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Brick Apartment Building with Elevator
For Sale
Contact for pricing
Pending

1422 E Racine Ave, Waukesha, WI 53186

Three-story multifamily property with mixed one- and two-bedroom units, parking, and on-site laundry.

Property SizeContact for details
Days on Market140

Property Features for 1422 E Racine Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Shorewest Realtors, Inc
Listed By: Mike Roth · License #WI
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 4:46AM

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 Shorewest Realtors, Inc

Investment Insights

Based on property information with market context.

This 36-unit apartment building is constructed of brick and arranged across three stories. The unit mix includes 22 two-bedroom residences and 14 one-bedroom residences, supported by an elevator and a laundry room equipped with coin-operated washers and dryers. Parking includes 26 underground spaces and 24 outdoor spaces.

Located at 1422 E Racine Ave in Waukesha, Wisconsin, the property sits in a wooded setting. A roof replacement dates to 2022, while water heaters were updated in 2019 and 2024.

Key Highlights

  • 36‑unit apartment building with 22 two‑bedroom and 14 one‑bedroom units
  • All‑brick, 3‑story construction with elevator service
  • 26‑car underground parking spaces plus 24 outdoor spaces

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Restaurant Nail Salon HVAC Service Real Estate Agency Hair Salon Daycare Center

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

Location Intelligence

Trade Area within ½ mile

291
Businesses Nearby

Demographics for 53186, WI

32,332
Population
15,066
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,566
Density / Sq Mi
$74,596
Median Household Income
$42,007
Median Earnings
$1,180
Median Rent
$277,800
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?
Apartment building - Three-story multifamily property with mixed one- and two-bedroom units, parking, and on-site laundry.
Where is this apartment building located?
The property is located at 1422 E Racine Ave Waukesha, WI.
What are key features of this property?
This property features: 36‑unit apartment building with 22 two‑bedroom and 14 one‑bedroom units; All‑brick, 3‑story construction with elevator service; 26‑car underground parking spaces plus 24 outdoor spaces
More about this property
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