2125 3rd Street, Eau Claire, WI 54703

Eau Claire
Local realty services provided by:ERA MyPro Realty
Listed by: elijah vlcek
Office: exp realty llc.
MLS#:1606240
Source:Metro MLS
2125 3rd Street,Eau Claire, WI 54703
$500,000
  • 1.31 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$500,000

About this home

BUY & BUILD | 38-UNIT MULTIFAMILY DEVELOPMENT OPPORTUNITY Rare opportunity to own and develop approximately 1.32 acres in Eau Claire?s growing Cannery District! This vacant parcel comes with a city-approved development plan for a 38-unit apartment community, offering investors and developers a head start on their next project. The proposed development features two apartment buildings with a mix of studio, 1-bedroom, and 2-bedroom units, along with 17 garage parking stalls and 19 surface parking stalls. Located near downtown Eau Claire, the Chippewa River, parks, trails, and ongoing redevelopment, this property is ideally positioned to take advantage of continued investment and demand for housing in the area. Pro Forma Highlights: ? 38 planned apartment units ? Approximately 1.32 acres ? $675,051 projected annual rental income ? $452,284 projected annual net operating income ? $7,528,070 projected stabilized value at a 6.0% cap rate Whether you're an experienced...

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Home facts

  • Listing ID #:1606240
  • Added:1 day(s) ago
  • Updated:October 27, 2026 at 06:02 PM

Structure and exterior

  • Lot area:1.31 Acres
  • Lot Features:Level

Utilities

  • Water:Municipal Water
  • Sewer:Sewer Laterals to Lot

Finances and disclosures

  • Price:$500,000
  • Tax amount:$5,167 (2025)

Features and amenities

  • Amenities:Electricity
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