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Racine, WI Multifamily Homes & Duplexes for Sale

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  • /2

    $2,300,000

    • 11,284 Sq Ft

    3111 Wheelock Dr, Racine, WI 53405

    ''Rare opportunity to own two solid brick apartment buildings totaling 16 units in a prime Hwy 11 location. The property includes eight 2-bedroom and eight 1-bedroom units, with updates in six of the 2-bedrooms and five of the 1-bedrooms. These updated units feature modern appliances, granite countertops, new lighting packages, and refreshed bathrooms. Each unit is equipped with in-unit air

    Agent Photo

    Karen Sorenson

    RE/MAX Newport

    (262) 373-6946

    3111 Wheelock Dr, Racine, WI 53405
  • /17

    $270,000

    943 Superior St, Racine, WI 53404

    This four-unit rental property is a prime investment opportunity, boasting excellent cash flow and full occupancy. Each of the four units is currently leased and tenants pay all of the utilities ensuring minimal expenses for the owner. Ample street parking is available as well as 3 off street parking spots. It has a large fenced in shared yard. Whether you are a seasoned investor or looking to

    Jennifer Kortendick Realty ONE Group Boardwalk

    943 Superior St, Racine, WI 53404
  • /20

    $435,000

    • 3,420 Sq Ft

    4032 Marquette Dr, Racine, WI 53402

    Now is your chance to pick up the investment property you have been waiting for! This brick 4-family has been well cared for and is centrally located and close to everything you and/or your tenants may need. This property is comprised of four (4) spacious 2-bedroom, 1-bathroom units, each with large living rooms and eat-in kitchens. Common areas and basement are well maintained, with storage

    Dennis Elverman Century 21 Benefit Realty

    4032 Marquette Dr, Racine, WI 53402
  • /16

    $1,295,000

    1639 Douglas Ave, Racine, WI 53404

    Stabilized 34-Unit (Multifamily + Commercial) with New Roof & Proven Cash Flow. Smart investors: welcome to 1639 Douglas Ave, Racine, WIa stabilized and cash-flowing multifamily investment with immediate income and long-term upside. This 34-unit property (plus rentable commercial suite) has maintained consistently strong occupancy, & offers future rent growth potential through light operational

    Geoff Stuhr Smart Asset Realty Inc

    1639 Douglas Ave, Racine, WI 53404
  • /12

    $325,000

    1231 Marquette St, Racine, WI 53404

    Exceptional Cash-Flowing Four-Family Property in Racine. This property currently generates $3,625 per month in rental income, with potential for growth. Two of the four units have been converted into three-bedroom layouts. You also have the opportunity to transform the remaining two units, maximizing your investment!

    Adam Pischke ReBelle Realty

    1231 Marquette St, Racine, WI 53404
  • /25

    $295,000

    • 2,018 Sq Ft

    1220 N Wisconsin St, Racine, WI 53402

    GREAT INCOME PRODUCER! This well-maintained 4-family property includes a mix of units: one spacious 2-bedroom, one 1-bedroom, one large efficiency, and one smaller efficiencyideal for maximizing rental income. Recent updates throughout include modern flooring, refreshed kitchens and bathrooms, and updated fixtures, offering turnkey appeal for both tenants and investors. Located within walking

    Joseph Singsheim Keller Williams Realty-Milwaukee Southwest

    1220 N Wisconsin St, Racine, WI 53402
  • /18

    $799,000

    831 College Ave, Racine, WI 53403

    Solid 12-unit brick apartment building in Racine, ideally located near Lake Michigan. All units feature 1 bedroom and 1 bathroom with practical layouts and and original woodwork. This property offers consistent rental income and strong tenant appeal. Close to the lakefront, parks, downtown amenities, and public transportation. A great investment opportunity in a high-demand area.

    Adam McCarthy Smart Asset Realty Inc

    831 College Ave, Racine, WI 53403
  • /44

    $649,997

    • 3,972 Sq Ft

    909 College Ave, Racine, WI 53403

    TURN KEY, freshly updated and cash-flowing 7-unit property just steps from downtown and Lake Michigan. Recent improvements include newer roof, siding, and front porch. All units feature modern finishes, keyless entry, and tenant-paid utilities. On-site coin laundry and 3-car garage offer additional income potential. The attic is also stubbed out for future expansion/additional income! Completely

    Devin Cain Realty ONE Group Boardwalk

    909 College Ave, Racine, WI 53403

Why Live in Racine

The Racine Art Museum houses North America's largest contemporary craft collection, while the historic Wind Point Lighthouse stands as a restored beacon along Lake Michigan's shores. Frank Lloyd Wright's architectural legacy lives through the SC Johnson Administration Building and Wingspread conference center, both open for public tours. North Beach has earned recognition as a top family destination for swimming and sunbathing. The Root River provides year-round recreation through fishing, hiking, canoeing, and kayaking opportunities. Downtown Racine buzzes with monthly First Friday celebrations and summer concerts at Festival Park. Local dining ranges from Wells Brothers Restaurant's award-winning thin-crust pizza to authentic international cuisine at Kabab and Grill and Asiana Asian Cuisine Restaurant.

The housing market includes diverse options across distinct neighborhoods. Single-family homes in Downtown Racine have a median price of $357,000, while West Racine's median price sits at $198,000. The Lakecrest area commands a median price of $361,000 for single-family homes. One-bedroom condos throughout Racine have a median price of $149,300, while two-bedroom condos reach a median of $247,800.

Property taxes in Racine County stand at 1.7%, slightly higher than Kenosha County at 1.69% but lower than Milwaukee County's 2.04%. The Wisconsin state income tax rate is 5.30% for a yearly salary of $41,645.00. Major employers include SC Johnson, CNH Industrial, and Twin Disc. Commuters benefit from the Belle Urban System bus service and nearby Amtrak access at Sturtevant station, with Milwaukee 22 miles north and Chicago 60 miles south. The Prairie School, a private institution serving multiple neighborhoods including Lakecrest and North Bay-Shorecrest, maintains an A+ rating. Walden III High School, serving Cedar Bend and Kinzie Heights, holds a B+ rating among public schools.

Home Trends in Racine, WI

Housing Trends

Median Sale Price
$235,000
Median Single Family Sale Price
$240,000
Median 2 Bedroom Sale Price
$257,325
Median 1 Bedroom Sale Price
$182,999
Average Price Per Sq Ft
$172
Number of Homes for Sale
162
Last 12 months Home Sales
1,077
Months of Supply
1.80
Median List Price
$239,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
15%
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