Listed By: Luis Robles Show Phone

Added: Jan 16, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This exceptional investment opportunity features a 120-unit multifamily portfolio consisting of four brick buildings located in Milwaukee's Near West Side neighborhood. The portfolio has a stable occupancy rate, with a low 1.87% vacancy. The buildings are located within a half-mile radius, offering operational efficiencies. The unit mix is diversified, with 86.7% consisting of one-bedroom units. Analysis reveals a potential gross scheduled income (GSI) increase of 15.5%. Operating expense projections yield an expense ratio of 48.92%. The total building size is 73,262 square feet, situated on a 1.68-acre lot. This portfolio offers immediate cash flow and value-add potential, making it an ideal acquisition for investors seeking a presence in the Milwaukee multifamily market.

Key Highlights

• Stable occupancy with minimal vacancy ---- 1.87% current vacancy
• Diversified unit mix ---- 86.7% one‑bedroom units
• Below‑market rents ---- 15.5% potential GSI increase

Property Analytics

Current Use

Residential income homes

Location Intelligence

Trade Area within ½ mile

2,105

Businesses Nearby

Explore this area Business Placement

Demographics for 53233, WI

15,531

Population

5,531

Households

2.8

Avg Household Size

25

Median Age

17%

College-Educated

78%

High-School Grad

1.8 sq mi

ZIP Area

8,628

Density / Sq Mi

$20,306

Median Household Income

$10,060

Median Earnings

$846

Median Rent

$132,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - 120-unit multifamily portfolio, 4 brick buildings in the Near West Side neighborhood of Milwaukee, WI.

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: Stable occupancy with minimal vacancy ---- 1.87% current vacancy; Diversified unit mix ---- 86.7% one‑bedroom units; Below‑market rents ---- 15.5% potential GSI increase