This investment property has great potential and is conveniently located just outside Rhinelander east city limits. There are 3, 26x80 storage buildings with 23, 10x26 units total. There is good rental history and rates have not changed since it was built in 2006! The storage buildings are vinyl sided with 35-year composition shingles about 4 years ago. Included is an older cement block 4-plex with 3, 1-bedroom efficiency apartments($390/mo) and 1, 2-bedroom efficiency apartment($440/mo). The storage units rent for $60/mo. One renter pays $550 per year. A conventional septic system was installed in 2017. The 4-plex has a shared point well, is separately metered and wall furnaces. Call now to set up a showing for this amazing investment property!
- WI
- Rhinelander
- 54501
- 3394 FAUST LAKE RD S
- MLS# 190597
- Date Listed05/10/2021
- Bedrooms -
- Bathrooms
- Lot Size 0.5 acres (21,780 sq. ft)
- County Oneida
- Year Built 2006
Exterior / Lot Features
- Roof Composition, Shingle
- Lot Size Acres 0.50
- Lot Size SQFT 21,780.00
- Lot Features Level, Open Space, Rural Lot
Directions
Take County P east of Rhinelander to right on S. Faust Lake Rd. Property is the first left.
Financial Considerations
- Tax Amount $1,751
- Terms Cash, Conventional, FHA, VA Loan
Schools near 54501
Explore the local neighborhood highlights and top-rated schools near 54501 in Rhinelander, WI.
Nearby Schools
Source: School Digger
Public • PK - 3 • Serves this home
0.86 mi
Distance
Public • 6 - 8 • Serves this home
2.54 mi
Distance
Public • 9 - 12 • Serves this home
2.98 mi
Distance
Public • PK - 3 • Serves this home
0.86 mi
Distance
Public • PK - 5
4.95 mi
Distance
Public • 6 - 8 • Serves this home
2.54 mi
Distance
Public • 9 - 12 • Serves this home
2.98 mi
Distance
Sales & Tax History
Source: Public Records
| Date | Event | Price |
|---|---|---|
| 07/08/2021 | Sold | $268,000.00 3.88% |
| 05/14/2021 | Pending | $258,000.00 |
| 05/11/2021 | Active | $258,000.00 |
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 3001 Oak Ridge Cir | Listing | 3 | 3 | Jul 29, 2026 | $225,000 | Mar 15, 2024 | $237,700 |
| 2903 Oak Ridge Cir | Listing | 3 | 2 | Jul 29, 2026 | $274,900 | Mar 15, 2024 | $272,900 |
| 7236 Woodcrest Cir | 4 | 2 | Jul 23, 2026 | $239,900 | Aug 15, 2026 | - |
| 7180 Woodcrest Cir | 3 | 3 | Jul 23, 2026 | $266,900 | Aug 15, 2026 | - |
| 7214 Woodcrest Cir | 3 | 2 | Jul 23, 2026 | $260,000 | Aug 15, 2026 | - |
| 6050 Wildwood Lake Cir | 3 | 2 | Jul 23, 2026 | $79,500 | Aug 15, 2026 | - |
| 4267 Royalwood Cir | 4 | 2 | Jul 21, 2026 | $189,900 | Aug 15, 2026 | - |
| 6061 Wildwood Lake Cir | 4 | 3 | Jul 23, 2026 | $179,500 | Aug 15, 2026 | - |
| 7203 Woodcrest Cir | 4 | 2 | Jul 23, 2026 | $59,900 | Aug 15, 2026 | - |
| 4200 Royalwood Cir | 4 | 3 | Jul 21, 2026 | $245,000 | Aug 15, 2026 | - |
Local Neighborhood Highlights for 54501
Discover key demographics, population statistics, and environmental insights for the Rhinelander, WI area.
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 20,138 | 7,624 | 36,809 | 335,858,263 |
| Population Density | 55 | 908 | 33 | 95 |
| People per Household | 2.3 | 2.1 | 2.2 | 2.6 |
| Median Age | 47.1 | 40.3 | 50.7 | 39.1 |
| Median Income | $56,207 | $44,303 | $59,029 | $66,222 |
| Average Income | $32,866 | $30,177 | $36,065 | $35,475 |
| Cost of Living Index | 83 | 74 | 82 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | -0.2°F | -0.2°F | -2.08°F | 22.6°F |
| July Avg. High Temp | 78.6°F | 78.6°F | 76.61°F | 86.2°F |
| Annual Precipitation | 31.9" | 31.9" | 31.67" | 38" |
17/100
Car-Dependent
Walk Score ®
0/100
Minimal Transit
Transit Score ®
35/100
Bikable
Bike Score ®
Overview
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 5/100, Transit Score: 0/100, Bike Score: 24/100.
Property Change History
Points of Interest near 3394 FAUST LAKE RD S, Rhinelander, WI 54501
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1003 ft
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0.49 mi
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Frequently Asked Questions for 3394 FAUST LAKE RD S
Source: Realty.com
3394 FAUST LAKE RD S, Rhinelander, WI 54501 in Rhinelander, WI 54501 is a investment listed at $258,000. Highlights include built in 2006, 0.50 acre lot. Realty.com has 19 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 19 photos of 3394 FAUST LAKE RD S.
Our records indicate that 3394 FAUST LAKE RD S was built in 2006.
The full address for this home is 3394 FAUST LAKE RD S, Rhinelander, WI 54501.
3394 FAUST LAKE RD S has been listed on Realty.com since Mon May 10, 2021
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 5/100, Transit Score: 0/100, Bike Score: 24/100.
There are 3 schools assigned to this home. Check out the schools near 3394 FAUST LAKE RD S. Pelican Elementary School (Grades: PK - 3), James Williams Middle School (Grades: 6 - 8), Rhinelander High School (Grades: 9 - 12)
Listing provided courtesy of:
Key Insight, Llc
(tel: 715-362-5151)
Listing agent:
Candy Krouze
(tel: 715-360-1340)
(#42138)
This content last refreshed on 2026-08-15 22:12:05. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.