Five-Unit Apartment Building with
For Sale
$499,900
512 16th St, Racine, WI 53403
Fully rented apartment property with updated units, a dry basement, and an unused garage.
Property SizeContact for details
Days on Market8
Property Features for 512 16th St
General Information
Standard status
Active
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
5
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Coldwell Banker Homesale Realty - Wauwatosa
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Sep 20
Changed: Sep 26
Last Checked: Sep 26 at 7:25AM
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 Coldwell Banker Homesale Realty - Wauwatosa
Investment Insights
Based on property information with market context.
Built in 1920, this five-unit apartment property includes a mix of two- and three-bedroom residences, each with one bathroom. The units were updated 4–5 years ago, and the building has a dry basement. A four-car garage is included but is not currently being used. The property is fully rented, with a roof installed in April 2025.
The building is located at 512 16th St in Racine, Wisconsin, approximately 4 blocks from Racine Beach. Its residential configuration, recent unit updates, newer roof, basement, and garage provide a clear overview of the existing improvements.
The building is located at 512 16th St in Racine, Wisconsin, approximately 4 blocks from Racine Beach. Its residential configuration, recent unit updates, newer roof, basement, and garage provide a clear overview of the existing improvements.
Key Highlights
- Five‑unit apartment building with 2–3 bedrooms and 1 bathroom per unit
- Units updated 4–5 years ago
- Roof installed in April 2025
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
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Business Placement
Demographics for 53403, WI
26,269
Population
11,876
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
88%
High-School Grad
10.2 sq mi
ZIP Area
2,575
Density / Sq Mi
$58,274
Median Household Income
$37,130
Median Earnings
$1,029
Median Rent
$159,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully rented apartment property with updated units, a dry basement, and an unused garage.
Where is this apartment building located?
The property is located at 512 16th St Racine, WI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Five‑unit apartment building with 2–3 bedrooms and 1 bathroom per unit; Units updated 4–5 years ago; Roof installed in April 2025
