Tax-Foreclosed Multifamily
For Sale
Contact for pricing
1408 W Concordia Ave, Milwaukee, WI 53206
Built in 1910 and offered through a City of Milwaukee foreclosure process.
Property Size1,722 SF
Price / SF$17.36
Days on Market64
Property Features for 1408 W Concordia Ave
General Information
Standard status
Active
Size
1,722 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
City of Milwaukee-DCD
Listed By:
Teresa Wynn · License #6007890
(414) 286-5838
Source:
Levelupwi
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 7 at 4:35PM
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 City of Milwaukee-DCD
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Investment Insights
Based on property information with market context.
This multifamily property at 1408 W Concordia Ave in Milwaukee was constructed in 1910 and is being offered through the City of Milwaukee tax-foreclosure process.
Owner-occupants receive priority during the offering period. Bids are due September 8, 2026, at 10:00am.
Owner-occupants receive priority during the offering period. Bids are due September 8, 2026, at 10:00am.
Key Highlights
- City of Milwaukee tax‑foreclosed property
- Multifamily classification
- Constructed in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,039
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,780
$320.8K
Cap Rate 7%
$229,129
$229.1K
Cap Rate 9%
$178,211
$178.2K
Market Conditions
NOI Build-Up for 1,722 SF
Gross rent
$30.4K $17.64/SF
− Vacancy
−$1.2K −$0.71/SF
EGI
$29.2K $16.93/SF
− OpEx
−$13.1K −$7.62/SF
NOI
$16.0K $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%
$320,780
Cap Rate 7%
$229,129
Cap Rate 9%
$178,211
Alternative Uses
Best Use
Apartment 5plus
$229.1K
$200.5K – $267.3K
NOI $16,039 @ 7.0% cap · market cap 53.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.8K
$362.1K – $482.8K
NOI $28,967 @ 7.0% cap · market cap 96.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
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Business Placement
Demographics for 53206, WI
22,816
Population
10,077
Households
2.3
Avg Household Size
32
Median Age
7%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
8,450
Density / Sq Mi
$28,995
Median Household Income
$25,655
Median Earnings
$998
Median Rent
$70,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1910 and offered through a City of Milwaukee foreclosure process.
Where is this multifamily property located?
The property is located at 1408 W Concordia Ave Milwaukee, WI.
What are key features of this property?
This property features: City of Milwaukee tax‑foreclosed property; Multifamily classification; Constructed in 1910
