About This Home

Built in 1900, this residential multi-family property at 409 3rd St in Algoma, Wisconsin, offers 2,800 square feet on a 0.21-acre lot. The property includes four units with a combined total of seven bedrooms and four bathrooms. Three of the four units were updated within the last five years, and fresh paint was completed last year.

The roof is approximately two years old. Heating is provided by space heaters, forced air, and a heat pump. The property currently brings in $2,900 per month in rent, according to the existing listing information. Located in Algoma, this multi-family property is offered at $299,900 and provides a defined residential layout across its four units. Its combination of unit count, bedroom and bathroom totals, recent updates to most units, and newer roof are notable features for buyers evaluating a multi-family property.

Key Features

  • Built in 1900
  • 0.21 acre lot

Property Details

4 full
1900
Listing Description

Great investment property located in Algoma. Updates include fresh paint as of last year. Roof 2 years old. 3 out of the 4 units were updated in the last 5 years. $2900 rent per month.

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$87

Estimates only. Actual payments may vary.

Location

409 3rd St

Algoma, WI 54201

Property Details

Heating

Space HeaterForced AirHeat Pump (Heating)

Questions & Answers

This 7-bedroom, 4-bathroom residential multi family at 409 3rd St is listed at $299,900 ($107/sqft). The estimated monthly payment is $1,603 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.21 acre lot.

This property is listed by Heidi Neubauer and can be reached at 9204936289.

HN

Heidi Neubauer

Agent at ERA Starr Realty

(920) 493-6289

Listed by ERA Starr Realty · Broker phone: (920) 743-4321 · View on Broker Site

MLS# 147102· Source: Door County MLS· 118 days on PropertySimple

Copyright © 2026 Door County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

409 3rd St, Algoma, WI 54201

Open this listing in: