Three-Unit Multifamily
For Sale
$475,000
1916 E Webster Pl, Milwaukee, WI 53211
Fully occupied investment property with distinct entrances and mechanical systems for each residence.
Property Size2,556 SF
Days on Market49
Property Features for 1916 E Webster Pl
General Information
Standard status
Active
Size
2,556 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Murray Hill
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Building Size
2,556 SF
Year Built
1904
Listing Agency:
Jason Scott Realty & Management, LLC
Listed By:
Alex Fernhaber · License #29978
(414) 465-9343
Source:
Karlaflorance.kw
Added: Sep 5
Changed: Oct 4
Last Checked: Oct 23 at 3:41AM
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 Jason Scott Realty & Management, LLC
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Investment Insights
Based on property information with market context.
This 1904 triplex contains three separate residences with distinct entrances and mechanical systems. The unit mix includes a four-bedroom, two-bath apartment with an in-unit washer and dryer, a two-bedroom, one-bath apartment, and a one-bedroom, one-bath apartment. Interior finishes include both hardwood flooring and carpet, and all three units are currently rented.
The property is located at 1916 E Webster Pl on Milwaukee’s East Side. UWM, Downer Avenue, North Avenue, and Oakland Avenue are all within walking distance, providing direct proximity to established campus and neighborhood destinations.
The property is located at 1916 E Webster Pl on Milwaukee’s East Side. UWM, Downer Avenue, North Avenue, and Oakland Avenue are all within walking distance, providing direct proximity to established campus and neighborhood destinations.
Key Highlights
- Three‑unit multifamily property built in 1904
- Unit mix includes 4‑bed/2‑bath, 2‑bed/1‑bath, and 1‑bed/1‑bath residences
- All three units are fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,711
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,220
$514.2K
Cap Rate 7%
$367,300
$367.3K
Cap Rate 9%
$285,678
$285.7K
Market Conditions
NOI Build-Up for 2,556 SF
Gross rent
$38.3K $15.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$36.7K $14.37/SF
− OpEx
−$11.0K −$4.31/SF
NOI
$25.7K $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%
$514,220
Cap Rate 7%
$367,300
Cap Rate 9%
$285,678
Alternative Uses
Best Use
Multifamily LT 5
$367.3K
$321.4K – $428.5K
NOI $25,711 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$340.1K
$297.6K – $396.8K
NOI $23,806 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$614.2K
$537.5K – $716.6K
NOI $42,996 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,989
Businesses Nearby
Explore this area
Business Placement
Demographics for 53211, WI
36,327
Population
16,346
Households
2.2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
4.0 sq mi
ZIP Area
9,082
Density / Sq Mi
$76,206
Median Household Income
$40,214
Median Earnings
$1,225
Median Rent
$413,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied investment property with distinct entrances and mechanical systems for each residence.
Where is this triplex located?
The property is located at 1916 E Webster Pl Milwaukee, WI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three‑unit multifamily property built in 1904; Unit mix includes 4‑bed/2‑bath, 2‑bed/1‑bath, and 1‑bed/1‑bath residences; All three units are fully rented
