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1218 & 1222 Lake Shore Dr W, 
Ashland, WI 54806

$450,000


8

Beds


5

Baths


4,200

Sq Ft


Multi-Family

Active

Listed by

Kevin Porter

Porter Realty LLC.

Last updated:

October 4, 2026, 03:49 PM

MLS#

6128262

Source:

MN DAAR

About This Home

1218 & 1222 Lake Shore Dr W

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.

Home Facts

Multi-Family

5 Baths

8 Bedrooms

Built in 1950

Price Summary

450,000

$107 per Sq. Ft.

MLS #:

6128262

Last Updated:

October 4, 2026, 03:49 PM

Added:

4 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

5

Interior

Living Area:

4,200 Sq. Ft.


Structure

Structure

Building Area:

4,200 Sq. Ft.

Year Built:

1950


Lot

Lot Size (Sq. Ft):

14,810


Finances & Disclosures

Finances

Price:

$450,000

Price per Sq. Ft:

$107 per Sq. Ft.

Source:MN DAAR
2026, Lake Superior Area REALTORS, Inc.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.