Active Residential Income  |  Triplex  |  MLS #1604198
  • 902 Water Street 1-3

    Eau Claire, WI 54703
    • 3,594 Square
      Feet
    • 0.15 Total
      Acres
  • $465,000

    $129/Sq.Ft.

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.

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 Update: August 17th @ 11:56 AM

Units

Unit #1  |  $900
Bedrooms: 1  |  Bathrooms: 2
578 SqFt  |  Rented Until 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  |  $1,275
Bedrooms: 3  |  Bathrooms: 4
880 SqFt  |  Rented Until May 2027
Garage: 1 Car, Detached

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

Unit #3  |  $1,725
Bedrooms: 2  |  Bathrooms: 5
1,400 SqFt  |  Rented Until May 2027
Garage: 2 Car, Detached

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

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Data relating to real estate for sale on this website comes in part from the IDX program of the NW WI MLS. Information provided by NW WI MLS is compiled from third-party sources. The information is deemed reliable, but cannot be guaranteed. Neither NW WI MLS, the listing broker, or its agents or subagents are responsible for its accuracy. DISCLAIMER: This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is updated on a regular basis. However, some properties which appear for sale on this site may subsequently have been sold and may no longer be available. This data is current as of September 30th, 2026 at 12:11 PM.