Quadplex with
For Sale
$385,000
1901 S 6th St, Milwaukee, WI 53204
Mixed-use quadplex with a storefront and four apartments, with three units updated for reduced near-term capital needs.
Property Size2,845 SF
Price / SF$135.33
Days on Market38
Property Features for 1901 S 6th St
General Information
Standard status
Active
Size
2,845 SF
Additional Details
Gross Income
$53,400
Listing Agency:
Homestead Realty, Inc
(414) 514-4699
Listed By:
The Borowski Group* · License #5867390
(414) 514-4699
Source:
Exprealty
Added: Jun 26
Changed: Jul 29
Last Checked: Jul 31 at 5:11PM
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
Investment Insights
Based on property information with market context.
This mixed-use quadplex includes a storefront plus four residential apartments. Three of the four apartment units have been updated, which can help reduce immediate capital improvement needs compared with a fully dated unit mix.
The property is listed for sale at 1901 S 6th St in Milwaukee, WI. It is set up to support multiple rental streams through the combination of storefront and residential tenancy.
With a total property size of 2,845 SF, this configuration is well suited for investors looking for a compact, income-producing asset that blends street-level retail space with residential units.
The property is listed for sale at 1901 S 6th St in Milwaukee, WI. It is set up to support multiple rental streams through the combination of storefront and residential tenancy.
With a total property size of 2,845 SF, this configuration is well suited for investors looking for a compact, income-producing asset that blends street-level retail space with residential units.
Key Highlights
- Mixed‑use property with a storefront and four residential apartments
- Three of the four apartment units have been updated
- Total property size: 2,845 SF
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
NOI $29,843 @ 7.0% cap · market cap 7.75%
Second Best
Multifamily LT 5
$408.8K
$357.7K – $477.0K
NOI $28,618 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$683.7K
$598.2K – $797.6K
NOI $47,857 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 53204, WI
39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Mixed-use quadplex with a storefront and four apartments, with three units updated for reduced near-term capital needs.
Where is this quadplex located?
The property is located at 1901 S 6th St 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 storefront and four residential apartments; Three of the four apartment units have been updated; Total property size: 2,845 SF
