Six-Unit Apartment
For Sale
$729,900
10112 W Sharon Ln, Milwaukee, WI 53225
Brick multifamily property with spacious layouts, shared laundry, basement storage, and on-site garage and surface parking.
Property Size7,200 SF
Price / SF$101.38
Days on Market80
Property Features for 10112 W Sharon Ln
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Multi-Family
Building Details
Year Built
1972
Listing Agency:
Hyperion Realty
Listed By:
Garrin Horwitz · License #5956290
(414) 436-4198
Source:
Levelupwi
Added: Jul 27
Changed: Oct 6
Last Checked: Oct 13 at 1:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hyperion Realty
Investment Insights
Based on property information with market context.
This six-unit multifamily property at 10112 W Sharon Ln features an all-brick exterior and a 1972 construction date. The unit mix includes two 3BR/1.5BA apartments and four 2BR/1.5BA apartments, with separate dining areas and eat-in kitchens throughout. A full basement, shared laundry, garage, and surface parking add practical building amenities. The property occupies 0.28 acres and is served by municipal water and sewer.
Five of the six apartments are occupied. RM1 zoning supports the existing apartment configuration. The Milwaukee property is positioned near US Highway 45 and Highway 100, with Mayfair Road retail and metro-area employment corridors in the surrounding area.
Five of the six apartments are occupied. RM1 zoning supports the existing apartment configuration. The Milwaukee property is positioned near US Highway 45 and Highway 100, with Mayfair Road retail and metro-area employment corridors in the surrounding area.
Key Highlights
- Six‑unit apartment property with five units occupied
- Unit mix includes two 3BR/1.5BA and four 2BR/1.5BA apartments
- All‑brick construction completed in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,060
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,200
$1.3M
Cap Rate 7%
$958,000
$958.0K
Cap Rate 9%
$745,111
$745.1K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$127.0K $17.64/SF
− Vacancy
−$5.1K −$0.71/SF
EGI
$121.9K $16.93/SF
− OpEx
−$54.9K −$7.62/SF
NOI
$67.1K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,200
Cap Rate 7%
$958,000
Cap Rate 9%
$745,111
Alternative Uses
Best Use
Apartment 5plus
$958.0K
$838.3K – $1.12M
NOI $67,060 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,116 @ 7.0% cap · market cap 16.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 53225, WI
25,138
Population
11,019
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
91%
High-School Grad
7.0 sq mi
ZIP Area
3,591
Density / Sq Mi
$54,433
Median Household Income
$40,463
Median Earnings
$1,094
Median Rent
$174,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with spacious layouts, shared laundry, basement storage, and on-site garage and surface parking.
Where is this apartment building located?
The property is located at 10112 W Sharon Ln Milwaukee, WI.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Six‑unit apartment property with five units occupied; Unit mix includes two 3BR/1.5BA and four 2BR/1.5BA apartments; All‑brick construction completed in 1972
