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3-Unit Triplex with Separate Heating
New
For Sale
$319,900

1324 Marquette Avenue, South Milwaukee, WI 53172

Occupied apartments have in-place rents, with municipal water and sewer service.

Property SizeContact for details
Lot Size0.18 Acres
Days on Market6

Property Features for 1324 Marquette Avenue

General Information

Standard status Active
Total Parking Spaces 4
Lot size 0.18 Acres
Property subtype Multi Family Home
Zoning RES

Units

Unit Mix 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Additional Details

Utilities to Site Yes
Tenant in Place Yes

Building Details

Year Built 1900
Buildings 1
Listing Agency: Keller Williams Realty-Milwaukee Southwest
Listed By: Daniel Kallas
Source: Coactionrealestate
Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 5:39PM

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 Keller Williams Realty-Milwaukee Southwest

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Investment Insights

Based on property information with market context.

This 3-unit residential property, built in 1900, contains two apartments with 2 bedrooms and 1 bathroom each, plus a 1-bedroom, 1-bath unit. Every apartment has a living room and kitchen, and individual natural gas heating serves each unit. A full block basement offers storage and space for mechanical equipment. The property also has an updated electrical system and a newer roof.

Set on a 0.18-acre lot in South Milwaukee, the building has two indoor parking spaces and two outdoor spaces. Municipal water and sewer serve the property. It is within the So. Milw School District and near shopping, dining, and major commuter routes. All three units are occupied with rents in place.

Key Highlights

  • Three units: two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment
  • Individual natural gas heating for each unit
  • 0.18‑acre lot with 2 inside and 2 outside parking spaces

Property Analytics

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Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

611
Businesses Nearby

Demographics for 53172, WI

20,795
Population
9,150
Households
2.3
Avg Household Size
42
Median Age
28%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
4,332
Density / Sq Mi
$70,146
Median Household Income
$42,958
Median Earnings
$1,014
Median Rent
$216,400
Median Home Value
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Occupied apartments have in-place rents, with municipal water and sewer service.
Where is this triplex located?
The property is located at 1324 Marquette Avenue South Milwaukee, WI.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Three units: two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment; Individual natural gas heating for each unit; 0.18‑acre lot with 2 inside and 2 outside parking spaces
More about this property
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