Three-Unit Multifamily
New
For Sale
$359,000
1854 N Humboldt Ave, Milwaukee, WI 53202
Two apartments are leased month-to-month, while the third has been remodeled and is vacant.
Property Size2,457 SF
Days on Market3
Property Features for 1854 N Humboldt Ave
General Information
Standard status
Active
Size
2,457 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Lower East Side
Additional Details
Multifamily Units
3
Building Details
Building Size
2,457 SF
Year Built
1900
Listing Agency:
Harbin Realty Management LLC
Listed By:
Guangfu Jia · License #5737090
(414) 921-8299
Source:
Karlaflorance.kw
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:24PM
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 Harbin Realty Management LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit multifamily property was built in 1900. Two apartments are currently occupied under month-to-month leases, and the remaining unit is vacant following remodeling.
The property is on N Humboldt Ave, a few blocks from Brady St and a short distance from Water St.
The property is on N Humboldt Ave, a few blocks from Brady St and a short distance from Water St.
Key Highlights
- Three residential units
- Built in 1900
- Two units currently rented month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,715
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,300
$494.3K
Cap Rate 7%
$353,071
$353.1K
Cap Rate 9%
$274,611
$274.6K
Market Conditions
NOI Build-Up for 2,457 SF
Gross rent
$36.9K $15.00/SF
− Vacancy
−$1.5K −$0.63/SF
EGI
$35.3K $14.37/SF
− OpEx
−$10.6K −$4.31/SF
NOI
$24.7K $10.06/SF
Area
Milwaukee, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,300
Cap Rate 7%
$353,071
Cap Rate 9%
$274,611
Alternative Uses
Best Use
Multifamily LT 5
$353.1K
$308.9K – $411.9K
NOI $24,715 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$326.9K
$286.1K – $381.4K
NOI $22,884 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$590.4K
$516.6K – $688.9K
NOI $41,331 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 53202, WI
27,897
Population
18,629
Households
1.5
Avg Household Size
31
Median Age
66%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
13,284
Density / Sq Mi
$68,482
Median Household Income
$52,339
Median Earnings
$1,234
Median Rent
$298,000
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
Frequently Asked Questions
What type of property is this?
Triplex - Two apartments are leased month-to-month, while the third has been remodeled and is vacant.
Where is this triplex located?
The property is located at 1854 N Humboldt Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Three residential units; Built in 1900; Two units currently rented month‑to‑month
