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$230,000
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Property Description
**Excellent Investment Opportunity!** This meticulously maintained 3-unit multi-family property is a smart addition to any portfolio. Featuring two comfortable one-bedroom units and a cozy efficiency, this building is fully rented with tenants eager to stay. Recent upgrades include a new roof and siding in 2019, updated flooring throughout, new appliances in all units, and beautifully renovated bathrooms in each of the three units. Situated conveniently near the local hospital, this property boasts a prime location with high rental demand. Don't miss out on this turnkey investment property that generates immediate income and offers long-term potential!
Full Property Details
Full Property Details for 402 Ravine St
General
- Price: $230,000
- Taxes: $2,642 (2024)
- Status: Active
- Type: Apartment
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 1994045
- Updated: 12/19/2025
- Added to Site: 326 day(s) ago
Interior
- Interior Features: High-Speed Internet
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Outside
- Garage Description: 2 Car, Detached
Location
- Municipality: Janesville
- County: Rock
- Driving Directions: Corner of N High and Ravine Street
School Information
- School District: Janesville
- Elementary School: Madison
- Middle School: Franklin
- High School: Parkview
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Forced Air
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
- Utility Description: Separate Electric Meters
Structural Information
- Description/Design: Apartment Building, 2 Stories
- Exterior Const.: Vinyl
- Basement Desc.: Full
- Year Built: 1874
Unit Information
- Units in Building: 3
Unit 1
- Square Feet: 325
Unit 2
- Square Feet: 800
- Bedrooms: 1
- Primary Bedroom: Main Level, 10 x 13
- Living Room: Main Level, 16 x 10,
- Kitchen: Main Level, 16 x 11,
Unit 3
- Bedrooms: 1
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: R-3
Financial Considerations
- Tax Amount: $2,642
- Tax Year: 2024
Disclosures and Reports
- Exclusions: Sellers and Tenant's personal property; chest freezer in Unit 3
- Inclusions: 3 Stove, 3 Refrigerators, 1 washer, 1 dryer
Listed by Berkshire Hathaway HomeServices True Realty
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Schools
Schools serving 402 Ravine St
School District:Janesville School District
| Name | Grades | Distance |
|---|---|---|
Madison Elementary School, Janesville, WI 331 North Grant Avenue, Janesville, WI 53548 | PK-5 | 0.8 mi |
Franklin Middle School, Janesville, WI 450 North Crosby Avenue, Janesville, WI 53548 | 6-8 | 1 mi |
Parker High School 3125 Mineral Point Avenue, Janesville, WI 53548 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 402 Ravine St
Date
Details
Price
Change
Source
12/16/2025
Sold
$432,000
87.83%
MLS
9/17/2025
Price Reduced
$230,000
-2.09%
MLS
6/26/2025
Price Reduced
$234,900
-2.08%
MLS
6/03/2025
Price Reduced
$239,900
-4%
MLS
3/17/2025
Price Reduced
$249,900
-3.85%
MLS
2/26/2025
Listed
$259,900
99.92%
MLS
6/10/2019
Sold
$130,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 402 Ravine St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,642
—
$169,400
—
2023
$2,636
11%
$169,400
55%
2022
$2,366
—
$109,600
—
2021
$2,361
-4%
$109,600
-2%
2019
$2,469
12%
$111,800
32%
2018
$2,209
3%
$84,800
—
2017
$2,139
2%
$84,800
—
2016
$2,105
4%
$84,800
—
2015
$2,022
—
$84,800
—
2014
$2,021
-2%
$84,800
—
2013
$2,059
1%
$84,800
—
2012
$2,031
—
$84,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 402 Ravine St
402 Ravine Street, Janesville, WI 53548 (MLS# 1994045) is a Apartment property with 0 bedrooms and 0 full bathrooms. 402 Ravine Street is currently listed for $230,000 and was received on February 26, 2025. Want to learn more about 402 Ravine Street? Do you have questions about finding other Apartment real estate for sale in Janesville? You can browse all Janesville real estate or contact a Coldwell Banker agent to request more information.

