Expand your investment portfolio with this well-maintained triplex in the City of Merrill! This income-producing property features three separate units, including a 1-bedroom, 1-bath unit currently rented for $500 per month, a spacious 3-bedroom, 1-bath unit rented for $1,000 per month, and a freshly remodeled 2-bedroom, 1-bath unit that is currently vacant?offering an excellent opportunity to set your own rental rate or occupy the unit yourself. The upper unit has been completely renovated, adding modern appeal for future tenants. Additional updates include a newer roof installed just a few years ago, providing added peace of mind. With separate utilities for each unit, management is simplified and operating expenses are reduced. Whether you're a seasoned investor or looking to start your rental portfolio, this property offers strong income potential with room for additional cash flow.
Active
$189,900
111 POLK STREET, Merrill, WI 54452
6beds
2,224sqft
Multi Family, Triplex
Built in 1900
-- sqft lot
$197,400 Zestimate®
$85/sqft
$-- HOA
What's special
- 2 days |
- 209 |
- 6 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
RISE REAL ESTATE TEAM Phone:715-680-0019,
JONES REAL ESTATE GROUP,
Dakota Karlen 715-680-0019,
JONES REAL ESTATE GROUP
Source: WIREX MLS,MLS#: 22602947
Originating MLS: Central WI Board of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Has fireplace: No
Interior area
- Total structure area: 2,224
- Total interior livable area: 2,224 sqft
Property
Parking
- Parking features: No Garage
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,098 Square Feet
- Dimensions: .14
Details
- Parcel number: 25131061140088
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Triplex
Condition
- 21+ Years
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Merrill
- Municipality: Merrill
Financial & listing details
- Price per square foot: $85/sqft
- Tax assessed value: $120,900
- Annual tax amount: $2,486
- Date on market: 6/26/2026
Estimated market value
$197,400
$168,000 - $225,000
$1,426/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Listed for sale | $189,900$85/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,269 +30.5% | $120,900 +119% |
| 2023 | $1,738 +10.1% | $55,200 |
| 2022 | $1,578 -5.3% | $55,200 |
| 2021 | $1,666 +0.2% | $55,200 |
| 2020 | $1,663 +1.1% | $55,200 |
| 2019 | $1,644 +1.3% | $55,200 |
| 2018 | $1,622 +6.3% | $55,200 |
| 2017 | $1,527 +4.2% | $55,200 |
| 2016 | $1,466 -14.4% | $55,200 -11.5% |
| 2015 | $1,713 | $62,400 |
| 2014 | $1,713 | $62,400 |
| 2013 | $1,713 | $62,400 |
| 2011 | $1,713 | $62,400 |
| 2010 | -- | $62,400 |
| 2009 | -- | $62,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 54452
Nearby schools
GreatSchools rating
- 4/10Prairie River Middle SchoolGrades: 5-8Distance: 0.1 mi
- 5/10Merrill High SchoolGrades: 9-12Distance: 1.5 mi
- NAKate Goodrich Elementary SchoolGrades: K-2Distance: 0.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Wisconsin
- Lincoln County
- Merrill
- 54452
- 111 POLK STREET





