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Duplex with Updated Major Systems
For Sale
$115,000

1351 Prospect St, Racine, WI 53404

Two-unit residential income property with R3 zoning and substantial mechanical and exterior improvements completed in 2020/2021.

Property SizeContact for details
Days on Market16

Property Features for 1351 Prospect St

General Information

Standard status Active
Property subtype Two Family Home
Zoning R3

Property Condition

Severity Repairs Needed
Evidence Only aesthetic updates left

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,876

Building Details

Year Built 1880
Buildings 1
Units 2
Listing Agency: Realty ONE Group Boardwalk
Listed By: EZ Realty Team* · License #9174894
Source: Birchwoodpropertiesllc
Added: Oct 9 Changed: Oct 22 Last Checked: Oct 22 at 2:36PM

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 Realty ONE Group Boardwalk

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Investment Insights

Based on property information with market context.

This duplex contains two residential units and was built in 1880. Work completed in 2020/2021 included replacement of the mechanical systems, electrical updates, new windows throughout, and a tear-off roof replacement. The remaining updates are aesthetic in nature.

The property is zoned R3 and is located at 1351 Prospect St in Racine, Wisconsin.

Key Highlights

  • Two‑unit duplex zoned R3
  • Built in 1880
  • Mechanical systems replaced in 2020/2021

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

590
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential income property with R3 zoning and substantial mechanical and exterior improvements completed in 2020/2021.
Where is this duplex located?
The property is located at 1351 Prospect St Racine, WI.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Two‑unit duplex zoned R3; Built in 1880; Mechanical systems replaced in 2020/2021
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