7416 Harwood Ave Wauwatosa, WI 53213
48-unit multifamily property with three retail suites in Wauwatosa.
Type:Multifamily
Property size:
23,351 SF- Added:
- Apr 3, 2026
- Days on Market:
- 20
- Last Refresh:
- Apr 3 at 4:59 am
Property Features for 7416 Harwood Ave
General Information
- Standard status
- Active
- Size
- 23,351 SF
- Property subtype
- Multifamily
Listing agent Matthew E. Whiteside License #License(s): WI: 56948-090 (262) 364-1930
Listing office (262) 364-1930
Listing date Apr 3, 2026
Source Marcusmillichap
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 Matthew E. Whiteside
Overview
Wauwatosa Multifamily Property with Retail
Located in the Village of Wauwatosa, this property at 7416 Harwood Avenue features a 48-unit multifamily building with three retail suites. Originally built as the Underwood Hotel in 1930 and converted to apartments in 1953, the property offers a mix of residential and commercial spaces. The building includes 18,350 square feet of apartment space and approximately 5,001 square feet of commercial space, totaling 23,351 square feet. The unit mix comprises eight efficiency units (approximately 250 square feet), eleven studio units (approximately 300 square feet), and twenty-nine one-bedroom, one-bathroom units (approximately 450 square feet). Additionally, there are three ground-level commercial suites: Harwood Hair (approximately 2,500 square feet), Tranquil Escape Day Spa (approximately 1,000 square feet), and American Family Insurance (approximately 1,501 square feet). Residential units include a refrigerator and range, and approximately 22 units feature updated flooring and paint, with appliances replaced as needed. All residential utilities, including electricity, heat, water/sewer, and trash/recycling, are included in the rent. The landlord also covers electricity, heat, natural gas, water, and sewer for retail tenants. Amenities include on-site laundry (owned machines), storage cages available for $10 per month, and parking for $35 per month. The property features 29 surface parking stalls, and ownership maintains an overflow parking agreement with the Unity Center at 1717 N. 73rd Street.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Wauwatosa
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -88.0055494
- Latitude
- 43.0514635
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 48-unit multifamily property with three retail suites in Wauwatosa.
Where is this apartment building located?
The property is located at 7416 Harwood Ave Wauwatosa, WI.
What is the asking price?
The asking price for this property is $6,150,000.
What are key features of this property?
This property features: Prime location in the Village of Wauwatosa, offering strong walkability, bike access, and proximity to local shops, dining, and entertainment.; Convenient access to major employers at the Milwaukee Regional Medical Center (MRMC), including Froedtert Hospital and the Medical College of Wisconsin.; Strong transportation links with easy access to I‑41 and I‑94, providing direct routes to downtown Milwaukee, northern Wisconsin, southern Wisconsin, and Chicago.
