Licensed Lodging
For Sale
Contact for pricing
512 8th St, Racine, WI 53403
Licensed 13-room lodging house with shared kitchen/dining and two full bathrooms, with capital improvements completed in 2005.
Property SizeContact for details
Days on Market123
Property Features for 512 8th St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
12.25%
Multifamily Units
13
Building Details
Year Renovated
2005
Listing Agency:
Coldwell Banker Commercial
(312) 860-4043
Listed By:
Paul Proano · License #IL 475.170890
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 2:48PM
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 Commercial
Investment Insights
Based on property information with market context.
This licensed 13-room lodging house is configured as a rooming-house “living arrangement,” with guests sharing common space rather than self-contained units. The property includes one common area kitchen with dining area and two full bathrooms to support the overall layout. Reported unit sizes range from 80 to 100 square feet.
Capital improvements to the building were completed in 2005, including updated wiring, plumbing, roof, tuck pointing/brick restoration, gutters, downspouts, storm systems, floors, kitchen updates, updated bathrooms, and installation of a new tankless hot water heater.
The property is located at 512 8th St in Racine, Wisconsin.
Capital improvements to the building were completed in 2005, including updated wiring, plumbing, roof, tuck pointing/brick restoration, gutters, downspouts, storm systems, floors, kitchen updates, updated bathrooms, and installation of a new tankless hot water heater.
The property is located at 512 8th St in Racine, Wisconsin.
Key Highlights
- Licensed 13‑room lodging house (rooming house) with a shared kitchen/dining area and two full bathrooms
- Property updates completed in 2005 including updated wiring, plumbing, roof, tuck pointing/brick restoration, gutters, and downspouts
- Additional 2005 improvements include new tankless hot water heater, floors, kitchen updates, and updated bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
1,462
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Licensed 13-room lodging house with shared kitchen/dining and two full bathrooms, with capital improvements completed in 2005.
Where is this short term rental property located?
The property is located at 512 8th St Racine, WI.
What are key features of this property?
This property features: Licensed 13‑room lodging house (rooming house) with a shared kitchen/dining area and two full bathrooms; Property updates completed in 2005 including updated wiring, plumbing, roof, tuck pointing/brick restoration, gutters, and downspouts; Additional 2005 improvements include new tankless hot water heater, floors, kitchen updates, and updated bathrooms
