4880 Otteson Lane #1-36, Eau Claire, WI, 54701
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: 21+ Years
- Year built: 1998
Materials
- Construction materials: Brick,Stucco,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Apartment
Interior
Appliances
- Appliances included: Washer,Dryer,Dishwasher,Dryer,Range/Oven,Range hood,Refrigerator,Washer,Unit 5(Dishwasher,Range/oven,Refrigerator),Unit 6(Dishwasher,Range/oven,Refrigerator)
Basement
- Has basement: Yes
- Basement: Partial,Partially Finished,Concrete
Features
- Ceiling Fan(s)
- Finished area below ground: 2,875
- Finished area above ground: 39,861
Heating & Cooling
- Heating features: Natural Gas,Other,Hot Water
- Cooling features: Wall/Sleeve Air,Other,Wall Unit(s)
Property
Details
- Parcel number: 1822122709264309012
- Zoning: Residential-Multifamily
- Exclusions: Excluded:sellers Personal,Excluded:tenants Personal
Features
- Patio & porch: Deck,Patio
- Waterfront features: Common Frontage
- Living area range: 5001 or more
Lot
- Lot size: 4.26 Acres
- Lot size dimensions: 727 x 1254 x
Parking
- Parking features: Garage Door Opener
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Inland Flooding
- Lightning
- Strong Wind
- Tornado
- Winter Weather
- Heat Wave
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters Across Wisconsin Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $26,799 | $321,588 |
| Home Insurance * | $2,291 | $27,492 |
| Property Taxes | $5,609 | $67,308 |
| Electricity | $171 | $2,054 |
| Total | $34,870 | $418,440 |
Income You'd Need if You Spent...
Wisconsin FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-24 | Listed for sale | $5,300,000 |
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