Looking to add to your rental portfolio or get started in real estate investing? This full duplex at 494 & 496 Flambeau Ave in Phillips offers two separate 2-bedroom, 1-bath units in a convenient in-town location, creating an appealing opportunity to invest, build rental income, or offset your own housing costs. Both units offer approximately 900 finished square feet, featuring an eat-in kitchen, living room, two bedrooms, full bathroom, and separate access to a divided basement with laundry facilities. Unit 496 was remodeled with new flooring, paint, blinds, refrigerator, pantry, and a newer washer and dryer. The units have separate mechanicals and utilities, including forced air furnaces (serviced annually), central air, water heaters, water meters, and natural gas meters, allowing tenants to manage their own utility expenses. Outside, the detached two-car garage provides valuable parking and storage, with an owner's storage room, small workbench, and most backup items included, such as an extra dryer and tools. The manageable lot offers room to enjoy the outdoors without extensi, Rents $625 and $700
Looking to add to your rental portfolio or get started in real estate investing? This full duplex at 494 & 496 Flambeau Ave in Phillips offers two separate 2-bedroom, 1-bath units in a convenient in-town location, creating an appealing opportunity to invest, build rental income, or offset your own housing costs. Both units offer approximately 900 finished square feet, featuring an eat-in kitchen, living room, two bedrooms, full bathroom, and separate access to a divided basement with laundry facilities. Unit 496 was remodeled with new flooring, paint, blinds, refrigerator, pantry, and a newer washer and dryer. The units have separate mechanicals and utilities, including forced air furnaces (serviced annually), central air, water heaters, water meters, and natural gas meters, allowing tenants to manage their own utility expenses. Outside, the detached two-car garage provides valuable parking and storage, with an owner's storage room, small workbench, and most backup items included, such as an extra dryer and tools. The manageable lot offers room to enjoy the outdoors without extensive yard maintenance. Unit 496 features a concrete patio, while unit 494 offers a private deck, giving each unit its own outdoor space to enjoy. Just minutes from local shopping, restaurants, and everyday amenities, you'll also be close to the Phillips Chain of Lakes, area parks, and miles of ATV and snowmobile trails for year-round Northwoods recreation. Whether you're expanding your portfolio, purchasing your first income property, or considering living in one unit while renting the other, this duplex offers flexibility, practical features, and income potential in the heart of Phillips. Come explore the possibilities!
CWMLS as distributed by WIREX #22605078
Oct 9, 2026
Listed
$229,900
$128/sq ft
GNMLS #182199
Jun 12, 2020
Sold
$112,500
$63/sq ft
Nov 23, 2019
Listed
$139,000
$77/sq ft
You won't want to miss this great investment property! Located in the city of Phillips, this duplex is conveniently located within walking distance of local shopping, parks, and amenities. Both units are rented and have low turn over. Each unit is a two bedroom, one bath with laundry facilities in the basement with a detached two car garage. Low maintenance, turnkey operation- what more could you ask for in an investment opportunity?
GNMLS #184627
Nov 23, 2019
Listed
$139,000
$77/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,643 (+4.5%)
$8,400 + $82,900
$91,300
2024
$2,529 (+8.4%)
$8,400 + $82,900
$91,300
2023
$2,333 (−4.3%)
$8,400 + $82,900
$91,300
2022
$2,439 (+8.2%)
$8,400 + $82,900
$91,300
2021
$2,254 (−3.5%)
$8,400 + $82,900
$91,300
2020
$2,337 (+7.2%)
$8,400 + $82,900
$91,300
2019
$2,180 (+3.3%)
$8,400 + $82,900
$91,300
2018
$2,110 (−3.0%)
$8,400 + $82,900
$91,300
2017
$2,174 (−2.3%)
$8,400 + $82,900
$91,300
2016
$2,226 (+0.5%)
$8,400 + $82,900
$91,300
2015
$2,216 (+4.7%)
$8,400 + $82,900
$91,300
2014
$2,116 (−6.6%)
$8,400 + $82,900
$91,300
2013
$2,264
$8,400 + $82,900
$91,300
Public record
Beds
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Lot width
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Lot depth
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Lot size
6,011 Sq. Ft.
Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Other
County
Price County
APN
272107802000
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 29, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
7 days above 92° expected this year, 13 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Phillips, WI • 54555
Average low and high temperatures (°F)
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74
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70
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39
40
26
25
10
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Feb
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 494/496 Flambeau Ave
$230,487
$587 over list price of $230K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $200K to $275K.