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939 College Ave, 
Racine, WI 53403

$589,000

—

Bed

—

Bath

5,017

Sq Ft

Multi-Family

Active

Listed by

Patricia S Lemke

Image Real Estate, Inc.

262-898-1180

Last updated:

January 5, 2026, 03:48 PM

MLS#

1945152

Source:

WI METROMLS

About This Home

939 College Ave

Great fully occupied investment opportunity. Beautiful Brick Building with 5 very unique units. Only blocks away from Lake Michigan, Downtown, and Gateway Technical College. This property offers one large 3/4-bedroom unit, and four one-bedroom units, along with a detached garage. All units include stove and refrigerator. Current rents total $4725/mo. Coin operated washer and dryer in basement for tenant convenance. There is also potential for a large storage/rental area in the basement. Owner is also including 2 vacant lots in this sale. Both lots are in Racine. 256 N.Memorial Dr & 1707 Spring Pl. 1707 is .21 acres, backs up to Root River and is suitable for a single or 2 family home. Memorial is .07 and suitable for a single-family home. So much potential here to grow your portfolio!

Home Facts

Multi-Family

Built in 1920

Price Summary

589,000

$117 per Sq. Ft.

MLS #:

1945152

Last Updated:

January 5, 2026, 03:48 PM

Added:

23 day(s) ago

Structure

Structure

Building Area:

5,017 Sq. Ft.

Year Built:

1920

Lot

Lot Size (Sq. Ft):

6,534

Finances & Disclosures

Finances

Price:

$589,000

Price per Sq. Ft:

$117 per Sq. Ft.

Source:WI METROMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.