8-Unit Brick Apartment
1810 E Oklahoma Ave, Milwaukee, WI 53207
For Sale
New
$1,050,000
Eight one-bedroom apartments include hardwood floors, with laundry and off-street parking on site.
Property Size6,152 SF
Price / SF$170.68
Days on Market7
Property Features for 1810 E Oklahoma Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
on-site laundry
Building Details
Year Built
Construction
Listing Agency:
The Hub Realty
Listed By:
Segal Goldman Realty Group*
Source:
Homesinwisconsin
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 4:40PM
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 Hub Realty
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Investment Insights
Based on property information with market context.
Built in 1928, this 6,152-square-foot brick apartment property contains eight one-bedroom, one-bathroom units. Interior details include hardwood floors, original woodwork, and built-in features. Kitchens and bathrooms have been updated in select apartments; the building also has updated electrical systems and replacement windows. On-site laundry serves residents, and five paid off-street parking spaces provide an additional income source.
The property is in Milwaukee’s Bay View neighborhood, near Lake Michigan, South Shore Park, restaurants, shopping, and entertainment.
The property is in Milwaukee’s Bay View neighborhood, near Lake Michigan, South Shore Park, restaurants, shopping, and entertainment.
Key Highlights
- Eight 1‑bedroom/1‑bathroom apartments in a 6,152‑square‑foot building
- Built in 1928 with brick construction and English Revival styling
- Hardwood floors, original woodwork, and built‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,299
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,980
$1.1M
Cap Rate 7%
$818,557
$818.6K
Cap Rate 9%
$636,656
$636.7K
Market Conditions
NOI Build-Up for 6,152 SF
Gross rent
$108.5K $17.64/SF
− Vacancy
−$4.3K −$0.71/SF
EGI
$104.2K $16.93/SF
− OpEx
−$46.9K −$7.62/SF
NOI
$57.3K $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%
$1,145,980
Cap Rate 7%
$818,557
Cap Rate 9%
$636,656
Alternative Uses
Best Use
Apartment 5plus
$818.6K
$716.2K – $955.0K
NOI $57,299 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,486 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
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Business Placement
Demographics for 53207, WI
34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Milwaukee, WI
Properties on Market for Apartment buildings in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight one-bedroom apartments include hardwood floors, with laundry and off-street parking on site.
Where is this apartment building located?
The property is located at 1810 E Oklahoma Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Eight 1‑bedroom/1‑bathroom apartments in a 6,152‑square‑foot building; Built in 1928 with brick construction and English Revival styling; Hardwood floors, original woodwork, and built‑ins
