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Active
    • $5,300,000

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

    --beds
    --baths
    --sqft
    : 
    $35,487/mo
    Get pre-qualified
    Multi Family, Apartment
    Built in 1998
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    130 days
    |
    409
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Mary Proznik 815-503-4597,

    GRIP Realty LLC

    Source: WIREX MLS,MLS#: 1599391MLS LogoOriginating MLS: REALTORS Association of Northwestern WI

      Facts & features

      Interior

      Heating
      • Natural Gas, Other, Hot Water
      Cooling
      • Wall/Sleeve Air, Other, Wall Unit(s)
      Appliances
      • Included: Washer, Dryer, Dishwasher, Dryer, Range/Oven, Range hood, Refrigerator, Washer, Unit 5(Dishwasher, Range/oven, Refrigerator), Unit 6(Dishwasher, Range/oven, Refrigerator)
      Features
      • Ceiling Fan(s)
      • Basement: Partial,Partially Finished,Concrete
      • Has fireplace: No
      Interior area
      • Living area range: 5001 or more Square Feet
      • Finished area above ground: 39,861
      • Finished area below ground: 2,875
      Video & virtual tour

      Property

      Parking
      • Parking features: Garage Door Opener
      • Has garage: Yes
      Features
      • Patio & porch: Deck, Patio
      • Waterfront features: Common Frontage
      Lot
      • Size: 4.26 Acres
      • Dimensions: 727 x 1254 x
      Details
      • Parcel number: 1822122709264309012
      • Zoning: Residential-Multifamily

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Apartment
      Materials
      • Brick, Stucco, Vinyl Siding
      Condition
      • 21+ Years
      • New construction: No
      • Year built: 1998

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Eau Claire
      • Municipality: Eau Claire

      Financial & listing details

      • Annual tax amount: $63,457
      • Date on market: 3/24/2026
      • Inclusions: Included:ac Wall Unit, Included:accessibility Features, Included:ceiling Fans, Included:dishwasher, Included:dryer, Included:equipment-See Remarks, Included:garage Opener, Included:oven/Range, Included:range Hood, Included:refrigerator, Included:sprinkler System, Included:washer
      • Exclusions: Excluded:sellers Personal, Excluded:tenants Personal

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,469/mo

        Price history

        DateEventPrice
        3/24/2026Listed for sale$5,300,000
        Source: WIREX MLS #1599391 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 54701

        Getting around

        21 / 100
        Car-Dependent
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Eau Claire

        Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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