This upper/lower duplex presents a great investment opportunity with steady income potential. Both units are currently occupied by long-term, month-to-month tenants. The lower unit features 1 bedroom and 1 bathroom, renting for $900/month, while the upper unit offers 2 bedrooms and 1 bathroom, currently renting for $700/month. The detached 2-car garage allows each tenant access to one side for parking or storage. Utilities are paid by the landlord, and tenants take care of lawn maintenance and snow removal. Whether you're looking to grow your rental portfolio or live in one unit while renting out the other, this property is a smart, income-generating option. Schedule your showing today!
Closed
$155,000
518 LINCOLN AVENUE, Wausau, WI 54403
3beds
1,848sqft
Multi Family, Duplex
Built in 1912
-- sqft lot
$158,000 Zestimate®
$84/sqft
$1,165 Estimated rent
Home value
$158,000
$120,000 - $209,000
$1,165/mo
Zestimate® history
Owner options
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$1,165/mo
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$1,165/mo
Rent Zestimate®
Refinance and save
$1,072/mo
Est. payment
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$1,072/mo
Est. payment
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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
Bought with:
Rise Real Estate Team
Source: WIREX MLS,MLS#: 22600027
Originating MLS: Central WI Board of REALTORS
Originating MLS: Central WI Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Has fireplace: No
Interior area
- Total structure area: 1,848
- Total interior livable area: 1,848 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Car
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,405 Square Feet
- Dimensions: .17 acres
Details
- Parcel number: 29129072520119
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Condition
- 21+ Years
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Wausau
- Municipality: Wausau
Financial & listing details
- Price per square foot: $84/sqft
- Tax assessed value: $148,400
- Annual tax amount: $2,751
- Date on market: 1/5/2026
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Sold | $155,000-3.1%$84/sqft |
Source:  WIREX MLS #22600027 Report a problem | ||
| 1/21/2026 | Contingent | $159,900$87/sqft |
Source: WIREX MLS #22600027 Report a problem | ||
| 1/5/2026 | Listed for sale | $159,900-5.9%$87/sqft |
Source: WIREX MLS #22600027 Report a problem | ||
| 1/1/2026 | Listing removed | $169,900$92/sqft |
Source: WIREX MLS #22502745 Report a problem | ||
| 6/19/2025 | Listed for sale | $169,900-5.6%$92/sqft |
Source: WIREX MLS #22502745 Report a problem | ||
| 6/16/2025 | Listing removed | $179,900$97/sqft |
Source: WIREX MLS #22500654 Report a problem | ||
| 4/8/2025 | Listed for sale | $179,900-5.3%$97/sqft |
Source: WIREX MLS #22500654 Report a problem | ||
| 3/26/2025 | Contingent | $189,900$103/sqft |
Source: WIREX MLS #22500654 Report a problem | ||
| 2/26/2025 | Listed for sale | $189,900$103/sqft |
Source: WIREX MLS #22500654 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,803 +10.2% | $148,400 +45.1% |
| 2023 | $2,543 +0% | $102,300 |
| 2022 | $2,542 +3.3% | $102,300 |
| 2021 | $2,460 -1.5% | $102,300 |
| 2020 | $2,497 +1.2% | $102,300 +8.4% |
| 2019 | $2,467 +1.5% | $94,400 |
| 2018 | $2,432 +3.7% | $94,400 |
| 2017 | $2,346 +2.8% | $94,400 |
| 2016 | $2,281 -2.5% | $94,400 |
| 2015 | $2,340 -1.9% | $94,400 -6.4% |
| 2014 | $2,384 +1% | $100,900 |
| 2013 | $2,361 -0.3% | $100,900 |
| 2012 | $2,369 -2.9% | $100,900 |
| 2011 | $2,439 -0.5% | $100,900 |
| 2010 | $2,452 +1.5% | $100,900 |
| 2009 | $2,415 +2.2% | $100,900 |
| 2008 | $2,363 +0.9% | $100,900 |
| 2007 | $2,342 +8.1% | $100,900 +18.7% |
| 2006 | $2,166 -0.2% | $85,000 |
| 2005 | $2,171 -7.3% | $85,000 -5.6% |
| 2004 | $2,340 +20% | $90,000 +44% |
| 2003 | $1,951 +0.3% | $62,500 |
| 2002 | $1,946 | $62,500 |
Find assessor info on the county website
Neighborhood: 54403
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Nearby schools
GreatSchools rating
- 4/10Franklin Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Horace Mann Middle SchoolGrades: 6-8Distance: 1.1 mi
- 7/10East High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$158,000
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Estimated market value
$158,000
- Wisconsin
- Marathon County
- Wausau
- 54403
- 518 LINCOLN AVENUE
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