MLS #1604198 Eau Claire Residential Income
For Sale Residential Income

902 Water Street 1-3

Eau Claire, WI 54703

$465,000 $138 per sq. ft.
3,370 Square Feet
0.15 Acres
1879 Year Built
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About this property

Property Overview

Now available is an exceptional and beautifully updated 3-unit multifamily property offering an ideal mix of comfort, functionality, and investment potential. The property features one spacious studio, one 3-bedroom unit, and one 4-bedroom unit, providing a versatile rental mix with broad tenant appeal.

Each unit has been thoughtfully updated and offers generous bedrooms, oversized closets, modern flooring, six-panel oak doors, and inviting open-concept kitchen and living spaces designed for both everyday living and entertaining. The combination of tasteful finishes, functional layouts, and ample living space makes these units easy to rent and desirable for tenants.

Outside, the property continues to impress with 3 garage spaces, abundant off-street parking, and plenty of room for tenants and guests. The strong rental history adds another layer of appeal for investors looking for an established income-producing property.

Location is a major advantage. Situated directly along the bike trail and just minutes from Half Moon Lake, the Sonnentag Center, UW-Eau Claire, CVTC, shopping, dining, and entertainment, this property puts tenants close to many of Eau Claire's most sought-after destinations. A campus bus stop is also conveniently located just two blocks away.

Whether you're looking to expand your rental portfolio or add a well-positioned income-producing property to your investments, this turnkey 3-unit offers a compelling combination of quality updates, strong rental appeal, excellent amenities, and a prime Eau Claire location.

Property location

Map & Location

Interior Features
Above Grade Finished Area
3,370 SqFt
Appliances Included
Dryer, Microwave, Oven, Range, Refrigerator, Washer
Below Grade Unfinished Area
224 SqFt
Building Area Total
3,594 SqFt
Electric
Circuit Breakers
Foundation
Block, Cellar
Heating
Hot Water
Living Area
3,370 SqFt
Exterior Features
Construction
Vinyl Siding
Lot Size
0.15 Acres
Parking
Concrete, Driveway
Patio Features
Deck
Sewer
Public Sewer
Water Source
Public
Property Details
2025 Taxes
$6,802
County
Eau Claire
Electric Expense
$1,536
Fuel Expense
$1,536
InsuranceExpense
$1,595
Maintenance Expense
$1,500
Number of Units
3
Possession
Subject To Tenant Rights
Property Subtype
Triplex
School District
Eau Claire Area
Status
Active
Township
City of Eau Claire
Trash Expense
$540
Unit Number
1-3
Water & Sewer Expense
$1,254
Year Built
1879
Zoning
Commercial, Residential-Multifamily, Other-See R
Listing Office
GRIP Realty, LLC
Last Updated
August 17, 2026 at 11:56 AM
Units
Unit #1 $900 / month
1 beds 2 baths 578 sq. ft.

Rented through May 2027

Rent Income: $900 Electric/Ga Escrow Income: $30.00 Water/Sewer Budget Income: $40.00 Garbage/Recycling Budget: $20.00 Total: $990.00, Oven/Range, Refrigerator

Unit #2 $1,725 / month
2 beds 5 baths 1,400 sq. ft. 2-car garage

Rented through May 2027

Rent Income: $1725.00 Electric/Gas Escrow Income: $30.00 Water/Sewer Budget Income: $40.00 Garbage/Recycling Budget: $20.00 Total: $1815.00 2-car garage, Dryer, Oven/Range, Refrigerator, Washer

Unit #3 $1,275 / month
3 beds 4 baths 880 sq. ft. 1-car garage

Rented through May 2027

Rent Income: $1,275.00 Water/Sewer Budget Income: $100.00 Garbage/Recycling Budget: $15.00 Gas: $60.00 Total: $1450.00 1-car garage, Dryer, Oven/Range, Refrigerator, Washer

Map

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