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  • $1,300,000

    305 W Prospect St, Thorp, WI 54771

    --beds
    0baths
    6,246sqft
    : 
    $8,417/mo
    Get pre-qualified
    Fourplex
    Built in 1992
    -- sqft lot
    $1,291,300 Zestimate®
    $208/sqft
    $-- HOA

    What's special

    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.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tammy J DeGraw 715-939-2306,

    DeGraw Investments LLC

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7127607MLS Logo

      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

        $1,291,300

        $1.23M - $1.36M

        $1,145/mo

        Price history

        DateEventPrice
        8/14/2026Listed for sale$1,300,000$208/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7127607 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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.
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        Climate risks

        Neighborhood: 54771

        Getting around

        58 / 100
        Somewhat Walkable
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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