Buy as a rental.
Live in half.
Or make it one home.
234 N Washington Street. Currently an up/down duplex with both units rented. Keep it that way, live in one unit while the other pays the mortgage, or convert it back to a single-family home. Refinished hardwood, updated lower bath, laundry for each apartment, detached garage, deep side yard.
*Occupancy and rents as reported by the owner; leases available to qualified buyers on request.
The numbers
Owner-reported current rents. Every unit is on month-to-month or lease terms the seller will share with serious buyers.
| Unit | Monthly rent | Annual |
|---|---|---|
| Lower | $600 | $7,200 |
| Upper | $550 | $6,600 |
| Total | $1,150 / mo | $13,800 / yr |
Scheduled gross rent, not audited collections. Current rents sit well below advertised Lancaster two-bedroom asking rents; verify condition and leases before underwriting any increase.
What Lancaster two-bedrooms are asking right now
| Listing | Size | Asking |
|---|---|---|
| 533 W Cherry St · 2 bd / 1 ba | 677 sq ft | $900 / mo |
| 344 W Cherry St #3 · 2 bd / 1 ba | 837 sq ft | $1,000 / mo |
| Arrow Ridge Apartments · 2 bd (newer complex) | — | from $1,250 / mo |
| 234 N Washington, in-place average | 2 units | $575 / mo |
Advertised asking rents on Zillow and Homes.com as of Nov 9, 2026. These are asks, not signed leases or matched comparables; income-restricted listings excluded. Arrow Ridge is a newer complex and a different product tier.
Three ways to own it
- Investor. Two occupied units, one shared furnace, two water heaters, its own parcel and garage. Hold it as is, or buy it with the seller's four units on W Nathan St.
- House-hacker. Live in the lower unit (refinished hardwood, white kitchen, updated bath, in-unit laundry) and let the $550 upstairs rent cover a big piece of the payment.
- Single-family buyer. The layout lends itself to going back to one home: roughly 2,000 sq ft, four bedrooms, two baths, two kitchens to work with, a garage and a yard most Lancaster houses at this price don't have. Buyer to confirm conversion requirements with the City of Lancaster.
- Rent upside to test. Average in-place rent is $575/unit; current Lancaster two-bedroom asks run $900–$1,000 (table above).
Explore the home in 3D
Walk through 234 N Washington Street at your own pace before scheduling a showing.
Photos
Explore both apartments, the exterior and the garage. Select any photo for a larger view.
How showings work
- 3D walkthrough first. Out of courtesy to the tenants, buyers tour the units virtually before requesting an in-person visit.
- 24-hour tenant notice for all in-person showings.
- Qualified buyers receive leases, the rent ledger and expense history on request.
- Flexible terms. Buy it alone or with 406–408 W Nathan St. Owner-occupant timing depends on current lease terms; ask Jeremy.
Property facts
| Address | 234 N Washington St, Lancaster, WI 53813 |
| Parcel | 246-00057-0000 |
| Current use | 2-unit up/down duplex; single-family conversion possible (buyer to verify with City) |
| Size | Approx. 2,086 sq ft per assessor |
| Garage | Detached, with workshop space |
| Heat | One furnace serves both units |
| Water heaters | Two, one per unit |
| Laundry | Laundry for each apartment |
| Asking price | $185,000 |
| Listing | Fishnick Realty Advisors · LPT Realty |
Ready for the next step?
The rent roll and photos are above. From here, ask for the 3D walkthrough, the leases and expense history, or set up an in-person showing.
[email protected] · Share this page: text WASHINGTON to 866-361-2564 and the link comes right back.
Jeremy Fishnick
Fishnick Realty Advisors · LPT Realty · Lancaster, WI. Licensed Wisconsin real estate agent and home inspector, and an active investor in Grant County rentals. Straight answers on condition, rents and what the numbers will actually do.
608-732-2564