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1787 108th Street, Balsam Lake, WI 54810

New Listing

$449,900

Property Type: Multi-Family Bedrooms: 6 Baths: 3 Square Footage: 2,016 Lot Size (sq. ft.): 132,422 Status: Active

Current Price: $449,900 List Date: 7/17/2026 Last Modified: 7/20/2026

Overview

Description

Rare opportunity to own three separate single family homes on one parcel no shared walls, no shared headaches. Each unit offers 2 bedrooms, 1 bathroom, and approximately 672 sq ft of updated living space, making this an ideal setup for investors or owner-occupants looking to offset their mortgage. All three homes have been extensively updated during current ownership, including new flooring throughout, updated windows and doors (2026), new washer and dryer in each unit, and a new well pump (2026). Property also features a new water filtration system serving the homes. All units are electric for simplified utility management. Strong, consistent income with minimal vacancy. Each unit rents for $1,350/month plus $50/month per pet, generating over $48,000 annually in gross revenue. Situated on 3 acres, the property offers additional space and potential for future expansion or added amenities. Whether you’re looking to expand your portfolio with a low maintenance asset or live in one unit ... (Read more)

Listing Details MLS# 7099596

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 2000
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Main Floor Total SqFt: 2016
Above Ground SqFt: 2016
Total SqFt: 2016
Foundation Size: 672
Style: (MF) Triplex
Total Finished Sqft: 2016.00
Lot Dimensions: 3.04
Acres: 3.04
Assessment Pending: No
Below Grd Total SqFt: 0
Garage Stalls: 0

Property Features

Accessible: None Basement: None Construction Materials: Concrete; Frame Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Stucco Fencing: None Foundation: Slab Fuel: Electric Heating: Baseboard Internet Options: Fiber Optic Laundry: Electric Dryer Hookup; In Unit; Laundry Closet; Washer Hookup Owner Pays: All Utilities; Electricity; Insurance; Lawn; Repairs; Sewer; Snow Removal; Trash Collection; Water Parking Characteristics: Uncovered/Open Road Frontage: County Road Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: Holding Tank; Private Sewer Stories: One Tenant Pays: Broadband; Cable TV Unit 1 Amenities: Ceiling Fan(s); Vaulted Ceiling(s); Washer/Dryer Hookup Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer; Water Filtration System Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Ductless Mini-Split; Window Unit 1 Family Room Characteristics: Main Level Unit 1 Fireplace Char: Electric Unit 1 Special Search: Main Floor Bedroom; All Living Fac. on One Level; Main Floor Laundry Water: Private; Well

Contract Information

Contingency: None
Original List Price: 449900
ListPrice: 449900
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 1787
Street Name: 108th
Street Suffix: Street
Postal City: Balsam Lake
County: Polk
State: WI
Zip Code: 54810

Assessments

Assessment Balance: 2623
Tax With Assessments: 2623

Basement

Foundation Dimensions: 28x24
None: Yes

More Information

Building Information

Finished SqFt Above Ground: 2016

Income and Expenses

Annual Electric Expense: 7381
Annual Gross Income: 48650
Annual Insurance Expense: 2068
Annual Maintenance Expense: 2497
Annual Net Income: 30186
Annual Trash Expense: 915
Annual Water/Sewer Expense: 1320
Annual Caretaker Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Repair Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 16W
Section#: 05
Township#: 34N

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
# of Fireplaces: Yes
Annual Rent: 16200
Finished SqFt: 672
Full Baths: Yes
Monthly Rent: 1350
No. of Units Like This: 3
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 3

Office/Member Info

Association: WWRA

Location, Tax and Other Information

Legal Description: PCL IN GOV LOT 1 DESC AS COM AT NE COR OF PCL 1 CSM V1/51 N 30' TO POB, TH CONT. 729' TO S RD ROW, W 180', S 729', TH E APPROX 180' TO POB
Listing City: Balsam Lake
Map Page: 999
Municipality: Apple River Twp
School District: Unity
School District Phone: 715-825-3515
Zip Plus 4: 1618
Property ID Number: 004001250001
Tax Year: 2025
Tax Amount: 2623
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Rare opportunity to own three separate single family homes on one parcel no shared walls, no shared headaches. Each unit offers 2 bedrooms, 1 bathroom, and approximately 672 sq ft of updated living space, making this an ideal setup for investors or owner-occupants looking to offset their mortgage. All three homes have been extensively updated during current ownership, including new flooring throughout, updated windows and doors (2026), new washer and dryer in each unit, and a new well pump (2026). Property also features a new water filtration system serving the homes. All units are electric for simplified utility management. Strong, consistent income with minimal vacancy. Each unit rents for $1,350/month plus $50/month per pet, generating over $48,000 annually in gross revenue. Situated on 3 acres, the property offers additional space and potential for future expansion or added amenities. Whether you’re looking to expand your portfolio with a low maintenance asset or live in one unit while the others pay your mortgage, this is a clean, income-producing property with built-in upside.
Directions: From HWY 8, Head north on 100th St., turn left on on 175th Ave., right on 108th St.(Cty Rd. I), property is on the left

Accessible

None: Yes

Construction Materials

Concrete: Yes
Frame: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Stucco: Yes

Fencing

None: Yes

Foundation

Slab: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Internet Options

Fiber Optic: Yes

Laundry

Electric Dryer Hookup: Yes
In Unit: Yes
Laundry Closet: Yes
Washer Hookup: Yes

Owner Pays

All Utilities: Yes
Electricity: Yes
Insurance: Yes
Lawn: Yes
Repairs: Yes
Sewer: Yes
Snow Removal: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Uncovered/Open: Yes

Patio, Porch and Deck Features

Patio: Yes

Road Frontage

County Road: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Asphalt Shingles: Yes

Sewer

Holding Tank: Yes
Private Sewer: Yes

Stories

One: Yes

Water

Private: Yes
Well: Yes

No. of Ranges

Three: Yes

No. of Refrigerators

Three: Yes

Tenant Pays

Broadband: Yes
Cable TV: Yes

Unit 1 Amenities

Ceiling Fan(s): Yes
Vaulted Ceiling(s): Yes
Washer/Dryer Hookup: Yes

Unit 1 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes
Water Filtration System: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Ductless Mini-Split: Yes
Window: Yes

Unit 1 Family Room Characteristics

Main Level: Yes

Unit 1 Fireplace Char

Electric: Yes

Unit 1 Special Search

Main Floor Bedroom: Yes
All Living Fac. on One Level: Yes
Main Floor Laundry: Yes

Listing Office: EXP Realty, LLC

Last Updated: July - 20 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.