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12-Unit Multifamily Property

2020 W Good Hope Rd, Glendale, WI 53209

For Sale
$1,800,000

Residents cover their own utility costs, and all apartments are currently occupied.

Property SizeContact for details
Days on Market21

Property Features for 2020 W Good Hope Rd

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Site & Location

Neighborhood Milwaukee River Parkway

Additional Details

Tenant in Place Yes

Amenities

basement storage
coin-operated laundry
off-street parking

Building Details

Year Built 1976
Buildings 3
Tenancy Multi
Listing Agency: The Realty Company, LLC
Listed By: Elizabeth Hill
Source: Homesinwisconsin
Added: Oct 20 Changed: Nov 8 Last Checked: Nov 8 at 7:35AM

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 The Realty Company, LLC

Rey
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Investment Insights

Based on property information with market context.

This multifamily offering combines three four-family buildings in Glendale. Across the property, 12 apartments each provide two bedrooms, 1.5 bathrooms, and approximately 1,055 square feet. The buildings date to 1976 and include basement storage areas and coin-operated laundry. Newer roofs are noted across the three buildings.

The apartments are fully occupied, and residents are responsible for utilities. Off-street parking is also provided.

Key Highlights

  • Three four‑family buildings offered as one 12‑unit property
  • Each apartment has two bedrooms, 1.5 bathrooms, and approximately 1,055 sq ft
  • All apartments are occupied; residents pay utilities

Property Analytics

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Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

486
Businesses Nearby

Demographics for 53209, WI

44,586
Population
21,466
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,090
Density / Sq Mi
$45,288
Median Household Income
$33,854
Median Earnings
$980
Median Rent
$150,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Quadplexes in Milwaukee County, WI

$120 Jul
$121 Aug
$123 Sep
$95.84 Oct

Properties on Market for Quadplexes in Milwaukee County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Residents cover their own utility costs, and all apartments are currently occupied.
Where is this quadplex located?
The property is located at 2020 W Good Hope Rd Glendale, WI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three four‑family buildings offered as one 12‑unit property; Each apartment has two bedrooms, 1.5 bathrooms, and approximately 1,055 sq ft; All apartments are occupied; residents pay utilities
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