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For sale
  • $1,295,000

    1639 Douglas AVENUE, Racine, WI 53404

    --beds
    --baths
    --sqft
    : 
    Multi Family, Apartment
    Built in 1928
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    New roof
    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.
    21 hours
    on Zillow
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    51
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    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#: 1930004MLS LogoOriginating MLS: Metro MLS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1639 Douglas AVENUE.

    Next available tour time:Today at 6:30pm

    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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