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$1,300,000
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Property Description
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.
Full Property Details
Full Property Details for 305 W Prospect St
General
- Price: $1,300,000
- Taxes: $8,141 (2025)
- Status: Active
- Type: Multi-Family
- Source: Wirex_Western_Wisconsin_Realtors_Association_WWRA
- MLS ID: 7127607
- Updated: 8/14/2026
- Added to Site: 30 day(s) ago
Additional Information
- Shared Amenities: Security
Exterior
- Exterior Features: Patio, Porch
Parking
- Garage: Yes
- Garage Spaces: 9
- Garage Description: Attached, Opener Included
Location
- Municipality: Thorp
- County: Clark
- Subdivision: Lindquist Add
- Driving Directions: 53S from the cities, 29th east, prospect street right
School Information
- School District: Thorp
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Forced Air
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
- Utility Description: Cable
Structural Information
- Description/Design: FourPlex, 1 Story
- Exterior Const.: Block
- Basement Desc.: None
- Square Feet: 6,246
- Year Built: 1992
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 233X60X194X181
- Lot Size Range: 1 to 4.99
- Zoning: Residential-Multi-Family
Water Features
- Water Front: Yes
- Water Front Name: Unnamed Lake
- Water Front Desc.: Stream/Creek
- Lake Front: Yes
Financial Considerations
- Tax Amount: $8,141
- Tax Year: 2025
Listed by DeGraw Investments LLC
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Schools
Schools serving 305 W Prospect St
School District:Thorp School District
| Name | Grades | Distance |
|---|---|---|
Thorp Elementary School 605 South Clark Street, Thorp, WI 54771 | PK-8 | 0.6 mi |
Thorp High School 605 South Clark Street, Thorp, WI 54771 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 305 W Prospect St
Date
Details
Price
Change
Source
8/14/2026
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 305 W Prospect St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,073
-2%
$123,900
—
2024
$2,119
10%
$123,900
—
2023
$1,931
-16%
$123,900
41%
2022
$2,299
1%
$88,100
—
2021
$2,280
6%
$88,100
—
2018
$2,152
1279%
$88,100
—
2017
$156
—
$88,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 305 W Prospect St
305 W Prospect Street, Thorp, WI 54771 (MLS# 7127607) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 305 W Prospect Street is currently listed for $1,300,000 and was received on August 14, 2026. Want to learn more about 305 W Prospect Street? Do you have questions about finding other Multi-Family real estate for sale in Thorp? You can browse all Thorp real estate or contact a Coldwell Banker agent to request more information.
