$1,300,000

0 Beds 0 Baths 6,246 Sqft

305 W Prospect Street, Thorp, WI 54771

Property Type: Multi-Family
Building Type: FourPlex,1 Story
Time on Market: 15 days
Price per Sqft: $208
Lot Size: 233X60X194X181
Waterfront: Y
Garage: 9 Car
Total Taxes: $8,141
Est. Age: 21+ Years
Virtual Tour: View Tour

Description

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.

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 0 0 0 0

Property Details

Interior

Basement:
  • None
Heating/Cooling:
  • Forced Air
Heat Fuel:
  • Natural Gas
Sqft:
  • Total Sqft: 6,246

Exterior

Acreage:
  • Range: 1 to 4.99
Exterior:
  • Block
Exterior Features:
  • Patio, Porch
Garage:
  • Details: Attached, Opener Included
  • Spaces: 9.0
Lot:
  • Size: 233X60X194X181
Subdivision:
  • Lindquist Add
Water:
  • Body of Water: Unnamed Lake
  • Features: Stream/Creek
  • Waterfront: Y
Water/Waste:
  • Municipal Water, Municipal Sewer

Misc.

New Construction:
  • N
Postal:
  • Code: 54771
Street:
  • Direction Prefix: W
  • Name: Prospect Street
  • Suffix: STREET
Tax Year:
  • 2025
Utilities:
  • Details: Cable
Zoning:
  • Residential-Multi-Family

Map

Listing Agent-Provided Directions:
  • 53S from the cities, 29th east, prospect street right

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Schools and Neighborhood

School District:
  • Thorp
Postal City:
  • Thorp
Municipality:
  • Name: THORP
  • Type: City
County:
  • CLARK

Market Comparison

How this property compares to local market averages — calculated 8/30/2026

This Property
Thorp Multi Family Home Avg
Clark County Multi Family Home Avg
List Price
$1,300,000
$1,300,000
$619,333
Median Price
$1,300,000
$399,000
Price / Sq Ft
$208
$208
$146
Days on Market
15 days
15 days
37 days
Total Listings
1
3

Listing Information

  • Time on Market: 15 days
  • Place Perfect Last Updated: 2026-08-19 04:25:12
  • MLS Number: 7127607
  • Subsystem Locale: WIREX_WWRA
  • Listing Office: DeGraw Investments LLC
  • Listing Agent: Tammy DeGraw
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This information is provided by WIREX via the REALTORS Association of Northeast Wisconsin multiple listing service and is exclusively for consumers’ personal, non-commercial use. Information is deemed reliable but not guaranteed.

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