3-Unit
For Sale
$359,000
1856-1854 N Humboldt Ave, Milwaukee, WI 53202
Two units are rented, while the third is vacant following remodeling.
Property Size2,457 SF
Price / SF$146.11
Days on Market12
Property Features for 1856-1854 N Humboldt Ave
General Information
Standard status
Active
Size
2,457 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Lower East Side
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,088
Listing Agency:
Harbin Realty Management LLC
Listed By:
Guangfu Jia · License #5737090
(414) 921-8299
Source:
Exprealty
Added: Oct 23
Changed: Oct 30
Last Checked: Nov 3 at 8:07AM
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.
The 2,457-square-foot triplex at 1856-1854 N Humboldt Ave in Milwaukee contains three units. Two are rented, and the third is vacant after remodeling.
The property is a few blocks from Brady St and just yards from Water ST.
The property is a few blocks from Brady St and just yards from Water ST.
Key Highlights
- Three‑unit multifamily property
- 2,457 square feet
- Two units currently rented; one vacant unit has been remodeled
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
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Two units are rented, while the third is vacant following remodeling.
Where is this triplex located?
The property is located at 1856-1854 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‑unit multifamily property; 2,457 square feet; Two units currently rented; one vacant unit has been remodeled
