128/130 King St E, Rhinelander, WI 54501

Property Description

A rare opportunity to own two homes on one city lot in Rhinelander. Located just minutes from downtown, 130 & 128 E. King Street offer strong investment potential with an excellent rental history and extensive owner care over the years. The front home offers approximately 937 square feet with a spacious kitchen and dining area, comfortable living room, two bedrooms, a full bath, and an office that could serve a variety of uses. Recent improvements include a high-efficiency fireplace insert with a new chimney liner, gas stove, newer refrigerator, updated bathroom fixtures, replacement flooring in select areas, and numerous mechanical and electrical updates. The back home offers approximately 633 square feet with a kitchen, living room, bedroom, office, and full bath. Major updates in 2022 included a new furnace, electric water heater, and whole-house dehumidifier. Both homes include full basements with washer and dryer, separate mechanical systems, radon mitigation, and numerous improvements designed to simplify future ownership. Additional updates include whole-house dehumidifiers, updated plumbing fixtures, improved drainage, newer gutters on the back home, chimney repairs, generator hookup with an included tri-fuel generator, RV hookup, EV charging outlet, and a custom-built 8x12 storage shed with loft and workbench. The property also features gravel driveway improvements, raised garden beds, walkways, and attractive outdoor spaces. Whether you're looking to expand your investment portfolio or live in one home while generating income from the other, this well-maintained property offers flexibility, solid rental appeal, and the peace of mind that comes from years of thoughtful improvements.