Active
512 16th St, Racine, WI 53403
Est: $3,223/moGet pre-approved
Multi FamilyProperty Type
0.2 acresLot Size
1920Year Built

Description

Here we have a rare 5 unit building cash flowing at almost $5000 per month. 4 blocks from the beautiful Racine Beach. All feature 2-3 bedrooms with 1 bathroom. Units were all updated 4-5 years ago. Roof was installed in April of 2025. Dry basement and untapped income potential of 4 car garage that is not being utilized currently. Fully rented and turn key do not miss out on your chance to own this quality investment.Here we have a rare 5 unit building cash flowing at almost $5000 per month. 4 blocks from the beautiful Racine Beach. All feature 2-3 bedrooms with 1 bathroom. Units were all updated 4-5 years ago. Roof was installed in April of 2025. Dry basement and untapped income potential of 4 car garage that is not being utilized currently. Fully rented and turn key do not miss out on your chance to own this quality investment.
1 day on Market
  • Listed by: Lance Wooten Team* 262.424.9888 lance@rwrmke.com Brokerage DRE #937505-91 • Riverwest Realty Milwaukee
Last updated: 09/18/2026 10:44 PM • Source: MetroMLS, MLS#: 1981365

Amenities

  • Basement
  • Full Basement
  • Garage

Location

Listing Courtesy of Riverwest Realty Milwaukee
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$3,223 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,583

Property Taxes

$640

HOA Dues

$0

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Property Information for 512 16th Street

Property Details
Building Information
  • Year Built: 1920
  • Lot Size: 0.20 AC / 8,712 SF
Summary
Location and General Information
  • Directions: Hwy 32 to 16th. 16th east to the property.
  • Latitude: 42.712784
  • Longitude: -87.786499
  • Postal Code: 53403
  • Postal Code Plus4: 2737
  • Zoning Description: B1
Parking
  • Attached Garage: No
  • Parking Features: Indoor Space
Taxes and HOA
  • Parcel Number: 01235000
School Information
  • High School District: Racine Unified
Property
Lot Information
  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Square Feet: 8712.0
  • Lot Size Units: Acres
Property and Assessments
  • Exclusions: Tenant's personal property
  • Inclusions: 5 Refrigerators, 5 Stoves
  • Year Built: 1920
Utilites
  • Sewer: Municipal Sewer
Interior and Exterior Features
Interior Features
  • Basement: Block, Full
  • Basement: Yes
  • Construction Materials: Wood, Brick
Multi Family
Income & Expenses
  • Gross Scheduled Income: $59,100
Rental
Rent Information
  • Tenant Pays: Sewer, Water, Electricity, Heat, Gas, None

Property History for 512 16th Street

DateEvent & SourcePriceAppreciation
Sep 19, 2026

Listed (Active)

MetroMLS #1981365

$499,900
Oct 16, 2020

Sold

MetroMLS #1704780

Aug 17, 2020

Pending

MetroMLS #1704780

DateEvent & SourcePrice
09/19/2026

Listed (Active)

MetroMLS #1981365

$499,900
10/16/2020

Sold

MetroMLS #1704780

08/17/2020

Pending

MetroMLS #1704780

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 512 16th Street

Taxable ValueLand$14,300Additions$300,700Total$315,000
Tax Record2024$7,681 ($640 / month)
Home Facts
Total Finished SqFt6,076 SqFtAbove Grade Finished SqFt6,076 SqFtStories3Lot Size4,792 SqFtStyleMiscellaneous CommercialYear Built1920ZoningB1CountyRACINEAPN276 000001235000

Schools near 512 16th Street

This home is within Racine Unified School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - PK to 7
Rating
School
Distance
Johnson Elementary School
PublicPK to 5

Mitchell Middle School
Public6 to 8

Case High School
Public9 to 12

Racine Civil Leaders Academyemy
CharterPK to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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512 16th Street is a multi-family home for sale in Racine, WI 53403. This property was listed for sale on September 19, 2026 by Riverwest Realty Milwaukee, it's currently listed at $499,900. It has been on the market for a total of 1 days and was last sold on October 16, 2020. This listing's school district is Racine Unified School District. Nearby schools include Johnson Elementary School, Mitchell Middle School and Case High School. 512 16th Street is a 0-bed, 0-bath multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Riverwest Realty Milwaukee

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 09/18/2026 10:44 PM Listing presented by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. Compass · Tel: 212-913-9058 · New York, NY Information is supplied by seller and other third parties and has not been verified. Copyright 2026 – WiREx. – All Rights Reserved