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Are you looking to expand your rental portfolio, invest in a multi-unit property, or purchase a home that can help pay for itself? This unique opportunity features two homes situated on nearly 2 acres right in the City of Rice Lake. The main home offers 4 bedrooms and 1 bathroom, an easy-flowing main level layout, and the convenience of both main-level laundry and main-level bath as well as an attached garage. Each bedroom is generously sized, making the home comfortable for families or future tenants. The second residence is a charming 1-bedroom, 1-bathroom home with an open-concept design and its own 1-car detached garage, perfect for rental income, guests, or multi-generational living. Outdoors, enjoy the rare amount of yard space this in-town property provides, ideal for gardening, recreation, or future expansion. Plus, you will appreciate all the perks of city living, including city water and sewer, and easy access to groceries, healthcare, schools, and shopping. Whether you are an investor or owner-occupant, this property offers flexibility, income potential, and space that is hard to find within the city limits.