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Fully Rented Multi-Unit Residential Building
For Sale
$298,900

1532 S 23rd St, Milwaukee, WI 53204

Milwaukee, WI

Property SizeContact for details
Lot Size0.10 Acres
Days on Market49

Property Features for 1532 S 23rd St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RT4
Elementary school district Milwaukee
Middle school district Milwaukee
High school district Milwaukee
Directions 15S 23W
Standard status Active
APN 4590152000
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5455

Building Details

Year built 1926
Listing Agency: Homestead Realty, Inc
Listed By: Tiare Castro-Villafuentes · License #92169-94
Added: Jul 22 Changed: Aug 20 Last Checked: Sep 8 at 12:06AM
MLS# 1972828

Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multi-unit residential building features a duplex in the front and a single-family cottage in the back, with a yard located in between. All units are fully rented. The property was built in 1926 and sits on a 0.1-acre lot.

Recent updates include new roofs in 2022 and 2024, water heaters replaced in 2025 and 2026, and a new furnace installed in 2021. A new back porch was completed in 2026.

Zoned RT4, the layout provides two distinct living areas within one property footprint, supporting straightforward long-term occupancy.

Key Highlights

  • All units are fully rented
  • Duplex in the front and single‑family cottage in the back with a yard in between
  • Zoned RT4

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Electrical Service Cafe & Coffee Shop Acupuncture

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

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,169
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - RT4 zoned duplex-in-front, cottage-in-back property with a yard in between; all units are fully rented.
Where is this duplex located?
The property is located at 1532 S 23rd St Milwaukee, WI.
What is the asking price?
The asking price for this property is $298,900.
What are key features of this property?
This property features: All units are fully rented; Duplex in the front and single‑family cottage in the back with a yard in between; Zoned RT4
More about this property
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