$5,300,000

4 Beds 3 Baths 42,736 Sqft

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

Property Type: Multi-Family
Building Type: Apartment Building
Time on Market: 29 days
Price per Sqft: $124
Lot Size: 727 x 1254 x
Garage: Y
Total Taxes: $63,458
Est. Age: 21+ Years

Description

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.

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 1 1 — 580
Unit 2 1 1 — 840
Unit 3 2 1 — 890

Property Details

Interior

Appliances:
  • Seller Owned: Washer, Seller Owned: Dryer, Dishwasher, Dryer, Range/Oven, Range hood, Refrigerator, Washer
Basement:
  • Partial, Partially Finished, Poured Concrete
Baths:
  • Full Baths: 3
Heating/Cooling:
  • Wall/Sleeve Air, Other, Hot Water, Wall A/C
Heat Fuel:
  • Natural Gas
Interior Features:
  • Ceiling Fan(s), Circuit Breakers
Sqft:
  • Total Sqft: 42,736
  • Estimated Sqft Range: 5001 or more

Exterior

Acreage:
  • Range: 1 to 4.99
Exterior:
  • Brick, Stucco, Vinyl
Exterior Features:
  • Deck, Patio, Irrigation system
Garage:
  • Details: Opener Included
Lot:
  • Size: 727 x 1254 x
Water:
  • Features: Common Frontage
  • Waterfront: N
Water/Waste:
  • Municipal Sewer, Municipal Water

Misc.

New Construction:
  • N
Postal:
  • Code: 54701
Street:
  • Name: Otteson Lane
  • Suffix: LANE
  • Unit Number: 1-36
Tax Year:
  • 2025
Zoning:
  • Residential-Multifamily

Map

Listing Agent-Provided Directions:
  • Gateway Dr. to Otteson Lane

Monthly Payment Calculator

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Schools and Neighborhood

School District:
  • Eau Claire
Postal City:
  • Eau Claire
Municipality:
  • Name: EAU CLAIRE
  • Type: City
County:
  • EAU CLAIRE

Market Comparison

How this property compares to local market averages — calculated 4/23/2026

This Property
Eau Claire Multi Family Home Avg
Eau Claire County Multi Family Home Avg
List Price
$5,300,000
$553,205
$659,458
Median Price
—
$299,900
$299,900
Price / Sq Ft
$124
$134
$135
Days on Market
29 days
67 days
70 days
Total Listings
—
20
24

Listing Information

  • Time on Market: 29 days
  • Place Perfect Last Updated: 2026-03-25 12:35:23
  • MLS Number: 1599391
  • Subsystem Locale: WIREX_NWW
  • Listing Office: GRIP Realty LLC
  • Listing Agent: Mary Proznik

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