Three-Unit Multifamily with Updated
1848 North Cambridge Avenue Milwaukee, WI 53202
1848 North Cambridge Avenue, Milwaukee, WI, 53202
$519,900
For Sale
$519,900
Three-unit multifamily property featuring a newer roof and newer mechanicals, ready for new ownership.
Property Size2,647 SF
Price / SF$196.41
Days on Market23
Property Features for 1848 North Cambridge Avenue
General Information
- Standard status
- Active
- Size
- 2,647 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1895
Listing agency
RE/MAX Service First
(262) 271-3937
Listed by
Sheehan Mohn Group* · License #52998-94
(262) 271-3937
Source
Compass
Added: Jul 1 Updated: Jul 21 at 6:20AM Checked: Jul 22 at 7:23AM
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 RE/MAX Service First
Investment Insights
Based on property information with market context.
This is a three-unit multifamily property offered for sale. The building includes a newer roof and newer mechanicals, and is presented as ready for new ownership.
Located at 1848 North Cambridge Avenue in Milwaukee, Wisconsin, the property is described as being steps away from what Brady Street has to offer.
The offering is configured as a 3-unit residential income building, suitable for buyers seeking a smaller multifamily asset in a walkable retail/restaurant corridor.
Located at 1848 North Cambridge Avenue in Milwaukee, Wisconsin, the property is described as being steps away from what Brady Street has to offer.
The offering is configured as a 3-unit residential income building, suitable for buyers seeking a smaller multifamily asset in a walkable retail/restaurant corridor.
Key Highlights
- 3‑unit multifamily home
- Full basement
- Newer roof and newer mechanicals
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.7k | $15.00 |
| − Vacancy | −$1.7k | −$0.63 |
| EGI | $38.0k | $14.37 |
| − OpEx | −$11.4k | −$4.31 |
| NOI | $26.6k | $10.06 |
2,647 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.4K
$332.8K – $443.8K
NOI $26,626 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$352.2K
$308.2K – $410.9K
NOI $24,654 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$636.1K
$556.6K – $742.1K
NOI $44,527 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit multifamily property featuring a newer roof and newer mechanicals, ready for new ownership.
Where is this triplex located?
The property is located at 1848 North Cambridge Avenue Milwaukee, WI.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: 3‑unit multifamily home; Full basement; Newer roof and newer mechanicals
