Historic Three-Unit
For Sale
$550,000
1972 N Farwell Ave, Milwaukee, WI 53202
Milwaukee, WI
Property SizeContact for details
Lot Size0.05 Acres
Days on Market36
Property Features for 1972 N Farwell Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Elementary school district
Milwaukee
Middle school district
Milwaukee
High school district
Milwaukee
Directions
From WI-190 W/E Capitol Dr, Turn onto N. Humboldt Blvd, Turn left onto E. North Ave, Turn right onto N. Farwell Ave, Destination is to the left after passing E Lafayette Pl.
Standard status
Active
APN
3551235000
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5754
Building Details
Year built
1890
Listing Agency:
Keller Williams Realty-Milwaukee North Shore
(414) 517-7716
Listed By:
HIGHMARK RE Group* · License #57868-90
(414) 962-3605
Added: Jul 31
Changed: Aug 24
Last Checked: Sep 4 at 12:06AM
MLS# 1974044
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.
Built in 1890, this RES-zoned triplex contains three residential units with varied configurations. The lower level includes a 2 BR, 1 BA apartment, while a studio occupies another unit. The upper residence spans two stories and offers 3 BR and 1.5 BA.
The property occupies the corner of Lafayette Place and N Farwell Ave in Milwaukee's East Side. Restaurants, cafes, shopping, parks, and the lakefront are located nearby, with the property positioned in a walkable neighborhood setting.
The 0.05-acre site combines historic residential character with a three-unit layout suitable for multifamily ownership or an owner-occupant arrangement, as described by the available property information.
The property occupies the corner of Lafayette Place and N Farwell Ave in Milwaukee's East Side. Restaurants, cafes, shopping, parks, and the lakefront are located nearby, with the property positioned in a walkable neighborhood setting.
The 0.05-acre site combines historic residential character with a three-unit layout suitable for multifamily ownership or an owner-occupant arrangement, as described by the available property information.
Key Highlights
- Three residential units: 2 BR/1 BA lower, studio, and two‑story 3 BR/1.5 BA upper
- Built in 1890 on a 0.05‑acre site
- RES zoning
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,416
Businesses Nearby
Explore this area
Business Placement
Demographics for 53202, WI
27,897
Population
18,629
Households
1.5
Avg Household Size
31
Median Age
66%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
13,284
Density / Sq Mi
$68,482
Median Household Income
$52,339
Median Earnings
$1,234
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Residential income property with three distinct units, including a studio and larger multi-bedroom layouts.
Where is this triplex located?
The property is located at 1972 N Farwell Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three residential units: 2 BR/1 BA lower, studio, and two‑story 3 BR/1.5 BA upper; Built in 1890 on a 0.05‑acre site; RES zoning
