305 W Prospect Street
Thorp, WI, 54771 $ 1,300,000
Bedrooms-- Baths0.0 Sq 6,246 Monthly Estimate*
$ 8,979
for $1,300,000. This 6,246 square foot home was built in 1992 on a lot size of 1.6.
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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FeaturesGeneralLiving Area 6246
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 9
Year Built 1992
Levels One
Property Subtype Fourplex
Tax Year 2025
Gross Income 8640
Waterfront Features Creek/Stream
Accessibility Doors 36 + Fully Wheelchair Hallways 42 + No Stairs External No Stairs Internal Roll-In Shower Roll Under Accessibility
Additional Parcels Description 2860907307 2860907309 2860907311
County Clark
Operating Expense 8640
Insurance Expense 3229
New Construction N
Property Type Residential Income
Association Amenities Lobby Entrance Patio Porch Security Building
Contingency None
MaintenanceExpense 600
Subdivision Name Lindquist Add
Directions 53S from the cities 29th east prospect street right
City Thorp
High School District Thorp
Zoning Description Residential-Multi-Family
Number Of Units Total 4
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 8141
Electric Expense 1700
Fuel Expense 202
Trash Expense 0
Water Sewer Expense 622
Additional Parcels Y/N Y
Virtual Tour https://tours.spinvision.com/idx/333547
Standard Status Active
Lender Owned No
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InteriorBasement None
Basement (Y/N) N
Above Grade Finished Area 6246
Laundry Features In Unit
Total Bedrooms 0
Below Grade Finished Area 0
Total Baths 0
Fuel Natural Gas
Garage Dimensions 22x22
Garage Square Feet 484
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ExteriorParking Features Attached Garage Asphalt Garage Door Opener
Water Source City Water/Connected
Lot Size Area 1.6
Building Area Total 6246
Lot Dimensions 233X60X194X181
Waterfront Y/N Y
Foundation Area 6246
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* Excluded FeaturesList ByDegraw Investments LlcBroker
tammy@degrawcommercial.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,979
- Monthly Property Taxes
- $678
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Thorp, WI
Average List Price $1,300,000
Percent of Sale Price 0%
About Thorp, WI 1,597 Population
4% Since 2002
$ 41,655 Median Income
40.35 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
5540599 Elementary School
5540598 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/14/2026 | $1,300,000 | | Listed Price |