1639 Douglas AVENUE, Racine, WI 53404

Local realty services provided by:ERA MyPro Realty
#1#2#3
Listed by:geoffry stuhr
Office:smart asset realty inc
MLS#:1930004
Source:Metro MLS
1639 Douglas AVENUE,Racine, WI 53404
$1,295,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,295,000

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1928
  • Listing Id #:1930004
  • Added:9 day(s) ago
  • Updated:August 15, 2025 at 03:23 PM

Heating and cooling

  • Heating:Electric, Individual Heating Units

Structure and exterior

  • Year built:1928
  • Lot area:0.4 Acres

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$1,295,000
  • Tax amount:$18,577 (2024)
The information being provided by Wisconsin Real Estate Exchange is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by seller and other third parties and has not been verified. 2025 Wisconsin Real Estate Exchange All rights reserved.

New listings near 1639 Douglas AVENUE