3005 17th Street Racine, WI 53405
Well-maintained five-unit property with income potential and classic charm.
- Added:
- Mar 31, 2026
- Days on Market:
- 103
- Last Refresh:
- Jul 3 at 5:32 am
Property Features for 3005 17th Street
General Information
- Standard status
- Active
- Size
- 3,395 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1927
Listing office Shorewest Realtors, Inc. (262) 488-5200
Listing date Mar 31, 2026
Source Compass
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.
Key Highlights
- Strong income potential from a fully rented 5‑unit building.
- Convenient location with consistent tenant demand.
- Each unit has 1 bedroom and 1 bathroom with hardwood floors.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.1k | $18.00 |
| − Vacancy | −$2.4k | −$0.72 |
| EGI | $58.7k | $17.28 |
| − OpEx | −$26.4k | −$7.78 |
| NOI | $32.3k | $9.50 |
