305 W Prospect Street, Thorp, WI 54771
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
Listed by: tammy j degraw
Office: degraw investments llc.
MLS#:7127607
Source:NSMLS
Price summary
- Price:$1,300,000
- Price per sq. ft.:$208.13
About this home
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....
Contact an agent
Home facts
- Year built:1992
- Subdivision & Development:Lindquist Add
- Listing ID #:7127607
- Added:1 day(s) ago
- Updated:August 15, 2026 at 02:43 PM
Rooms and interior
- Basement:Yes
- Living area:6,246 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1992
- Building area:6,246 sq. ft.
- Lot area:1.6 Acres
- Exterior Features:Patio, Porch
- Levels:1 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$1,300,000
- Price per sq. ft.:$208.13
- Tax amount:$8,141 (2025)
Features and amenities
- Amenities:Lobby Entrance
Parking
- Parking description:Asphalt, Attached Garage, Garage Door Opener
- Garage:Yes
- Garage spaces:9
New listings near 305 W Prospect Street
$227,500Active3 beds 2 baths1,688 sq. ft.305 W Elm Street, Thorp, WI 54771
MLS# 1604131Listed by: SUGAR KEY REALTY LLC- New
$529,000Active4 beds 3 baths2,750 sq. ft.N11453 WILDERNESS AVENUE, Thorp, WI 54771
MLS# 22603904Listed by: TIEMAN REALTY, INC. 
$230,000Active3 beds 2 baths1,720 sq. ft.205 Boardman Street, Thorp, WI 54771
MLS# 1603895Listed by: WHITE BARN REALTY
$220,000Active3 beds 2 baths1,700 sq. ft.418 E School Street, Thorp, WI 54777
MLS# 1603381Listed by: KELLER WILLIAMS REALTY DIVERSIFIED
$439,900Active80 Acres0000 Cloverdale Road, Thorp, WI 54771
MLS# 2027060Listed by: WHITETAIL PROPERTIES REAL ESTATE LLC
$310,000Active3 beds 1 baths1,505 sq. ft.N16304 State Highway 73, Thorp, WI 54771
MLS# 1601400Listed by: MATHISON REALTY & SERVICES LLC
$499,000Active5 beds 4 baths2,725 sq. ft.N15588 State Highway 73, Thorp, WI 54771
MLS# 1600435Listed by: RE/MAX RESULTS EAU CLAIRE
$15,500Active0.58 AcresLot 29 S Wilson Street, Thorp, WI 54771
MLS# 1563172Listed by: EDINA REALTY, INC. - CHIPPEWA VALLEY
$32,900Active0.83 AcresLot 15 Church Street, Thorp, WI 54771
MLS# 1600443Listed by: SUGAR KEY REALTY LLC
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2026 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.