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    Near West Side Portfolio MILWAUKEE, WI 53233

    Sponsored
    For Sale
    $5,900,000

    120 Units, Near West Side, High Potential

    Property size:
    73,262 SF

    Description

    Added:
    Jan 16, 2025
    Days on Market:
    362
    This exceptional investment opportunity presents a 120-unit multifamily portfolio comprising four brick buildings situated in Milwaukee's Near West Side neighborhood. The portfolio boasts a remarkably stable occupancy rate, currently exhibiting a low 1.87% vacancy. The buildings are conveniently located within a half-mile radius, offering operational efficiencies. The unit mix is diversified, with a significant portion (86.7%) consisting of one-bedroom units. A comprehensive analysis reveals a substantial potential for gross scheduled income (GSI) increase of 15.5%, indicating significant upside for the astute investor. Conservative operating expense projections yield an expense ratio of 48.92%, further enhancing the portfolio's financial attractiveness. The total building size is 73,262 square feet, situated on a 1.68-acre lot. This portfolio offers immediate cash flow and significant value-add potential, making it an ideal acquisition for investors seeking a substantial presence in the Milwaukee multifamily market. The asking price is $5,900,000. This is a rare opportunity to acquire a well-positioned, high-performing multifamily asset in a desirable Milwaukee location.

    Property Features for Near West Side Portfolio

    General Information

    Property type
    Multifamily properties
    Square Feet
    73,262 SF
    Price / Square Foot
    $80
    Elevators
    N/A
    Lot Size
    73,262 SF

    HighLights

    • Exceptional 120‑unit multifamily portfolio in Milwaukee's Near West Side.
    • Four brick buildings offer immediate cash flow and value‑add potential.
    • Historically stable occupancy with low vacancy and below‑market rents.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    MILWAUKEE
    State
    Wisconsin

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    FAQs

    What type of property is this?
    Multifamily property - 120 Units, Near West Side, High Potential
    Where is this multifamily property located?
    The property is located at Near West Side Portfolio MILWAUKEE, WI.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: Exceptional 120-unit multifamily portfolio in Milwaukee's Near West Side.; Four brick buildings offer immediate cash flow and value-add potential.; Historically stable occupancy with low vacancy and below-market rents.
    (773) 293-5067
    Request Owner's contact information
    Near West Side Portfolio MILWAUKEE, WI 53233
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Near West Side Portfolio MILWAUKEE, WI 53233
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