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Remodeled Three-Unit Property
For Sale
$299,000

1027 Albert Street, Racine, WI 53404

Three-unit residential property with varied bedroom layouts, basement laundry, storage, and a mix of vacant and occupied units.

Property SizeContact for details
Days on Market14

Property Features for 1027 Albert Street

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 2 x 3BR, 1 x 2BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $4,655

Amenities

coin-operated laundry
storage space
Listing Agency: Movoto, Inc.
Listed By: Natalie Masse · License #471021534
Source: Exprealty
Added: Aug 12 Changed: Aug 25 Last Checked: Aug 25 at 10:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Movoto, Inc.

Investment Insights

Based on property information with market context.

This three-unit residential property includes two three-bedroom units and one two-bedroom unit. Units 2 and 3 have undergone remodeling, while Unit 2 is vacant and available for occupancy. Units 1 and 3 are occupied, and their current tenants have expressed interest in staying. The basement adds shared functionality with coin-operated laundry equipment consisting of two washers and two dryers, plus storage space for tenant use.

Recent property updates include a 2019 roof and three water tanks installed in 2018, 2019, and 2020. Tenants pay their own electric and gas expenses. The property is located at 1027 Albert Street in Racine, Wisconsin.

Key Highlights

  • Three‑unit property with two 3‑bedroom units and one 2‑bedroom unit
  • Units 2 and 3 have been remodeled
  • Unit 2 is vacant; Units 1 and 3 are tenant‑occupied

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Grocery & Convenience Store (Bike/Boat/Book/etc) Store Skin Care Clinic Acupuncture Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

927
Businesses Nearby

Demographics for 53404, WI

15,532
Population
5,110
Households
3
Avg Household Size
32
Median Age
13%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
3,170
Density / Sq Mi
$47,714
Median Household Income
$35,419
Median Earnings
$968
Median Rent
$126,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit residential property with varied bedroom layouts, basement laundry, storage, and a mix of vacant and occupied units.
Where is this triplex located?
The property is located at 1027 Albert Street Racine, WI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three‑unit property with two 3‑bedroom units and one 2‑bedroom unit; Units 2 and 3 have been remodeled; Unit 2 is vacant; Units 1 and 3 are tenant‑occupied
More about this property
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