1218 & 1222 Lake Shore Dr W Ashland, WI 54806

$400,000
Active
estimated monthly payment
8 Beds  |  5 Baths  |  4,200 Sq Ft  |  Multi Family  |  MLS # 6124347
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About The Listing

1222 & 1218 Lakeshore Drive – Two Income-Producing Homes with Exceptional Potential Two well-performing rental properties are offered together for an unbeatable value. The eastern property (1218 Lakeshore Drive) is a freestanding 4-bedroom home with a solid basement and foundation, currently rented for $1,100/month with a consistent rental history. The western property (1222 Lakeshore Drive) has been converted into a triplex, also showing strong, steady income and long-term tenancy. Both properties are professionally managed, and detailed income statements are available upon request. Combined, these four rental units currently generate over $3,800.00 per month in income. With multiple curb cuts and a prime corner location at Beaser Avenue and Lakeshore Drive, this site also holds excellent future commercial potential. Enjoy great lake views, a proven income stream, and a property that pays for itself while offering strong appreciation potential. This is the opportunity for the intelligent investor—secure income now and position yourself for long-term growth.


Listing courtesy of Kevin Porter, Porter Realty LLC
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Property Details

Features

 
 
 
Property Type: Multi Family
Status: Active
Year Built: 1950
MLS #: 6124347
Bedrooms: 8
Square Feet: 4,200
Price Per Square Foot: $95
Garage Spaces: 0
Parking Description: Detached
Sewer Description: City
Water: City
Heat Type: Natural Gas
Construction Description: Frame/Wood
Days On Market (Continuous): 152
Latest Update: 04/06/2026
List Date: 04/05/2026
Listing Agent ID: 112883
Listing Office: Porter Realty LLC
Listing Office ID: 31739
Data Source: LSAR - Lake Superior Area REALTORS
Lot Dimensions: 100X150
Lot Size: 0.34 Acres
School District: Ashland (WI)
Tax Year: 2024
Estimated Taxes: $3,653
City: Ashland
Zip: 54806
Area: LSAR
County: Ashland County
State: WI

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Listing last updated: 04/06/26

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