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9-Unit Apartment Building with New Roof
For Sale
$650,000

1556-1558 S 24th St, Milwaukee, WI 53204

Nine units in two side-by-side buildings; eight tenant-occupied on month-to-month leases with separate electric and gas meters.

Property Size7,416 SF
Days on Market26

Property Features for 1556-1558 S 24th St

General Information

Standard status Active
Size 7,416 SF
Total Parking Spaces 3
Property subtype Multi Family Home
Occupancy 89%

Units

Unit Mix 1 x 4BR/1BA, 2 x 3BR/1BA, 5 x 2BR/1BA
Multifamily Units 9

Additional Details

Gross Income $96,000
Utilities to Site Yes

Amenities

backyard

Building Details

Building Size 7,416 SF
Year Built 1904
Buildings 2
Tenancy Multi
Listing Agency: Coldwell Banker Realty
Listed By: Marcia Abramowski · License #8532794
Source: Therealtycompanyllc
Added: Jul 17 Changed: Aug 8 Last Checked: Aug 10 at 11:23AM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This is a package listing of two MLS properties offered together, featuring a total of 9 units across duplex and multi-unit configurations positioned side by side and sharing a backyard. The unit mix consists of one 4 bed/1 bath unit, two 3 bed/1 bath units, and five 2 bed/1 bath units. Eight of the nine units are tenant occupied with MTM (month-to-month) leases. Each unit has separate electric and gas meters, with tenant-paid utilities.

The duplex includes a 3-car garage. The roof has been updated with a “brand new” roof on the front of both buildings, while the back asphalt roofs are approximately from 2024. Newer water heaters are also noted. The property was built in 1904.

Located at 1556–1558 S 24th St in Milwaukee, this setup provides a straightforward, separately-metered multi-family portfolio addition with predominantly month-to-month tenant occupancy.

Key Highlights

  • 9 total units across two side‑by‑side buildings (duplex plus 7‑unit building)
  • 8 of 9 units tenant occupied on MTM (month‑to‑month) leases
  • Unit mix: one 4 bed/1 bath, two 3 bed/1 bath, five 2 bed/1 bath

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Electrical Service HVAC Service Building Supply

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

9
Residential units
88.9%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

827
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Nine units in two side-by-side buildings; eight tenant-occupied on month-to-month leases with separate electric and gas meters.
Where is this apartment building located?
The property is located at 1556-1558 S 24th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 9 total units across two side‑by‑side buildings (duplex plus 7‑unit building); 8 of 9 units tenant occupied on MTM (month‑to‑month) leases; Unit mix: one 4 bed/1 bath, two 3 bed/1 bath, five 2 bed/1 bath
More about this property
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