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    Mixed-Use Retail and Apartment Building Title is generated by Realmo AI

    1901 S 6th STREET, Milwaukee, WI 53204

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    For Sale
    $385,000

    Retail storefront paired with four residential apartments, three updated, currently producing $4,450 monthly in rental income.

    Type:General Commercial
    Property size:
    2,845 SF
    Price / SF:
    $135/SF
    Added:
    Jun 17, 2026
    Days on Market:
    22
    Last Refresh:
    Jul 2 at 1:32 am

    Property Features for 1901 S 6th STREET

    General Information

    Standard status
    Active
    Size
    2,845 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    1890

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    The Borowski Group*

    Listing office Homestead Realty, Inc

    Listing date Jun 17, 2026

    Source Xome

    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 Homestead Realty, Inc

    HighLights

    • Mixed‑use property with a retail storefront plus four residential apartments
    • Currently generating $4,450 per month in rental income
    • Three of the four apartment units have been updated
    • Zoned LB2
    • Year built: 1890
    • 4 parking spaces

    Overview

    This mixed-use property combines a retail storefront with four residential apartments. The apartment mix includes three units that have been updated, offering a more modern interior standard while keeping the overall building configuration straightforward for income-focused ownership. The property is currently producing $4,450 per month in rental income.

    Located at 1901 S 6th Street in Milwaukee, WI 53204, the building’s storefront component provides on-site commercial space, while the four apartment units contribute ongoing residential rental demand. The combination of retail and apartments creates a diversified income profile within a single structure.

    For investors or owner-users looking for a property with both commercial and residential components, this setup may offer a practical way to manage multiple revenue streams under one ownership. With three of the four apartment units updated and current rental income in place, the building can be evaluated as an income-producing asset that includes a live/work style ownership option and an established rental mix for continued operation.

    Local Financial Insights For Retail

    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 $46.1k $16.20
    − Vacancy −$3.5k −$1.22
    EGI $42.6k $14.99
    − OpEx −$12.8k −$4.50
    NOI $29.8k $10.49
    2,845 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $426.3K
    $373.0K – $497.4K (±1% cap)
    NOI $29,843 @ 7.0% cap · market cap 7.75%
    Second Best
    Multifamily LT 5
    $408.8K
    $357.7K – $477.0K (±1% cap)
    NOI $28,618 @ 7.0% cap · market cap 7.43%
    Theoretical Best
    Office A
    $683.7K
    $598.2K – $797.6K (±1% cap)
    NOI $47,857 @ 7.0% cap · market cap 12.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Milwaukee Housing Authority Housing Authority Bublr Bikes Bike Sharing Station Nabil's Quick Stop Grocery & Convenience Store Set Ministry Inc Church Lapham Park Housing Authority

    Suggested Use

    (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring Store Acupuncture (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store HVAC Service Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9191105
    Latitude
    43.0552336

    FAQs

    What type of property is this?
    Quadplex - Retail storefront paired with four residential apartments, three updated, currently producing $4,450 monthly in rental income.
    Where is this quadplex located?
    The property is located at 1901 S 6th STREET Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Mixed‑use property with a retail storefront plus four residential apartments; Currently generating $4,450 per month in rental income; Three of the four apartment units have been updated
    More about this property
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