Exceptional Four-Unit Condominium Investment Opportunity | Thorp, Wisconsin
Discover a truly unique investment opportunity with this beautifully maintained four-unit condominium property situated on approximately 1.6 acres in a peaceful, park-like setting in Thorp, Wisconsin. With numerous improvements, exceptional accessibility, and multiple potential uses, this property is ideal for investors, healthcare providers, or those seeking a private family compound.
Three units offer 2 bedrooms and 1 full bath, while the fourth unit features 1 bedroom and 2 full baths. Every unit includes a four-season porch, attached 484-square-foot two-car garage, and in-unit washer and dryer, providing residents with comfort, convenience, and independent living.
The spacious end units each offer 1,167 square feet, while the two center units each provide 1,132 square feet of thoughtfully designed living space. Best of all, there are no steps inside or outside the property, making the entire development wheelchair accessible.
Residents can gather in the impressive 1,640-square-foot common area, featuring in-floor heat and ample space for social activities, meetings, or community events. Just outside, a large paved patio overlooks beautifully landscaped grounds, while a picturesque stream winds through the back of the property, creating a peaceful setting rarely found in an investment property. An additional detached common garage provides valuable storage or maintenance space.
Whether you’re looking to create a:
? Family compound or multi-generational living community
? Vacation rental destination
? Long-term rental investment
? Assisted living, senior housing, adult family home, or other healthcare-related use (subject to buyer verification and local approvals)
? Corporate or workforce housing
this versatile property offers outstanding potential.
Property Highlights
• Building is a free span structure making it easy to remove any interior walls
? Four condominium units
? Three 2-bedroom, 1-bath units
? One 1-bedroom, 2-bath unit
? End units: 1,167 SF each
? Center units: 1,132 SF each
? Attached 484 SF two-car garage for every unit
? Four-season porch in every residence
? Washer and dryer included in each unit
? Completely wheelchair accessible with no interior or exterior steps
? 1,640 SF heated common area with
• In-floor heat
• Wall AC units
• Full bath with walk-in shower
• Full kitchen
? Large paved community patio
? Detached common garage
? 1.6-acre setting with a beautiful stream along the rear of the property
? Numerous improvements throughout
This is an exceptional opportunity to own a one-of-a-kind property that combines residential comfort, accessibility, natural beauty, and outstanding investment flexibility.
Active
$1,300,000
305 W Prospect St, Thorp, WI 54771
--beds
0baths
6,246sqft
Fourplex
Built in 1992
-- sqft lot
$-- Zestimate®
$208/sqft
$-- HOA
What's special
- 60 days
- 179
- 4
Zillow last checked:
Listing updated:
Listed by:
Tammy J DeGraw 715-939-2306,
DeGraw Investments LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7127607
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air
Appliances
- Laundry: In Unit
Features
- Basement: None
Interior area
- Total structure area: 6,246
- Total interior livable area: 6,246 sqft
- Finished area above ground: 6,246
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 9
- Parking features: Attached, Asphalt, Garage Door Opener
- Attached garage spaces: 9
- Has uncovered spaces: Yes
- Details: Garage Dimensions (22x22)
Accessibility
- Accessibility features: Doors 36"+, Customized Wheelchair Accessible, Hallways 42"+, No Stairs External, No Stairs Internal, Roll-In Shower, Roll Under Accessibility
Features
- Levels: One
- Patio & porch: Patio
- Waterfront features: Creek/Stream
Lot
- Size: 1.6 Acres
- Dimensions: 233 x 60 x 194 x 181
Details
- Foundation area: 6246
- Additional parcels included: 2860907307,2860907309,2860907311
- Parcel number: 2860907305
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Condition
- New construction: No
- Year built: 1992
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Lindquist Add
HOA
- Amenities included: Lobby Entrance, Patio, Porch, Security Building
Location
- Region: Thorp
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $123,900
- Annual tax amount: $8,141
- Date on market: 8/14/2026
Estimated market value
Not available
Estimated sales range
Not available
$965/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Listed for sale | $1,300,000$208/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,119 +9.8% | $123,900 |
| 2023 | $1,931 -16% | $123,900 +40.6% |
| 2022 | $2,299 +0.8% | $88,100 |
| 2021 | $2,280 +2.6% | $88,100 |
| 2020 | $2,222 +3.2% | $88,100 |
| 2019 | $2,152 | $88,100 |
| 2018 | $2,152 +1276.5% | $88,100 |
| 2017 | $156 | $88,100 |
| 2016 | -- | $88,100 |
| 2015 | -- | $88,100 |
| 2014 | -- | $88,100 |
| 2011 | -- | $88,100 |
| 2010 | -- | $88,100 |
| 2009 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment

