1639 Douglas AVENUE, Racine, WI 53404

Local realty services provided by:ERA MyPro Realty
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.

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Home facts

  • Year built:1928
  • Listing ID #:1930004
  • Added:55 day(s) ago
  • Updated:August 26, 2025 at 03:08 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)
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