Stabilized 34-Unit (Multifamily + Commercial) with New Roof & Proven Cash Flow. Smart investors: welcome to 1639 Douglas Ave, Racine, WI--a stabilized and cash-flowing multifamily investment with immediate income and long-term upside. This 34-unit property (plus rentable commercial suite) has maintained consistently strong occupancy, & offers future rent growth potential through light operational improvements. 32 Residential units + 2 Commercial units (one is management office). New roof 2023 - major capex item off the table. Monthly gross rent: $17,700 & room to grow. Professional management willing to stay on for seamless transition.
For sale
$1,295,000
1639 Douglas AVENUE, Racine, WI 53404
--beds
--baths
--sqft
Est.:
Multi Family, Apartment
Built in 1928
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
New roof
- 21 hours
- on Zillow |
- 51 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: 16 hours ago
Listed by:
Geoffry Stuhr 414-364-2254,
Smart Asset Realty Inc
Source: WIREX MLS,MLS#: 1930004
Originating MLS: Metro MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Electric, Individual Heating Units
Cooling
- Individual Heating Units
Appliances
- Included: Seller Leased: Dryer, Seller Leased: Washer, Seller Leased: Water Heater
Features
- Basement: Partial
- Has fireplace: No
Property
Parking
- Parking features: Outdoor Space, Inside Parking, Outside
Lot
- Size: 0.4 Acres
Details
- Parcel number: 19301000
- Zoning: B-2 mixed use
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick/Stone, Brick, Stucco/Slate, Wood Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1928
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Racine
- Municipality: Racine
Financial & listing details
- Tax assessed value: $724,500
- Annual tax amount: $18,577
- Date on market: 8/6/2025
- Listing agreement: Exclusive Right To Sell
- Inclusions: 1 Refrigerator And Oven/Range Per Unit.
- Exclusions: Seller And Tenant Personal Property
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