An examination of 50 multifamily property transactions from 2024 through 2026 finds a mix of individual buyers, property companies, and a handful of buildings that changed hands more than once.
Published by NORTHERN PROSPECTS November 9, 2026
A duplex on Barland Street sold twice in just over two months. Another on Third Street changed owners twice in less than a year and a half. Meanwhile, one Eau Claire property company sold three duplexes during the opening months of 2024.
Those transactions are among 50 multifamily property transfers examined by Northern Prospects in central Eau Claire, covering January 2024 through September 2026.
Most involve the smaller residential buildings scattered throughout the city’s established neighborhoods: duplexes, triplexes, and modest apartment properties. These buildings seldom attract the attention given to major developments, but their sales account for an interesting slice of local real estate activity.
The sample includes 40 transactions involving two-unit properties, seven involving four-unit buildings, two involving triplexes, and one involving a five-unit property.
Reported sale prices range from $90,000 to $633,700. Twenty-four of the selected transactions occurred in 2024, followed by 18 in 2025 and eight through September 2026. The selection isn’t a complete inventory of Eau Claire multifamily sales, so those counts shouldn’t be interpreted as a market trend.
63 Days on Barland Street
At 1105 Barland Street, a two-unit property changed hands twice during the summer of 2025.
Electric Real Estate LLC purchased the property from Georgia Eaton for $110,000 on July 14. On September 15, just 63 days later, the company sold it to Andre H. Vestnes for $145,000.
The $35,000 difference represents a 31.8% increase in the reported sale price.
Whether the property underwent renovations or other improvements between sales isn’t established by the transfer records. The price difference also doesn’t account for transaction expenses or other costs incurred by the seller.
Still, a property returning to the market so quickly at a substantially higher price makes this one of the more notable transactions in the selection.
A second repeat sale occurred at 2730 Third Street.
Ryan Bohl purchased the two-unit property from Quentin T. Johnson-Volk for $262,800 on May 30, 2025. On September 9, 2026, Ryan C. Bohl sold the property to David Raatz for $275,000.
That second sale came about 15 months after the first, with a price increase of $12,200, or approximately 4.6%.
Unlike the Barland Street transaction, the Third Street property had a longer interval between transfers and a considerably smaller change in reported price.
Both properties are examples of repeat sales that become apparent when transactions are examined across multiple years rather than one month at a time.
Three Properties Sold by Jeffrey Paul Enterprises
Jeffrey Paul Enterprises LLC appears as the seller in three multifamily transactions during the first four months of 2024.
The first involved 621 Centre Street, a two-unit property that sold to Cade Brenner for $215,000 on January 23.
Less than a month later, on February 19, the company sold another duplex at 621 Davis Avenue to TBG Properties LLC for $210,000.
A third sale followed on April 17, when Kane Johnson purchased the two-unit property at 515 Balcom Street for $188,637.
Together, the three transfers accounted for $613,637 in reported consideration.
All three properties are located within central Eau Claire, although they went to different buyers.
The records don’t establish why the company sold the properties or whether it disposed of others during that period. They do, however, document three sales within less than three months.
Other companies appear repeatedly on the purchasing side of the selected transactions.
TBG Properties LLC, Lander Capital LLC, McElroy Rentals LLC, and Barland Ventures LLC each purchased two properties in the sample.
Barland Ventures, for example, acquired 1046 Barland Street for $235,000 on October 9, 2025, followed by 633 Hobart Street for $90,000 on October 30. Both properties were reported as two-unit buildings.
These purchases occurred just three weeks apart, although the available records do not indicate whether the transactions were related.
Four-Unit Properties Top $500,000
The highest-priced transaction in the sample involved a four-unit property at 618 East Grand Avenue.
Holzinger Homes LLC sold the property to Wing’s Spread Family Forest Trust for a reported $633,700 on June 14, 2024.
Another four-unit property, at 303 Talmadge Street, sold for $580,000 on August 28, 2026. The transfer lists Thomas A. Stelter as seller and 311 Talmadge LLC as buyer.
Other higher-priced transactions included a five-unit property at 529 Germania Street, which sold for $457,400 in August 2024, and a four-unit property at 2820 Birch Street, which transferred for $425,000 in August 2025.
Those prices stand well above most of the duplex transactions in the selection. Unit counts alone, however, cannot explain the differences. Building condition, property characteristics, location, and other factors all influence sale prices.
Across the 50 selected records, the transactions involve a wide assortment of buyers and sellers, from individuals purchasing a single duplex to companies acquiring or disposing of multiple properties.
Two properties sold more than once during the period examined, while several buyers and sellers appeared in multiple transactions.
For an established city like Eau Claire, where so much of the housing stock already exists, these individual transfers offer another perspective on real estate activity beyond new construction and major development announcements.
Source and methodology: Northern Prospects examined 50 selected Wisconsin Real Estate Transfer Return records matched to statewide parcel data in central Eau Claire. Conveyance dates range from January 2024 through September 2026. The selection is not a comprehensive accounting of multifamily sales in the city. Reported prices, property types, and ownership details are drawn from the source records. Transactions flagged for additional review require verification before publication.