Date
Details
Price
Change
Source
4/06/2026
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$400,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 1218 & 1222 Lake Shore Dr W
General
- Price: $400,000
- Taxes: $3,653 (2024)
- Status: Active
- Type: Multi-Family
- Source: 1402
- MLS ID: 6124347
- Updated: 4/6/2026
- Added to Site: 4 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 8
Location
- Area: R
- County: Ashland County
- Driving Directions: Corner of Lakeshore Drive and Beaser
School Information
- High School District: Ashland (WI) #170
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Construction: Frame/Wood
- Exterior Const.: Vinyl
- Basement: Yes
- Basement Desc.: Partial
- Foundation: Poured Concrete
- Stories/Levels: 2
- Square Feet: 4,200
- Year Built: 1950
Lot Features
- Lot Size (Acres): 0.34
- Lot Dimensions: 100 x 150
- Development Status: Previously Owned
Financial Considerations
- Price Per Sq. Ft.: $95.24
- Tax Amount: $3,653.4
- Tax Year: 2024
- Owner Pays: Fuel
- Tenant Pays: Electricity
Disclosures and Reports
- Condo: Yes
- Legal Description: LOT 6 BLOCK 6 ASHLAND PROPER V 569 PG 274; LOT 5 BLOCK 6 ASHLAND PROPER V 540 PG 422
- Property ID: 201-00056-0000;201-00055-0000
Listed by Porter Realty LLC
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— 1218 & 1222 Lake Shore Dr W —
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NMLS#: 1598647
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Schools
Schools serving 1218 & 1222 Lake Shore Dr W
School District:Ashland School District
| Name | Grades | Distance |
|---|---|---|
Lake Superior Primary School 1101 Binsfield Road, Ashland, WI 54806 | PK-2 | 1.5 mi |
Ashland Middle School 203 11th Street East, Ashland, WI 54806 | 6-8 | 1.1 mi |
Ashland High School 1900 Beaser Avenue, Ashland, WI 54806 | 9-12 | 1.2 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 1218 & 1222 Lake Shore Dr W
Estimate the Cost
Estimate the Cost for 1218 & 1222 Lake Shore Dr W
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- Single Family
- Active
- Updated 1 day ago
- 1Bed
- 1Total Bath
- 620Sq. Ft.
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- Single Family
- Active
- Updated 4 hours ago
- 4Beds
- 2Total Baths
- 1,364Sq. Ft.
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- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,600Sq. Ft.
Listed and Sold by Jay Emmert
1218 & 1222 Lake Shore Dr W, Ashland, WI 54806 (MLS# 6124347) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 1218 & 1222 Lake Shore Dr W is currently listed for $400,000 and was received on April 06, 2026. Want to learn more about 1218 & 1222 Lake Shore Dr W? Do you have questions about finding other Multi-Family real estate for sale in Ashland? You can browse all Ashland real estate or contact a Coldwell Banker agent to request more information.