
Building

Unit 1

No. of 1 Bedroom Units
7

Unit 2

No. of 2 Bedroom Units
Yes

Unit Details

Total Units
8
IDX
Listing Office: RE/MAX Synergy
Last Updated: August - 15 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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