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Quadplex with Alley Parking
For Sale
$299,900

1230 West Greenfield Avenue, Milwaukee, WI 53204

Four-unit residential income property with updated exterior elements, off-street parking, and access to transit and shopping.

Property Size4,356 SF
Price / SF$68.85
Days on Market239

Property Features for 1230 West Greenfield Avenue

General Information

Standard status Active
Size 4,356 SF
Total Parking Spaces 8
Property subtype Multi-Family / Multi-Family
Net Operating Income $42,000

Units

Unit Mix 2BR (Front Lower), 1BR (Upper Rear), 2BR (Lower), 2BR (Upper)
Multifamily Units 4

Additional Details

Public Transit Yes

Amenities

Full, Yes
Aluminum Siding

Building Details

Year Built 1950
Listing Agency: Venture Real Estate Group LLC
Listed By: Manish Satija · License #85413-94
Source: Compass
Added: Jan 6 Changed: Aug 30 Last Checked: Aug 30 at 6:24AM

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 Venture Real Estate Group LLC

Investment Insights

Based on property information with market context.

This four-unit residential income property was built in 1950 and contains 4,356 square feet. The unit mix includes three 2-bedroom residences and one 1-bedroom residence, with one 1-bedroom unit currently vacant. Exterior features include aluminum siding and newer windows, while alley access provides parking for 6-8 vehicles.

The property is located at 1230 West Greenfield Avenue in Milwaukee, WI 53204, near public transportation and shopping. The vacant unit offers flexibility for an owner-occupant or for placing an additional tenant, subject to applicable leasing considerations.

Key Highlights

  • Four‑unit property totaling 4,356 square feet
  • Unit mix includes three 2BR units and one 1BR unit
  • One 1‑bedroom unit is currently vacant

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Electrical Service Catering Service Acupuncture Skin Care Clinic HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,554
Businesses Nearby

Demographics for 53204, WI

39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit residential income property with updated exterior elements, off-street parking, and access to transit and shopping.
Where is this quadplex located?
The property is located at 1230 West Greenfield Avenue Milwaukee, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Four‑unit property totaling 4,356 square feet; Unit mix includes three 2BR units and one 1BR unit; One 1‑bedroom unit is currently vacant
More about this property
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