Waukesha Homes under $400,000

Welcome to Waukesha, Wisconsin—a vibrant city that beautifully blends small-town charm with modern conveniences. Nestled in Waukesha County, this picturesque area is known for its rich history, stunning natural landscapes, and a thriving community spirit. With its scenic parks, winding rivers, and a delightful downtown district filled with unique shops and eateries, Waukesha offers a lifestyle that is both relaxed and engaging.

For those seeking to plant roots in this enchanting city, the real estate market has much to offer, especially for homes priced under $400,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, Waukesha presents a variety of options that cater to diverse needs and budgets. From charming single-family homes with spacious yards to modern townhouses in friendly neighborhoods, you’ll find a range of properties that make it easy to call Waukesha home.

The affordability of homes in this area is complemented by the city's excellent schools, abundant recreational activities, and a strong sense of community. Residents enjoy access to beautiful parks, walking trails, and a vibrant arts scene, making it a perfect place for families and individuals alike.

If you’re looking for a place that offers both comfort and convenience, Waukesha is the ideal choice. With homes under $400,000, your dream of owning a piece of this wonderful city is within reach. Explore the possibilities today and discover why Waukesha is not just a place to live, but a place to thrive!

Newest Waukesha Homes under $400,000

$290,000

3 Beds ⋅ 2 Baths

Old-world charm meets modern comfort! Built in 1925, this delightful home blends timeless character with thoughtful updates. Enjoy hardwood floors, an updated kitchen with granite countertops and stainless-steel appliances, and 3 bedrooms with 2 full baths, including one with a charming clawfoot tub! Relax on the screened-in front porch, or head out back to the fenced yard. A 1.5-car garage adds convenience, while the location near Waukesha Memorial Hospital and downtown Waukesha puts shopping, dining, and local favorites close at hand. Love the charm of yesteryear with the comforts of today? This one is calling your name!

139 Fourth St, Waukesha

Listing courtesy of Shorewest Realtors, Inc..

$349,900

3 Beds ⋅ 2 Baths

Welcome home! This move-in ready 3 bed 2 full bath ranch home in desirable Waukesha WI features a NEW Roof (2026) plus NEW Furnace & AC (2025) for ultimate peace of mind. Spacious living room boasts vaulted ceilings and floods with natural light. Generous primary bedroom features attached full bath ensuite and walk-in closet. Convenient dinette opens to a large private balcony overlooking a huge backyard shaded by mature trees--perfect for outdoor entertaining. Exposed basement with full-size windows is perfect for future home office, guest room or rec room expansion. Ideally located near Waukesha schools, Carroll University, Merrill Crest Park, and local shopping. Schedule your home tour today! 1 yr home warranty included. Some media digitally altered.

509 N University Dr, Waukesha

Listing courtesy of Keller Williams Realty-Milwaukee Southwest.

$278,000

3 Beds ⋅ 1 Baths

Charming Waukesha home with great curb appeal. Perfect for buyers who love walkability to Summit View & North or investor looking to add to their rental portfolio. Relax on inviting three-season front porch & step inside to restored hardwood oak floors & convenient main-floor bedroom. Upstairs offers 2 pass-through bedrooms, ideal for nursery/office. Closet space is plentiful throughout the home. Kitchen features new lower cabinets with easy access to large dining room. Enjoy the character of the original clawfoot tub with shower w/ new pedestal sink. Full basement provides plenty of storage. Water Heater 2023, Furnace 2021. Asphalt drive done Oct. 26. $15,325 invested in basement for drain tiles & new sump with Lifetime Structural Warranty. New front & back screen/storm doors installed.

2101 Oaklawn Ave, Waukesha

Listing courtesy of Keller Williams Realty-Lake Country.

$190,000

2 Beds ⋅ 1 Baths

Conveniently situated near Carroll University and downtown Waukesha, this charming home offers a fantastic opportunity for first-time homebuyers and investors. Step inside to discover a newly remodeled interior with an inviting layout that makes the most of the space. Whether you're looking for a cozy place to call home or a potential income-producing rental, this home offers plenty of possibilities. Located just steps from Carroll University's Schneider Stadium and a short distance from campus, the location is hard to beat! Enjoy nearby restaurants, shopping, parks, and all that downtown Waukesha has to offer. Complete with a full basement and detached garage, this move-in-ready home is one you won't want to miss!

150 Cook St, Waukesha

Listing courtesy of Berkshire Hathaway HomeServices Metro Realty.

$399,900

3 Beds ⋅ 1 Baths

Welcome home to a place where comfort, charm, and space come together! Step inside to a sun-filled living room, updated kitchen with quartz countertops and under-cabinet lighting, and a formal dining room perfect for gathering with family and friends. Cozy up by the gas fireplace this fall or enjoy extra room to relax in the finished lower level. A beautifully remodeled full bath (2024) and newer water heater (2024) add peace of mind. Outside, the spacious fenced backyard offers a patio, above-ground pool with new pump and cover (2026), and storage shed. Conveniently located near shopping, dining, and Fox River Park, this home has so much to love. Come see what makes it special and let's get you Home!

1605 Dixie Dr, Waukesha

Listing courtesy of Realty Executives Integrity~Brookfield.

$394,900

3 Beds ⋅ 1 Baths

This charming 3 BR 1.5 bath ranch has plenty to offer in a convenient Waukesha location near shopping, restaurants & more! There's no shortage of space to spread out with both a spacious living room & a cozy family room featuring a gas fireplace. & built-ins that add a little extra character. Awesome 3-season room is sure to be a favorite spot for morning coffee, relaxing or entertaining friends. Step outside to a fully fenced backyard with a deck, plenty of room for the pups to roam & a large storage shed for all your extras. Whether you're hosting a get-together or enjoying a quiet night at home, there's room for it all! A great opportunity to add your personal touches & make this Waukesha ranch your own!

1916 Chapman Dr, Waukesha

Listing courtesy of RE/MAX Forward.

$372,000

2 Beds ⋅ 2 Baths

Move in ready! Loving maintained end-unit ranch condo tucked away at the back of East Sutton. Step inside to a spacious layout featuring soaring vaulted ceilings & wood floors flowing seamlessly through the living, dining, & kitchen. Large windows flood the condo with light. The great room boasts a cozy fireplace and large patio doors framing serene nature views, opening to your private deck. The Kitchen offers beautiful granite countertops & a breakfast bar. Retreat to the primary suite, with large windows oriented to nature views, a walk-in closet, & dual sinks. Entertain easily in the finished exposed lower level, featuring a wet bar and full walk-out to the patio. Enjoy privacy& nature in the wooded backyard & a creek. Discover the walking trails at this peaceful retreat!

115 E Sutton Pl Unit A, Waukesha

Listing courtesy of Coldwell Banker Elite.

$289,900

2 Beds ⋅ 2 Baths

Discover move-in-ready comfort in this private-entry, 2-bedroom, 2-bath lower condo in Waukesha's Northview Bend. Conveniently located, this condo offers easy, low-maintenance living and peace of mind. The kitchen & dining areas open to the living room with a breakfast bar pass-through. Sliders from the dining area lead to a patio, perfect for morning coffee. An open layout features walk-in closets, a kitchen pantry, and a gas fireplace. Plus, the finished lower level is perfect for entertaining. In-unit laundry and a 2-car attached garage. Come and see your New Home!

2153 Broken Hill Rd Unit 7, Waukesha

Listing courtesy of Riley Real Estate Group LLC.

$325,000

4 Beds ⋅ 2 Baths

Room to roam in this spacious 4BR multi-level home with over 2,100sqft of living space, on a huge 3/4+ acre mature lot, in great city location, but lower Village taxes. Lovely kitchen and dinette with loads of beautiful cabinets. Spacious living room AND family room. Four nice sized bedrooms up with two full bathrooms. Large three season room. Amazing yard! Don't miss this one!

W247S3160 Prairie Ave, Waukesha

Listing courtesy of Redefined Realty Advisors LLC.

$349,900

3 Beds ⋅ 2 Baths

This home offers a wonderful combination of comfort, functionality, and opportunity. A family home or an investment opportunity. Enjoy inviting living spaces, a practical floor plan, and plenty of potential to make this home your own or an investment! Currently tenant occupied and generating $3500/month-$42,000 annually. Ideal for investors looking for an income-producing property. Property can be delivered vacant at closing for a owner occupant. Conveniently located near shopping, dining, parks and everyday amenities.

107 Cook St, Waukesha

Listing courtesy of Real Broker Milwaukee.

$214,999

3 Beds ⋅ 1 Baths

Welcome to Cardinal Green! This exceptional 3-bedroom, 1.5-bathroom condo seamlessly blends spacious living with a highly functional layout. The main level highlights a nice, large kitchen perfect for cooking and entertaining. Downstairs, maximize your usable space with a fantastic partially finished basement--ideal for a rec room or home office. Step outside to relax on your own private patio, which opens up to peaceful, manicured green space. Don't miss the opportunity to have this type of 3bd 1.5 bath with this square footage in such a convenient location at such a competitive price! Perfectly situated near Waukesha's best shopping and dining, this home is an absolute must-see. Schedule your tour today!

1363 Josephine St Unit B, Waukesha

Listing courtesy of Top Tier Realty.

$189,500

3 Beds ⋅ 1 Baths

Welcome home to Sunset home condominiums, this multi-level condo is move in ready and features 3 spacious bedrooms and 1.5 baths. Bright spacious living/great room with large windows bringing in natural light. Kitchen features many cabinets including pantry, appliances and dining area. Main floor updated half bath for guests and upper level updated full bath. This condo offers a full basement with laundry and is partially finished. Private dual entrances and features a private patio area for entertaining. 2 parking spaces ''has extra spaces for visitors''. Located near shopping, dining and public transportation. Pet friendly association. Schedule your private showing today!

1434 Big Bend Rd Unit H, Waukesha

Listing courtesy of Coldwell Banker HomeSale Realty - Greenfield.

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Source of listing data: Metro MLS. Copyright 2026 Multiple Listing Service, Inc. - All Rights Reserved. Information is supplied by seller and other third parties and has not been verified. IDX 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.

Waukesha Homes under $400,000

Newest Waukesha Homes under $400,000

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