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Four-Unit Apartment Building
For Sale
$399,900

1615 S 54th St, West Milwaukee, WI 53214

West Milwaukee, WI

Property SizeContact for details
Lot Size0.16 Acres
Days on Market8

Property Features for 1615 S 54th St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi Family
Elementary school district West Allis-West Milwaukee
Middle school district West Allis-West Milwaukee
High school district West Allis-West Milwaukee
Directions W Beloit Ave to S 54th St north to building.
Standard status Active
APN 4551099000
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6354

Amenities

coin operated laundry

Building Details

Year built 1941
Listing Agency: Keller Williams Realty-Milwaukee Southwest
Listed By: The Krickeberg Group* · License #2013009293
Added: Sep 9 Changed: Sep 14 Last Checked: Sep 16 at 8:06PM
MLS# 1979802

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 1941-built quadplex contains four one-bedroom, one-bath apartments within a multi-family property zoned Multi Family. Three units are leased month-to-month and one is vacant. Each unit has access to outdoor off-street parking, while common and private entrances serve the building. One apartment has been remodeled, and some windows have been updated; other units and common areas require further updating. The roof was updated in 2017.

The property at 1615 S 54th St in West Milwaukee includes a spacious basement with storage areas and coin-operated laundry. A central boiler provides heat throughout the building. The 0.16-acre property is being offered in its current condition, with buyer due diligence required.

Key Highlights

  • Four 1 bed, 1 bath units
  • 3 units rented MTM and 1 vacant
  • Outdoor off‑street parking for all units

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency (Bike/Boat/Book/etc) Store Bakery 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

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,236
Businesses Nearby

Demographics for 53214, WI

34,297
Population
17,530
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
4,831
Density / Sq Mi
$62,712
Median Household Income
$46,304
Median Earnings
$999
Median Rent
$178,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Multi-family property with off-street parking, basement storage, coin-operated laundry, and a central boiler serving all units.
Where is this quadplex located?
The property is located at 1615 S 54th St West Milwaukee, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four 1 bed, 1 bath units; 3 units rented MTM and 1 vacant; Outdoor off‑street parking for all units
More about this property
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