$400,000
1218 & 1222 Lake Shore Dr W Ashland, WI 54806
For Sale MLS# 6124347
8 beds 5 baths 4,200 sq ft Multi-family
Details for 1218 & 1222 Lake Shore Dr W
MLS# 6124347
Description for 1218 & 1222 Lake Shore Dr W, Ashland, WI, 54806
1222 & 1218 Lakeshore Drive – Two Income-Producing Homes with Exceptional Potential Two well-performing rental properties are offered together for an unbeatable value. The eastern property (1218 Lakeshore Drive) is a freestanding 4-bedroom home with a solid basement and foundation, currently rented for $1,100/month with a consistent rental history. The western property (1222 Lakeshore Drive) has been converted into a triplex, also showing strong, steady income and long-term tenancy. Both properties are professionally managed, and detailed income statements are available upon request. Combined, these four rental units currently generate over $3,800.00 per month in income. With multiple curb cuts and a prime corner location at Beaser Avenue and Lakeshore Drive, this site also holds excellent future commercial potential. Enjoy great lake views, a proven income stream, and a property that pays for itself while offering strong appreciation potential. This is the opportunity for the intelligent investor—secure income now and position yourself for long-term growth.
Listing Information
Property Type: Multi-family, Up & Down
Status: Active
Bedrooms: 8
Bathrooms: 5
Lot Size: 0.34 Acres
Square Feet: 4,200 sq ft
Year Built: 1950
Stories: 2 Story
Construction: Frame/Wood
Number Of Units Total: 4
County: Ashland
Construction Status: Previously Owned
School Information
District: Ashland (WI) #170
Interior Features
Square Footage above: 3,200 sq ft
Square Footage below: 1,000 sq ft
Basement: Partial, Poured Concrete
Utilities
Water: City
Sewer: City
Heating: Natural Gas
Exterior / Lot Features
Parking Description: Garage Description - Detached
Exterior: Vinyl
Lot Dimensions: 100X150
Unit Information
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 6
Driving Directions
Corner of Lakeshore Drive and Beaser
Financial Considerations
Tenant Pays: Electric
Owner Pays: Fuel
Tax/Property ID: 201-00056-0000;201-00055-0000
Tax Amount: 3653.4
Tax Year: 2024
A broker reciprocity listing courtesy: Porter Realty LLC - Kevin Porter
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Duluth Area Association of REALTORS® MLS. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Duluth Area Association of REALTORS® MLS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Duluth Area Association of REALTORS® MLS. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1218 & 1222 Lake Shore Dr W
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1218 & 1222 Lake Shore Dr W
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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