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Brick 4-Unit Residential Income Property

7328 W Honey Creek Dr Milwaukee, WI 53219

7328 W Honey Creek Dr, Milwaukee, WI, 53219
$565,000
For Sale
Claim this Listing
$565,000

MULTI_FAMILY - Milwaukee, WI

Property Size4,000 SF
Lot Size0.23 Acres
Price / SF$141.25
AddedJun 29
Days on Market18
Last RefreshJul 16 at 1:06 am

Property Features for 7328 W Honey Creek Dr

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Standard status
Active
APN
5281115000
Lot size
0.23 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
9854

Building Details

Year built
1959

Listing agent Jim Geracie License #2442990

Listing office Realty Executives Integrity~Brookfield 13005 W Bluemound Rd, Brookfield, WI

Listing date Jun 29, 2026

MLS# 1969538 Listing URL

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 brick four-unit residential income property is reported by the city to total over 4,000 square feet. The building features large, spacious apartments with oversized kitchens that include built-in cooktops and ovens, along with built-in china cabinets. Bathrooms are ceramic tiled, supporting a durable, clean-finished interior. For mechanicals, the property includes high-efficiency furnaces, with one central A/C unit to serve the building. Exterior and maintenance items include aluminum soffit and fascia, with the overall low-maintenance brick construction intended for long-term ownership.

The property is located at 7328 W Honey Creek Dr in Milwaukee, Wisconsin. The site sits on a 0.23-acre lot and includes a 3.5-car garage with a side driveway, providing dedicated parking and straightforward access for residents.

For buyers seeking a residential rental setup or an owner-occupant option, this configuration offers four separate units within one low-maintenance, brick building. The combination of built-in kitchen features, ceramic tile baths, and established heating and cooling infrastructure may appeal to tenants looking for comfortable living spaces while giving owners a practical, turnkey framework for day-to-day operation.

Key Highlights

  • Brick 4‑family building built in 1959 with approximately 4,000+ SF per city
  • 3.5‑car garage with a side driveway
  • Each unit features large kitchens with built‑in cooktops and ovens, plus built‑in china cabinets

Local Financial Insights For Multifamily LT 5

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 $60.0k $15.00
− Vacancy −$2.7k −$0.68
EGI $57.3k $14.33
− OpEx −$17.2k −$4.30
NOI $40.1k $10.03
4,000 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$573.0K
$501.4K – $668.5K (±1% cap)
NOI $40,110 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$513.1K
$448.9K – $598.6K (±1% cap)
NOI $35,914 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$961.2K
$841.1K – $1.12M (±1% cap)
NOI $67,286 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Law Firm Dental Office Building Supply Parking Lot & Garage Auto Repair Shop Daycare Center Accounting Firm Skin Care Clinic Restaurant

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Brick fourplex with spacious units, ceramic tiled baths, and a 3.5-car garage with side driveway.
Where is this quadplex located?
The property is located at 7328 W Honey Creek Dr Milwaukee, WI.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Brick 4‑family building built in 1959 with approximately 4,000+ SF per city; 3.5‑car garage with a side driveway; Each unit features large kitchens with built‑in cooktops and ovens, plus built‑in china cabinets
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