6-Unit Apartment
For Sale
$749,000
1144 N 33rd St, Milwaukee, WI 53208
Six vacant apartments are listed for rent, giving a new owner the opportunity to establish occupancy.
Property Size6,376 SF
Price / SF$117.47
Days on Market136
Property Features for 1144 N 33rd St
General Information
Standard status
Active
Size
6,376 SF
Property subtype
Multi Family Home
Zoning
RT3
Site & Location
Neighborhood
Cold Spring Park
Units
Unit Mix
3 x 1BR, 1 x 2BR, 1 x 3BR, 1 x 4BR
Multifamily Units
6
Building Details
Building Size
6,376 SF
Year Built
1908
Listing Agency:
REMAX Lakeside-South
(414) 325-0000
Listed By:
TKR Team* · License #8289394
(414) 241-4908
Source:
Defererealestate
Added: Jun 22
Changed: Oct 30
Last Checked: Nov 4 at 6:50AM
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 REMAX Lakeside-South
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Investment Insights
Based on property information with market context.
This 6,376-square-foot apartment building dates to 1908 and contains six units: three one-bedroom apartments and one each with two, three, and four bedrooms. Kitchens and bathrooms have been updated, with granite finishes and walk-in showers. The property also has three boilers and laundry hookups in the basement.
All six apartments are vacant and listed for rent. The property is zoned RT3 and is located at 1144 N 33rd St in Milwaukee.
All six apartments are vacant and listed for rent. The property is zoned RT3 and is located at 1144 N 33rd St in Milwaukee.
Key Highlights
- Six apartments totaling 6,376 square feet, with three one‑bedroom units and one each with two, three, and four bedrooms
- Updated kitchens and bathrooms feature granite finishes and walk‑in showers
- Three boilers and basement laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,386
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,720
$1.2M
Cap Rate 7%
$848,371
$848.4K
Cap Rate 9%
$659,844
$659.8K
Market Conditions
NOI Build-Up for 6,376 SF
Gross rent
$112.5K $17.64/SF
− Vacancy
−$4.5K −$0.71/SF
EGI
$108.0K $16.93/SF
− OpEx
−$48.6K −$7.62/SF
NOI
$59.4K $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%
$1,187,720
Cap Rate 7%
$848,371
Cap Rate 9%
$659,844
Alternative Uses
Best Use
Apartment 5plus
$848.4K
$742.3K – $989.8K
NOI $59,386 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,255 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
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Business Placement
Demographics for 53208, WI
29,644
Population
13,778
Households
2.2
Avg Household Size
33
Median Age
31%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
7,058
Density / Sq Mi
$50,585
Median Household Income
$40,729
Median Earnings
$924
Median Rent
$196,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Six vacant apartments are listed for rent, giving a new owner the opportunity to establish occupancy.
Where is this apartment building located?
The property is located at 1144 N 33rd St Milwaukee, WI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Six apartments totaling 6,376 square feet, with three one‑bedroom units and one each with two, three, and four bedrooms; Updated kitchens and bathrooms feature granite finishes and walk‑in showers; Three boilers and basement laundry hookups
