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Mixed-Use Retail and Apartment Building

1901 S 6th STREET Milwaukee, WI 53204

Claim this Listing
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:
$135.33/SF
Added:
Jun 17, 2026
Days on Market:
28
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

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


Investment Insights

Based on property information with market context.

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.

Key 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

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.

Property Analytics

Property Profile 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.

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
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