4880 Otteson Lane 1-36 Eau Claire, WI 54701
- Residential Income | Apartment
- 54,832
- 4.26
- 1998
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.
Address
Open on Google Maps- Address 4880 Otteson Lane 1-36
- City Eau Claire
- State WI
- Zip 54701
Property Features
Last Updated on March 25, 2026 at 12:19 PM- Above Grade Finished Area: 39,861 SqFt
- Accessibility Features: Accessible Elevator Installed, Other, Accessible Doors, Accessible Hallway(s), Accessibility Feature
- Basement: Partial, Partially Finished
- Below Grade Finished Area: 2,875 SqFt
- Below Grade Unfinished Area: 12,096 SqFt
- Building Area Total: 54,832 SqFt
- Cooling: Other, See Remarks, Wall Unit(s), Wall/Window Un
- Electric: Circuit Breakers
- Foundation: Poured
- Heating: Hot Water, Other, See Remarks
- Interior Features: Ceiling Fan(s)
- Living Area: 32,767 SqFt
Exterior Features
- Construction: Brick, Stucco, Vinyl Siding
- Exterior Features: Sprinkler/Irrigation
- Lot Size: 4.26 Acres
- Parking: Asphalt, Driveway, Garage Door Opener
- Patio Features: Concrete, Deck, Patio
- Sewer: Public Sewer
- Water Source: Public
Property Details
- 2025 Taxes: $32,767
- County: Eau Claire
- Electric Expense: $10,500
- Fuel Expense: $11,000
- InsuranceExpense: $10,337
- Maintenance Expense: $30,000
- Number of Units: 37
- Other Equipment: Other
- Possession: Subject To Tenant Rights
- Property Subtype: Apartment
- School District: Eau Claire Area
- Senior Community: Yes
- Status: Active
- Township: City of Eau Claire
- Trash Expense: $2,373
- Unit Number: 1-36
- Water & Sewer Expense: $16,549
- Year Built: 1998
- Zoning: Residential-Multifamily
- Listing Office: GRIP Realty, LLC
Appliances Included
- Dryer
- Dishwasher
- Electric Water Heater
- Oven
- Range
- Refrigerator
- Range Hood
- See Remarks
- Washer
Units
Unit #1 | $1,205
Bedrooms: 2 | Bathrooms: 1
840 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #2 | $1,200
Bedrooms: 1 | Bathrooms: 1
652 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #3 | $1,280
Bedrooms: 1 | Bathrooms: 1
606 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #4 | $1,450
Bedrooms: 2 | Bathrooms: 2
840 SqFt
4 of the 2 bedroom Units have the 2 bedroom 1.5 bathroom floor plan, Dishwasher, Oven/Range, Refrigerator
Unit #5 | $1,250
Bedrooms: 1 | Bathrooms: 1
580 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #6 | $1,275
Bedrooms: 2 | Bathrooms: 1
840 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #7 | $1,350
Bedrooms: 1 | Bathrooms: 1
859 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #8 | $1,550
Bedrooms: 2 | Bathrooms: 1
880 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #9 | $1,225
Bedrooms: 2 | Bathrooms: 1
840 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #10 | $1,250
Bedrooms: 1 | Bathrooms: 1
652 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #11 | $1,250
Bedrooms: 1 | Bathrooms: 1
652 SqFt
market rent, Dishwasher, Oven/Range, Refrigerator
Unit #12 | $1,350
Bedrooms: 2 | Bathrooms: 2
904 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #13 | $1,450
Bedrooms: 1 | Bathrooms: 1
840 SqFt
One bedroom with den (4 units with this style floor plan), Dishwasher, Oven/Range, Refrigerator
Unit #14 | $1,595
Bedrooms: 2 | Bathrooms: 2
904 SqFt
market rent, Dishwasher, Oven/Range, Refrigerator
Unit #15 | $1,150
Bedrooms: 1 | Bathrooms: 1
606 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #16 | $1,100
Bedrooms: 1 | Bathrooms: 1
580 SqFt
Five different floor plans for the one bedroom units. Units range in size from 580 sqft of living area to 859 sqft of living area. (19 units total with 1 bedroom), Dishwasher, Oven/Range, Refrigerator
Unit #17 | $1,450
Bedrooms: 2 | Bathrooms: 1
890 SqFt
Four different floor plans for the two bedroom units. Units range in size from 840 square feet of living area to 904 (17, 2 bedroom units total)
Unit #18 | $1,500
Bedrooms: 2 | Bathrooms: 1
840 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #19 | $1,550
Bedrooms: 2 | Bathrooms: 1
840 SqFt
market rent, Dishwasher, Oven/Range, Refrigerator
Unit #20 | $1,200
Bedrooms: 2 | Bathrooms: 1
840 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #21 | $1,250
Bedrooms: 1 | Bathrooms: 1
580 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #22 | $1,050
Bedrooms: 2 | Bathrooms: 1
880 SqFt
On site cleaner and helper gets discounted rent, Dishwasher, Oven/Range, Refrigerator
Unit #23 | $1,255
Bedrooms: 1 | Bathrooms: 1
652 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #24 | $1,275
Bedrooms: 1 | Bathrooms: 1
652 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #25 | $1,450
Bedrooms: 2 | Bathrooms: 1
859 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #26 | $1,310
Bedrooms: 2 | Bathrooms: 2
940 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #27 | $1,550
Bedrooms: 2 | Bathrooms: 2
940 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #28 | $975
Bedrooms: 1 | Bathrooms: 1
580 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #29 | $1,150
Bedrooms: 1 | Bathrooms: 1
606 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #30 | $1,250
Bedrooms: 1 | Bathrooms: 1
580 SqFt
market rent, Dishwasher, Oven/Range, Refrigerator
Unit #31 | $1,250
Bedrooms: 1 | Bathrooms: 1
606 SqFt
market rent, Dishwasher, Oven/Range, Refrigerator
Unit #32 | $1,500
Bedrooms: 2 | Bathrooms: 1
840 SqFt
Dishwasher, Oven/Range
Unit #33 | $1,450
Bedrooms: 2 | Bathrooms: 1
890 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #34 | $1,225
Bedrooms: 1 | Bathrooms: 1
807 SqFt
Dishwasher, Oven/Range, Refrigerator
Unit #35 | $1,250
Bedrooms: 1 | Bathrooms: 1
606 SqFt
market rent, Dishwasher, Oven/Range, Refrigerator
Unit #36 | $1,550
Bedrooms: 2 | Bathrooms: 1
840 SqFt
market rent, Dishwasher, Oven/Range, Refrigerator
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