Racine, WI Multifamily Properties for Sale

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Updated: Mar 27

Mixed-Use Retail and Apartments

1116 Grove AVENUE, Racine, WI 53405

$419,900

4,000 sqft

Mixed‑use building with 2 retail business spaces on the ground level and 2 apartments on the second floor
Potential income from all 4 units in excess of $4,700/month, with a barber shop and beauty shop on the first floor
Roof is about 2 years old and includes a 20‑year transferable warranty for materials and labor
Year built: 1969
Ample side‑and‑rear parking; 3 parking spaces noted

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This listing looks promising.

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1116 Grove AVENUE, Racine, WI 53405

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Est. Cap Rate

9.1%
Above avg (5.9%)
Est. NOI

$38K
Annual
Price @ 7% Cap

$543K
Above asking
Last Sold

Jun 2023
$174K
Property Type

Commercial Office/Residential (Mixed Use)
Built 1969

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Updated: Jul 9

Multi-Property Residential and Bar Portfolio

1120 Mound Ave, Racine, WI 53404

$749,000

7,673 sqft 0.41 AC lot

Multi‑property package includes 3 single‑family homes at 1102 Mound, 1108 Mound, and 1120 Mound
Additional buildings include a 4‑unit home at 1115 Liberty
Bar included at 1117 Liberty (bar at 1102 Mound listed separately as MLS# 1962212)
Year built listed as 1880

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Brick Apartment Buildings with 16 Units

3111 Wheelock Dr, Racine, WI 53405

$1,950,000

0.54 AC lot

Two brick buildings offer 16 apartments with in-unit air conditioning across one- and two-bedroom layouts.

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Updated Triplex

1746 Chatham St, Racine, WI 53402

$299,900

0.10 AC lot

Three residential units feature recent improvements and a mix of month-to-month and annual lease arrangements.

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Three-Story Brick Mixed-Use Building

330 Main St, Racine, WI 53403

$589,997

7,000 sqft

Three-story brick building with commercial space and two renovated upper residences, plus updates including a newer roof.

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78-Unit Apartment Building

134 Main St, Racine, WI 53403

$11,000,000

0.88 AC lot

Apartment complex with one-, two-, and three-bedroom units plus in-unit laundry and central air.

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Updated Four-Unit Quadplex

1220 N Wisconsin St, Racine, WI 53402

$300,000

0.13 AC lot

Four-unit residential property with two-bedroom, one-bedroom, and two efficiency apartments.

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Three-Story Mixed-Use Building

335 Main St, Racine, WI 53403

$299,000

5,400 sqft

Commercial storefront space is combined with six residential units in a downtown building near Racine’s lakefront.

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Updated Triplex with Rented Units

739 Villa Street, Racine, WI 53403

$259,900

4,791 sqft

Triplex featuring an updated three-bedroom unit and two currently rented units generating income.

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Two-Story Mixed-Use Office Building

403 6th STREET, Racine, WI 53403

$279,000

3,280 sqft

Two-story commercial building offers two separate units with finished office space, kitchens, and full basement.

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Updated Duplex

413 Park View Dr, Racine, WI 53404

$149,999

1,500 sqft

Two residential units offer a practical two-bedroom, one-bath configuration.

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Five-Unit Residential Income Property

311 11th Street, Racine, WI 53403

$429,900

4,200 sqft

Five rental units include two 2-bedroom and three 1-bedroom layouts with eat-in kitchens and in-unit appliances.

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Duplex With Off-Street Parking

2304 Thor Ave, Racine, WI 53405

$214,999

1,710 sqft

Two-unit property with month-to-month leases, yard space, and a recently installed water heater.

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Southside Duplex with Detached Garage

2818 GILSON ST, Racine, WI 53403

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3,036 sqft

Two-unit duplex features a detached two-car garage and a full basement with separate utilities for each unit.

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Renovated Mixed-Use Income Property

628 Main St, Racine, WI 53403

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3,000 sqft

Renovated mixed-use building with over 3,000 sq ft of leased commercial space and three updated residential units.

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Remodeled Three-Unit Property

1027 Albert Street, Racine, WI 53404

$299,000

Three-unit residential property with varied bedroom layouts, basement laundry, storage, and a mix of vacant and occupied units.

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Retail Storefront with Apartments

2713 Durand Ave, Racine, WI 53403

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4,272 sqft

Mixed-use building with storefront retail space plus updated 2- and 3-bedroom apartments, along with rear garage access and parking.

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Two-Unit Duplex With Garage

1801 Flett Ave, Racine, WI 53403

$249,900

Matching three-bedroom residences include separate utility systems and a private, fully fenced backyard.

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Turnkey Four-Unit Residential Property

1220 N Wisconsin St, Racine, WI 53402

$300,000

Turnkey four-unit building with upgraded windows, refreshed kitchens and bathrooms, new flooring, and exterior improvements.

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Renovated Duplex with Fenced Yard

918 Peck Ave, Racine, WI 53404

$249,900

Two-bedroom units offer updated interiors, enclosed yard space, and proximity to schools, shopping, parks, and commuter routes.

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Remodeled Mixed-Use Building

607 6th St, Racine, WI 53403

$389,900

Dual street access and expansive first-floor retail space with full basement storage, plus three occupied upstairs apartments.

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Updated Two-Family Duplex

1646 Center St, Racine, WI 53403

$239,900

Rented duplex in Racine with comprehensive mechanical and building-system updates.

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Licensed Lodging House

512 8th St, Racine, WI 53403

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Licensed 13-room lodging house with shared kitchen/dining and two full bathrooms, with capital improvements completed in 2005.

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Multifamily Apartment Building

225 Anthony Ln, Racine, WI 53404

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Apartment building offers strong current occupancy and a renovation-focused positioning in Southeast Wisconsin.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 24 Active Listings in Racine, WI, we suggest to view alternatives - similar 3 Off-Market properties to explore as potential leads.

Racine, WI Multifamily Properties Market Trends and Statistics

Explore 27 multifamily properties for sale in Racine, WI, showcased through 24 active listings on our real estate platform. These investment opportunities span a total of 49,862 square feet of properties for sale, with an estimated market value of $18,670,195.

Sale prices for multifamily properties in Racine, WI start at $149,999, averaging $982,641, and reaching up to $11,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 128K

Population Growth (5Y) -0.5%

Median Household Income $67,844

College Educated 20.7%

High-Yield Neighborhoods for Investment

Identify Racine submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
53402	$268.8K
53404	$449.5K
53405	$1.2M
53403	$1.7M

Taxes & Financing

Tax Rate (average for all types) 2.25%

Property Tax per SF $24.95 per SF

Tax Rate vs County Average 0.46 pp above county avg

Average Loan-to-Value 65.0%

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Racine fall within the 100,000+ square foot range.

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