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Four-Unit Apartment Building
For Sale
$220,000

420 West Keefe Avenue Unit 422, Milwaukee, WI 53212

Fully occupied quadplex with one-bedroom apartments, newer furnaces, and water heaters.

Property Size2,276 SF
Price / SF$96.66
Days on Market546

Property Features for 420 West Keefe Avenue Unit 422

General Information

Standard status Active
Size 2,276 SF
Property subtype Multi-Family / Multi-Family
Occupancy 100%
Net Operating Income $21,779

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Additional Details

Gross Income $34,800

Amenities

Block, Full, Yes
Stucco

Building Details

Year Built 1924
Tenancy Multi
Listing Agency: The Real Estate Edge, LLC
Listed By: Bret Duer · License #92596-94
Source: Compass
Added: Mar 6, 2025 Changed: Sep 2 Last Checked: Aug 30 at 3:24PM

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 The Real Estate Edge, LLC

Investment Insights

Based on property information with market context.

This 2,276-square-foot quadplex, built in 1924, contains four apartments, each configured with one bedroom and one bathroom. The property is fully occupied and includes newer furnaces and water heaters. Recent repairs were completed for the Section 8 unit.

Lease arrangements include three apartments rented month to month and one apartment under a one-year Section 8 lease. The unit mix provides a consistent four-apartment configuration within a compact multifamily property.

Key Highlights

  • Four one‑bedroom, one‑bathroom apartments
  • 2,276 square feet; built in 1924
  • Fully occupied across all four units

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Kitchen & Bath Showroom Gym & Fitness Center Big Box & Wholesale Store

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
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

679
Businesses Nearby

Demographics for 53212, WI

28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
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 - Fully occupied quadplex with one-bedroom apartments, newer furnaces, and water heaters.
Where is this quadplex located?
The property is located at 420 West Keefe Avenue Unit 422 Milwaukee, WI.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom apartments; 2,276 square feet; built in 1924; Fully occupied across all four units
More about this property
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