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$82,000 / 3br - 1400ft2 - Off-market Rhinelander house
River st, Rhinelander, WI 54501
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1823 River St – 3 Bed / 1.5 Bath – ~1,400 Sq Ft – 4 Acres – Detached Garage
✅ Under contract – Assignable contract
✅ Free & clear title
✅ Newer furnace + point-driven well
✅ 4 acres with privacy + detached 1-car garage
✅ Easy access to downtown Rhinelander
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🚧 Rehab Notes
• Floors need to be ripped up and replaced (linoleum over hardwood).
• Interior paint needed throughout.
• Full bathroom remodel required.
• Moisture issues in basement (likely solved with gutters + grading).
• Front deck should be removed.
• Back side of building needs partial demo/repair.
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📊 Comparable Sales (River St Corridor)
• 1327 River St – 3 bed / 1.5 bath – 1,219 sq ft – Sold $218,000 (June 2025)
• 1831 River St – 4 bed / 2 bath – 1,636 sq ft – Auction estimate $244,900
• 1530 River St – 4 bed / 2 bath – 3,200 sq ft, 4 acres waterfront – Listed $524,000
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💰 Investor Play
• ARV (After Repair Value): ~$200K+ based on nearby comps
• Exit Options:
• Flip for profit
• Buy & Hold (rental demand in Rhinelander is strong)
• Novation/list retail after light rehab
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📍 Location
• Just minutes from Rhinelander’s downtown and shopping.
• Quiet stretch of River St with acreage and garage bonus.
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📞 Next Steps
This is an off-market deal. First come, first served.
• Cash buyers only – proof of funds required.
• Property sold as-is, where-is.
👉 Contact me today to walk the property or secure the assignment.
PROPERTY NOT VACANT.
DO NOT WALK PROPERTY WITHOUT PERMISSION.