Multifamily Property with Rehab
For Sale
Contact for pricing
1012 W Hadley St, Milwaukee, WI 53206
As-is multifamily property requiring substantial renovation, with ownership available to both investors and owner occupants.
Property Size1,450 SF
Price / SF$3.88
Days on Market60
Property Features for 1012 W Hadley St
General Information
Standard status
Active
Size
1,450 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
substantial renovations
Building Details
Year Built
1900
Listing Agency:
The Rosemont Group Realty LLC
Listed By:
Tammy Lowney · License #5492490
(414) 399-0778
Source:
Nikolicgroup
Added: Aug 24
Changed: Oct 5
Last Checked: Oct 7 at 2:49PM
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 The Rosemont Group Realty LLC
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Investment Insights
Based on property information with market context.
This multifamily property at 1012 W Hadley St. was built in 1900 and is offered in its current as-is condition. The property requires substantial renovation and is intended for buyers prepared to manage a significant rehabilitation project.
The asset is a City of Milwaukee tax foreclosure property located in District 15. Essential repairs must be completed within 180 days, with the City required to provide proof of completion. A performance deposit is required, and caution is advised when entering the building.
The asset is a City of Milwaukee tax foreclosure property located in District 15. Essential repairs must be completed within 180 days, with the City required to provide proof of completion. A performance deposit is required, and caution is advised when entering the building.
Key Highlights
- Multifamily property built in 1900
- 1,450 property size
- Substantial renovation required; sold as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,505
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,100
$270.1K
Cap Rate 7%
$192,929
$192.9K
Cap Rate 9%
$150,056
$150.1K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$25.6K $17.64/SF
− Vacancy
−$1.0K −$0.71/SF
EGI
$24.6K $16.93/SF
− OpEx
−$11.0K −$7.62/SF
NOI
$13.5K $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%
$270,100
Cap Rate 7%
$192,929
Cap Rate 9%
$150,056
Alternative Uses
Best Use
Apartment 5plus
$192.9K
$168.8K – $225.1K
NOI $13,505 @ 7.0% cap · market cap 240.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.4K
$304.9K – $406.5K
NOI $24,391 @ 7.0% cap · market cap 433.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
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Business Placement
Demographics for 53206, WI
22,816
Population
10,077
Households
2.3
Avg Household Size
32
Median Age
7%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
8,450
Density / Sq Mi
$28,995
Median Household Income
$25,655
Median Earnings
$998
Median Rent
$70,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - As-is multifamily property requiring substantial renovation, with ownership available to both investors and owner occupants.
Where is this multifamily property located?
The property is located at 1012 W Hadley St Milwaukee, WI.
What are key features of this property?
This property features: Multifamily property built in 1900; 1,450 property size; Substantial renovation required; sold as‑is
