4880 Otteson Lane 1-36  |  Eau Claire, WI

MLS #1599391 Eau Claire Residential Income
For Sale Residential Income

4880 Otteson Lane 1-36

Eau Claire, WI 54701

$5,300,000 $124 per sq. ft.
42,736 Square Feet
4.26 Acres
1998 Year Built
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About this property

Property Overview

Introducing a rare and highly versatile investment opportunity on Eau Claire’s desirable southside. This 36-unit independent living community offers immediate income potential with significant upside for future expansion and repositioning.

Purposefully designed as a 55+ independent living property, this asset presents a unique opportunity for investors or operators to evolve the property into a full-service Continuing Care Retirement Community (CCRC). With the ability to incorporate assisted living, memory care, or layered home health services, the possibilities for increased revenue streams and long-term value creation are substantial. The property was thoughtfully constructed to accommodate a future two-story expansion, with excess land available for an additional wing—allowing a seamless scale-up of operations without compromising the existing structure.

Nestled in a private, wooded setting, the site offers a peaceful and highly sought-after environment for residents, while still being conveniently located on Eau Claire’s southside. Its positioning is especially strategic—situated between two established Continuing Care Retirement Communities—reinforcing the area’s strong demand and proven senior housing market.

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Property location

Map & Location

4880 Otteson Lane 1-36, Eau Claire, WI 54701

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Interior Features
Above Grade Finished Area
39,861 SqFt
Accessibility Features
Accessible Elevator Installed, Other, Accessible Doors, Accessible Hallway(s), Accessibility Feature
Appliances Included
Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood, See Remarks, Washer
Basement
Partial, Partially Finished
Below Grade Finished Area
2,875 SqFt
Below Grade Unfinished Area
12,096 SqFt
Building Area Total
54,832 SqFt
Cooling
Other, See Remarks, Wall Unit(s), Wall/Window Un
Electric
Circuit Breakers
Foundation
Poured
Heating
Hot Water, Other, See Remarks
Interior Features
Ceiling Fan(s)
Living Area
32,767 SqFt
Exterior Features
Construction
Brick, Stucco, Vinyl Siding
Exterior Features
Sprinkler/Irrigation
Lot Size
4.26 Acres
Parking
Asphalt, Driveway, Garage Door Opener
Patio Features
Concrete, Deck, Patio
Sewer
Public Sewer
Water Source
Public
Property Details
2025 Taxes
$32,767
County
Eau Claire
Electric Expense
$10,500
Fuel Expense
$11,000
InsuranceExpense
$10,337
Maintenance Expense
$30,000
Number of Units
37
Other Equipment
Other
Possession
Subject To Tenant Rights
Property Subtype
Apartment
School District
Eau Claire Area
Senior Community
Yes
Status
Active
Township
City of Eau Claire
Trash Expense
$2,373
Unit Number
1-36
Water & Sewer Expense
$16,549
Year Built
1998
Zoning
Residential-Multifamily
Listing Office
GRIP Realty, LLC
Last Updated
March 25, 2026 at 12:19 PM
Units
Unit #1 $1,250 / month
1 beds 1 baths 580 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #2 $1,205 / month
2 beds 1 baths 840 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #3 $1,550 / month
2 beds 1 baths 880 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #4 $1,275 / month
2 beds 1 baths 840 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #5 $1,225 / month
2 beds 1 baths 840 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #6 $1,595 / month
2 beds 2 baths 904 sq. ft.

market rent, Dishwasher, Oven/Range, Refrigerator

Unit #7 $1,350 / month
2 beds 2 baths 904 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #8 $1,350 / month
1 beds 1 baths 859 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #9 $1,250 / month
1 beds 1 baths 652 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #10 $1,250 / month
1 beds 1 baths 652 sq. ft.

market rent, Dishwasher, Oven/Range, Refrigerator

Unit #11 $1,150 / month
1 beds 1 baths 606 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #12 $1,450 / month
1 beds 1 baths 840 sq. ft.

One bedroom with den (4 units with this style floor plan), Dishwasher, Oven/Range, Refrigerator

Unit #13 $1,100 / month
1 beds 1 baths 580 sq. ft.

Five different floor plans for the one bedroom units. Units range in size from 580 sqft of living area to 859 sqft of living area. (19 units total with 1 bedroom), Dishwasher, Oven/Range, Refrigerator

Unit #14 $1,280 / month
1 beds 1 baths 606 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #15 $1,450 / month
2 beds 2 baths 840 sq. ft.

4 of the 2 bedroom Units have the 2 bedroom 1.5 bathroom floor plan, Dishwasher, Oven/Range, Refrigerator

Unit #16 $1,450 / month
2 beds 1 baths 890 sq. ft.

Four different floor plans for the two bedroom units. Units range in size from 840 square feet of living area to 904 (17, 2 bedroom units total)

Unit #17 $1,200 / month
2 beds 1 baths 840 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #18 $1,200 / month
1 beds 1 baths 652 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #19 $1,550 / month
2 beds 1 baths 840 sq. ft.

market rent, Dishwasher, Oven/Range, Refrigerator

Unit #20 $1,050 / month
2 beds 1 baths 880 sq. ft.

On site cleaner and helper gets discounted rent, Dishwasher, Oven/Range, Refrigerator

Unit #21 $1,250 / month
1 beds 1 baths 580 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #22 $1,500 / month
2 beds 1 baths 840 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #23 $1,450 / month
2 beds 1 baths 859 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #24 $1,275 / month
1 beds 1 baths 652 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #25 $1,255 / month
1 beds 1 baths 652 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #26 $1,550 / month
2 beds 2 baths 940 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #27 $1,310 / month
2 beds 2 baths 940 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #28 $1,250 / month
1 beds 1 baths 580 sq. ft.

market rent, Dishwasher, Oven/Range, Refrigerator

Unit #29 $1,150 / month
1 beds 1 baths 606 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #30 $975 / month
1 beds 1 baths 580 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #31 $1,500 / month
2 beds 1 baths 840 sq. ft.

Dishwasher, Oven/Range

Unit #32 $1,450 / month
2 beds 1 baths 890 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #33 $1,225 / month
1 beds 1 baths 807 sq. ft.

Dishwasher, Oven/Range, Refrigerator

Unit #34 $1,550 / month
2 beds 1 baths 840 sq. ft.

market rent, Dishwasher, Oven/Range, Refrigerator

Unit #35 $1,250 / month
1 beds 1 baths 606 sq. ft.

market rent, Dishwasher, Oven/Range, Refrigerator

Unit #36 $1,250 / month
1 beds 1 baths 606 sq. ft.

market rent, Dishwasher, Oven/Range, Refrigerator

Map

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