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For sale
  • $400,000

    1218 & 1222 Lake Shore Dr W, Ashland, WI 54806

    2beds
    1baths
    4,200sqft
    : 
    $2,572/mo
    Get pre-qualified
    Multi Family
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $95/sqft
    $-- HOA

    What's special

    Solid basement and foundationGreat lake viewsMultiple curb cuts
    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.
    143 days
    |
    130
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kevin Porter 715-256-7077,

    Porter Realty LLC

    Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6124347MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      Heating
      • Natural Gas
      Features
      • Basement: Partial
      Interior area
      • Total interior livable area: 4,200 sqft
      • Finished area above ground: 3,200
      • Finished area below ground: 1,000

      Property

      Parking
      • Parking features: Detached
      • Has garage: Yes
      Lot
      • Size: 0.34 Acres
      • Dimensions: 100 x 150
      Details
      • Parcel number: 201000560000;201000550000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl, Frame/Wood
      • Foundation: Concrete Perimeter
      Condition
      • Previously Owned
      • Year built: 1950

      Utilities & green energy

      • Electric: Xcel Energy
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Ashland

      Financial & listing details

      • Price per square foot: $95/sqft
      • Annual tax amount: $3,653
      • Date on market: 4/6/2026
      • Cumulative days on market: 160 days
      • Tenant pays: Electricity

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $982/mo

        Price history

        DateEventPrice
        4/6/2026Listed for sale$400,000+53.8%$95/sqft
        Source: WIREX MLS #6124347 Report a problem
        3/7/2026Listing removed$260,000$62/sqft
        Source: WIREX MLS #6122309 Report a problem
        10/7/2025Listed for sale$260,000$62/sqft
        Source: WIREX MLS #6122309 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 54806

        Getting around

        51 / 100
        Somewhat Walkable
        74 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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