Here we have a rare 5 unit building cash flowing at almost $5000 per month. 4 blocks from the beautiful Racine Beach. All feature 2-3 bedrooms with 1 bathroom. Units were all updated 4-5 years ago. Roof was installed in April of 2025. Dry basement and untapped income potential of 4 car garage that is not being utilized currently. Fully rented and turn key do not miss out on your chance to own this quality investment.
Active
$499,900
512 16th STREET, Racine, WI 53403
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Dry basement
- 10 hours
- 7
- 0
Zillow last checked:
Listing updated:
Listed by:
Lance Wooten Team* 262-424-9888,
Riverwest Realty Milwaukee
Source: WIREX MLS,MLS#: 1981365
Originating MLS: Metro MLS
Facts & features
Interior
Heating
- Natural Gas
Features
- Basement: Block,Full
- Has fireplace: No
Property
Parking
- Parking features: Indoor Space, Inside Parking, Outside
- Has garage: Yes
Lot
- Size: 8,712 Square Feet
Details
- Parcel number: 01235000
- Zoning: B1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick/Stone, Brick, Wood Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Racine
- Municipality: Racine
Financial & listing details
- Annual tax amount: $8,204
- Date on market: 9/19/2026
- Inclusions: 5 Refrigerators, 5 Stoves
- Exclusions: Tenant's Personal Property
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2026 | Listed for sale | $499,900 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Live Towerview
Nearby schools
Schools provided by the listing agent
- District: Racine
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






