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$499,900

  • For Sale
  • Active
  • Apartment
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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.

Full Property Details for 512 16th St

General

  • Price: $499,900
  • Taxes: $8,204 (2025)
  • Status: Active
  • Type: Apartment
  • Source: MetroMLS_Milwaukee_Wirex
  • MLS ID: 1981365
  • Updated: 9/19/2026
  • Added to Site: 23 day(s) ago

Parking

  • Uncovered Spaces: 4
  • Parking Features: Indoor Space

Location

  • County: Racine
  • Driving Directions: Hwy 32 to 16th. 16th east to the property.

School Information

  • School District: Racine Unified

Heating & Cooling

  • Heating/Cooling: Natural Gas

Utilities

  • Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

  • Architectural Style: Apartment Building
  • Exterior Const.: Brick, Wood
  • Basement Desc.: Block, Full
  • Stories Description: 3 to 4 Stories
  • Year Built: 1920

Unit Information

Unit 1

  • Number of Units: 2
  • Unit Description: 1 Bath, 2 Bedrooms, 3 or More Bedrooms, Cable TV Available, Dining Room, Living Room
  • Square Feet: 1001 to 12

Unit 2

  • Number of Units: 1
  • Unit Description: 1 Bath, 3 or More Bedrooms, Living Room
  • Square Feet: 1001 to 12

Unit 3

  • Number of Units: 1
  • Unit Description: 1 Bath, 2 Bedrooms, 3 or More Bedrooms, Dining Room, Living Room
  • Square Feet: 1001 to 12

Unit 4

  • Number of Units: 1
  • Unit Description: 1 Bath, 2 Bedrooms, 3 or More Bedrooms
  • Square Feet: 1001 to 12

Lot Features

  • Lot Size (Acres): 0.2
  • Zoning: B1

Financial Considerations

  • Tax Amount: $8,204
  • Tax Year: 2025

Listed by Riverwest Realty Milwaukee

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Listing agent

— 512 16th St —

  • Riverwest Realty Milwaukee

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 512 16th St

School District:Racine School District
NameGradesDistance
Mitchell Elementary School, Racine, WI
2701 Drexel Avenue, Racine, WI 53403
K-51.6 mi
Johnson Elementary School, Racine, WI
2420 Kentucky Street, Racine, WI 53405
K-52.4 mi
Case High School
7345 Washington Ave, Racine, WI 53406
9-124.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 512 16th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/19/2026
Listed
$499,900
20.46%
MLS
8/23/2023
Sold
$415,000
—
Public Record
Get Price Alerts and Save Property
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 for 512 16th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,491
50%
$346,500
10%
2024
$7,681
9%
$315,000
15%
2023
$7,050
14%
$274,000
15%
2022
$6,158
2%
$238,000
15%
2021
$6,039
2%
$207,000
—
2020
$5,908
3%
$207,000
3%
2019
$5,719
-1%
$201,000
3%
2018
$5,806
-6%
$195,000
—
2017
$6,201
3%
$195,000
5%
2016
$6,031
-1%
$185,000
—
2015
$6,080
5%
$185,000
—
2014
$5,799
-2%
$185,000
-3%
2013
$5,915
—
$190,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Riverwest Realty Milwaukee

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512 16th St, Racine, WI 53403 (MLS# 1981365) is a Apartment property with 0 bedrooms and 0 full bathrooms. 512 16th St is currently listed for $499,900 and was received on September 19, 2026. Want to learn more about 512 16th St? Do you have questions about finding other Apartment real estate for sale in Racine? You can browse all Racine real estate or contact a Coldwell Banker agent to request more information.

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