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585 S Wasson Lane, River Falls, WI 54022

$330,000

Property Type: Multi-Family Bedrooms: 6 Baths: 3 Square Footage: 3,343 Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $330,000 List Date: 6/09/2026 Last Modified: 7/15/2026

Overview

Description

INVESTMENT OPPORTUNITY! This well maintained duplex is vacant & ready for immediate occupancy, making it ideal for an owner occupant or investor. Conveniently located just minutes from the bypass, UWRF & CVTC Colleges this property offers a highly desirable location. Numerous updates have been completed, including windows, boiler, water heater, appliances & more. The spacious main/lower unit features 4+ bdrms, 2 baths, & washer/dryer, while the upper unit offers 2 bdrms & 1 bath. Both units are move-in ready and provide excellent rental or owner-occupied potential. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this solid property checks all the boxes. Don't miss this opportunity—schedule your showing and run the numbers today!

Listing Details MLS# 7090018

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1940
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1287
Above Ground SqFt: 2056
Below Grd Total SqFt: 1287
Total SqFt: 3343
Foundation Size: 1287
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2356.00
Lot Dimensions: 68x130
Acres: 0.2
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Basement: Egress Windows; Sump Pump Construction Status: Previously Owned Exterior: Stucco Financing Terms: Cash Foundation: Other Fuel: Natural Gas Heating: Baseboard; Boiler; Hot Water Internet Options: Cable Laundry: In Basement; Lower Level Owner Pays: All Utilities Parking Characteristics: Parking Lot; Paved Lot Road Frontage: City Street; Paved Streets Roof: Age Over 8 Years; Asphalt Shingles Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV Unit 1 Amenities: Deck; Kitchen Window Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Upper Level Full Bath Unit 1 Cooling: None Unit 1 Dining Room Description: Eat In Kitchen Unit 2 Amenities: Main Floor Primary Bedroom; Washer/Dryer Hookup Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Bath Description: 3/4 Basement; Main Floor Full Bath Unit 2 Cooling: None Unit 2 Dining Room Description: Eat In Kitchen Unit 2 Special Search: Main Floor Bedroom; 3 BR on One Level; Main Floor Primary Water: City Water/Connected

Contract Information

Off Market Date: 2026-06-12
Contingency: None
Closed Date: 2026-07-15
Original List Price: 315000
ListPrice: 315000
Sales Close Price: 330000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 585
Street Direction Prefix: S
Street Name: Wasson
Street Suffix: Lane
Postal City: River Falls
County: Pierce
State: WI
Zip Code: 54022

Assessments

Tax With Assessments: 3080
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2056
Finished SqFt Below Ground: 300

More Information

Income and Expenses

Annual Gross Income: 48000
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer 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#: 18W
Section#: 06
Township#: 27N

Unit 1

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: Yes
Annual Rent: 18000
Finished SqFt: 769
Full Baths: Yes
Monthly Rent: 1500
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Leased?: No
Level: Multi-Level
Unit Number: 2
3/4 Baths: Yes
Annual Rent: 30000
Finished SqFt: 1587
Full Baths: Yes
Monthly Rent: 2500
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 9

Unit Details

Total Units: 2

Office/Member Info

Association: WWRA

Location, Tax and Other Information

Legal Description: PRT OF OL 134 AMENDED ASSESSORS PLAT COM AT PT ON EL OF OL 134,12 FT S OF NE COR OF SD OL; TH W 129.5' TO WL; TH S 66'; TH E 129.5' TO EL; TH N 66' TO POB (585:585 1/2 S WASSON LANE)
Listing City: River Falls
Map Page: 140
Municipality: River Falls
School District: River Falls
School District Phone: 715-425-1800
Zip Plus 4: 4419
Property ID Number: 276011060400
Tax Year: 2025
Tax Amount: 3080
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: INVESTMENT OPPORTUNITY! This well maintained duplex is vacant & ready for immediate occupancy, making it ideal for an owner occupant or investor. Conveniently located just minutes from the bypass, UWRF & CVTC Colleges this property offers a highly desirable location. Numerous updates have been completed, including windows, boiler, water heater, appliances & more. The spacious main/lower unit features 4+ bdrms, 2 baths, & washer/dryer, while the upper unit offers 2 bdrms & 1 bath. Both units are move-in ready and provide excellent rental or owner-occupied potential. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this solid property checks all the boxes. Don't miss this opportunity—schedule your showing and run the numbers today!
Directions: Main St, east on Cascade Ave, north on Wasson Ln.

Accessible

None: Yes

Basement

Egress Windows: Yes
Sump Pump: Yes

Construction Status

Previously Owned: Yes

Exterior

Stucco: Yes

Financing Terms

Cash: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes
Boiler: Yes
Hot Water: Yes

Internet Options

Cable: Yes

Laundry

In Basement: Yes
Lower Level: Yes

Owner Pays

All Utilities: Yes

Parking Characteristics

Parking Lot: Yes
Paved Lot: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

Tenant Pays

Cable TV: Yes

Unit 1 Amenities

Deck: Yes
Kitchen Window: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Upper Level Full Bath: Yes

Unit 1 Cooling

None: Yes

Unit 1 Dining Room Description

Eat In Kitchen: Yes

Unit 2 Amenities

Main Floor Primary Bedroom: Yes
Washer/Dryer Hookup: Yes

Unit 2 Appliances

Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Bath Description

3/4 Basement: Yes
Main Floor Full Bath: Yes

Unit 2 Cooling

None: Yes

Unit 2 Dining Room Description

Eat In Kitchen: Yes

Unit 2 Special Search

Main Floor Bedroom: Yes
3 BR on One Level: Yes
Main Floor Primary: Yes

Listing Office: EXP Realty, LLC

Last Updated: July - 15 - 2026

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