Real Estate Investment Properties for Sale in Phelps, WI

Looking for investment property in Phelps, WI with high ROI ?

Explore a variety of short-term homes & houses in Phelps, WI. Invest wisely with VRBO & Phelps, WI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Phelps, WI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1216 CTH A Phelps, WI 30 ac accompanies this furnished 2 BD, 1 BA home w/ pole building located near the Nicolet...	2 beds \| 1 baths \| 1,243 sq.ft.	$389,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 2.89% Airbnb Rental Income: $1253 Traditional Rental Income: $1686 Airbnb ROI: 0.61% Traditional ROI: 2.89%
5699 THUNDER BAY LN #9 Phelps, WI Turn-Key 2 Bedroom Condo on Lac Vieux Desert â Phelps, WI. Experience this 2-bedroom, 1-...	2 beds \| 1 baths \| 549 sq.ft.	$169,000	Airbnb cash on cash: 3.17% Traditional cash on cash: 7.35% Airbnb Rental Income: $1253 Traditional Rental Income: $1528 Airbnb ROI: 3.17% Traditional ROI: 7.35%
2379 MAPLE BRANCH RD Phelps, WI This inviting duplex offers two mirror-image 2-bedroom, 1-bath units, each complete with a...	4 beds \| 2 baths \| 1,200 sq.ft.	$184,500	Airbnb cash on cash: 2.48% Traditional cash on cash: 7.76% Airbnb Rental Income: $1253 Traditional Rental Income: $1781 Airbnb ROI: 2.48% Traditional ROI: 7.76%
2353 HWY 17 Phelps, WI This renovated home is now inviting new owners! Sitting on .22 acres, just across the road...	1 beds \| 1 baths \| 816 sq.ft.	$199,000	Airbnb cash on cash: 4.78% Traditional cash on cash: 3.36% Airbnb Rental Income: $1727 Traditional Rental Income: $981 Airbnb ROI: 4.78% Traditional ROI: 3.36%
1994 SIMPSON RD Phelps, WI Newly constructed, modern home nestled on 5 wooded acres near Lac Vieux Desert in Phelps, ...	3 beds \| 2 baths \| 1,440 sq.ft.	$449,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 3.54% Airbnb Rental Income: $1672 Traditional Rental Income: $2158 Airbnb ROI: 1.27% Traditional ROI: 3.54%
3980 PEDERSEN TR Phelps, WI Spectacular North & South Twin offering! 4 bedroom home with over 1,020' of prime water fr...	4 beds \| 3 baths \| 2,004 sq.ft.	$1,950,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.32% Airbnb Rental Income: $null Traditional Rental Income: $3044 Airbnb ROI: N/A Traditional ROI: 0.32%
3172 HARRY PATTERSON DR Phelps, WI Lac Vieux Desert Lk- 4,000+ acres of lake surface providing extensive recreational opportu...	3 beds \| 2 baths \| 2,041 sq.ft.	$529,900	Airbnb cash on cash: 0.69% Traditional cash on cash: 4.03% Airbnb Rental Income: $1672 Traditional Rental Income: $2854 Airbnb ROI: 0.69% Traditional ROI: 4.03%
2826 LUPINE LN Phelps, WI Welcome to 3,500 North & South Twin Lake, located in the quiet town of Phelps, WI. This qu...	2 beds \| 2 baths \| 1,405 sq.ft.	$695,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 1.93% Airbnb Rental Income: $1253 Traditional Rental Income: $2320 Airbnb ROI: -0.33% Traditional ROI: 1.93%
2974 OAK RIDGE LN Phelps, WI Discover the charm of Northwoods with this classic year-round cabin on the beautiful 4,000...	2 beds \| 1 baths \| 610 sq.ft.	$199,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 5.62% Airbnb Rental Income: $1253 Traditional Rental Income: $1466 Airbnb ROI: 2.38% Traditional ROI: 5.62%
738 &742 LIVINGSTON RD Phelps, WI Discover the ultimate retreat on the picturesque shores of Big Sand Lake in Phelps surroun...	3 beds \| 4 baths \| 3,076 sq.ft.	$1,595,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 1.92% Airbnb Rental Income: $1672 Traditional Rental Income: $5035 Airbnb ROI: -0.67% Traditional ROI: 1.92%
2206 SOUTH SHORE RD Phelps, WI Offered for the first time in over 5 years, this legacy property on 4,000-acre Lac Vieux D...	4 beds \| 5 baths \| 4,403 sq.ft.	$1,150,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.68% Airbnb Rental Income: $null Traditional Rental Income: $5769 Airbnb ROI: N/A Traditional ROI: 3.68%
2417 NORTH BAY LN Phelps, WI Lakefront living at its finest! This 3BR/3BA, 2,186 sq ft home on 1 acre with 150' of shor...	3 beds \| 3 baths \| 2,186 sq.ft.	$795,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 2.76% Airbnb Rental Income: $1672 Traditional Rental Income: $3218 Airbnb ROI: 0.04% Traditional ROI: 2.76%
3565 DEERSKIN RD Phelps, WI Escape to your own private 10-acre sanctuary!This unique 4BR, 3BA property offers the perf...	4 beds \| 3 baths \| 2,995 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $3203 Airbnb ROI: N/A Traditional ROI: 5.01%
5271 SUGAR MAPLE RD Phelps, WI Discover this charming year-round home nestled on a peaceful, paved town road, offering ul...	2 beds \| 1 baths \| 1,344 sq.ft.	$219,900	Airbnb cash on cash: 2.09% Traditional cash on cash: 6.89% Airbnb Rental Income: $1253 Traditional Rental Income: $1856 Airbnb ROI: 2.09% Traditional ROI: 6.89%
2674 SUNRISE CR Phelps, WI Escape to your own private retreat in the heart of the Northwoods with this 3-bedroom, 1 b...	3 beds \| 1 baths \| 1,096 sq.ft.	$295,000	Airbnb cash on cash: 2.47% Traditional cash on cash: 4.51% Airbnb Rental Income: $1672 Traditional Rental Income: $1769 Airbnb ROI: 2.47% Traditional ROI: 4.51%
2952 KERR LN Phelps, WI Family Compound, Corporate Retreat, or the Ultimate Legacy Property! Experience refined No...	4 beds \| 4 baths \| N/A	$2,999,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.16% Airbnb Rental Income: $null Traditional Rental Income: $4370 Airbnb ROI: N/A Traditional ROI: 0.16%
2952 A KERR LN Phelps, WI Family Compound, Corporate Retreat, or the Ultimate Legacy Property! Experience refined No...	4 beds \| 4 baths \| N/A	$3,499,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.15% Airbnb Rental Income: $null Traditional Rental Income: $4375 Airbnb ROI: N/A Traditional ROI: -0.15%
5695 ANTON TRL Phelps, WI Step into the charm of this full-log cabin on the peaceful shores of Lac Vieux Desert, whe...	2 beds \| 1 baths \| N/A	$650,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 1.48% Airbnb Rental Income: $1253 Traditional Rental Income: $1847 Airbnb ROI: -0.15% Traditional ROI: 1.48%

Real Estate investment in Phelps, WI

There are 18 properties for sale in the city of Phelps . The median list price in Phelps is $514,900 and the average price per square foot is $292. In November 2025, the average monthly cash on cash return in Phelps is 3.00%. The average monthly rental income in Phelps is $2,239.

Phelps, WI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 18 investment properties available for sale in Phelps.

In 2025, the best neighborhood to buy investment property is Phelps.

The ROI for Long-Term is higher than the Short-Term in Phelps with average rental income of $2,239.

Your search for investment property begins and ends here

Investment Property for Sale in Phelps, WI

1216 CTH A

Phelps, WI

2 beds | 1 baths | 1,243 sq.ft.

$389,000

Airbnb cash on cash: 0.61%

Traditional cash on cash: 2.89%

Airbnb Rental Income: $1253

Traditional Rental Income: $1686

Airbnb ROI: 0.61%

Traditional ROI: 2.89%

5699 THUNDER BAY LN #9

Phelps, WI

2 beds | 1 baths | 549 sq.ft.

$169,000

Airbnb cash on cash: 3.17%

Traditional cash on cash: 7.35%

Airbnb Rental Income: $1253

Traditional Rental Income: $1528

Airbnb ROI: 3.17%

Traditional ROI: 7.35%

2379 MAPLE BRANCH RD

Phelps, WI

4 beds | 2 baths | 1,200 sq.ft.

$184,500

Airbnb cash on cash: 2.48%

Traditional cash on cash: 7.76%

Airbnb Rental Income: $1253

Traditional Rental Income: $1781

Airbnb ROI: 2.48%

Traditional ROI: 7.76%

2353 HWY 17

Phelps, WI

1 beds | 1 baths | 816 sq.ft.

$199,000

Airbnb cash on cash: 4.78%

Traditional cash on cash: 3.36%

Airbnb Rental Income: $1727

Traditional Rental Income: $981

Airbnb ROI: 4.78%

Traditional ROI: 3.36%

1994 SIMPSON RD

Phelps, WI

3 beds | 2 baths | 1,440 sq.ft.

$449,000

Airbnb cash on cash: 1.27%

Traditional cash on cash: 3.54%

Airbnb Rental Income: $1672

Traditional Rental Income: $2158

Airbnb ROI: 1.27%

Traditional ROI: 3.54%

3980 PEDERSEN TR

Phelps, WI

4 beds | 3 baths | 2,004 sq.ft.

$1,950,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.32%

Airbnb Rental Income: $null

Traditional Rental Income: $3044

Airbnb ROI: N/A

Traditional ROI: 0.32%

3172 HARRY PATTERSON DR

Phelps, WI

3 beds | 2 baths | 2,041 sq.ft.

$529,900

Airbnb cash on cash: 0.69%

Traditional cash on cash: 4.03%

Airbnb Rental Income: $1672

Traditional Rental Income: $2854

Airbnb ROI: 0.69%

Traditional ROI: 4.03%

2826 LUPINE LN

Phelps, WI

2 beds | 2 baths | 1,405 sq.ft.

$695,000

Airbnb cash on cash: -0.33%

Traditional cash on cash: 1.93%

Airbnb Rental Income: $1253

Traditional Rental Income: $2320

Airbnb ROI: -0.33%