Quadplex with
New
For Sale
$375,000
1901 S 6th St, Milwaukee, WI 53204
COMMERCIAL - Milwaukee, WI
Property Size2,845 SF
Lot Size0.09 Acres
Price / SF$131.81
Days on Market6
Property Features for 1901 S 6th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LB2
Standard status
Active
APN
4681424000
Size
2,845 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3545
Building Details
Year built
1890
Architectural style
Other
Listing Agency:
Homestead Realty, Inc
(800) 339-4444
Listed By:
The Borowski Group* · License #5867390
(414) 514-4699
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 5 at 6:06PM
MLS# 1974083
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex mixed-use property includes a storefront and four residential apartments. Three of the four apartment units have been updated, which can help reduce near-term capital improvements. The building supports an income-producing setup with both commercial and residential components.
The property is located at 1901 S 6th St in Milwaukee, WI 53204, on a 0.09-acre lot. It was built in 1890 and is zoned LB2.
With a storefront plus four apartments under one roof, this configuration may appeal to investors or operators looking for a multifaceted rental profile within the LB2 zoning framework.
The property is located at 1901 S 6th St in Milwaukee, WI 53204, on a 0.09-acre lot. It was built in 1890 and is zoned LB2.
With a storefront plus four apartments under one roof, this configuration may appeal to investors or operators looking for a multifaceted rental profile within the LB2 zoning framework.
Key Highlights
- Storefront plus four residential apartments in one mixed‑use building
- Three of four apartment units have been updated
- Zoned LB2
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.1k | $16.20 |
| − Vacancy | −$3.5k | −$1.22 |
| EGI | $42.6k | $14.99 |
| − OpEx | −$12.8k | −$4.50 |
| NOI | $29.8k | $10.49 |
2,845 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$426.3K
$373.0K – $497.4K
NOI $29,843 @ 7.0% cap · market cap 7.96%
Second Best
Multifamily LT 5
$408.8K
$357.7K – $477.0K
NOI $28,618 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$683.7K
$598.2K – $797.6K
NOI $47,857 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 53204, WI
39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex mixed-use building in LB2 zoning with a storefront and four residential apartments, three updated.
Where is this quadplex located?
The property is located at 1901 S 6th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Storefront plus four residential apartments in one mixed‑use building; Three of four apartment units have been updated; Zoned LB2
