Four-Unit Brick Apartment
2118 S 7th St, Milwaukee, WI 53233
For Sale
New
$464,900
The property combines varied apartment layouts with a detached garage and recently improved interiors in three residences.
Property Size2,952 SF
Price / SF$157.49
Days on Market7
Property Features for 2118 S 7th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Construction
Listing Agency:
Realty of America LLC
(708) 323-1560
Listed By:
Rodolfo Garcia-Garcia · License WI #8617694
(414) 810-8450
Source:
Exprealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 8 at 6:27AM
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 Realty of America LLC
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Investment Insights
Based on property information with market context.
This 2,952-square-foot brick multifamily building contains four separate apartments, each with its own kitchen and living area. The mix includes two 3-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one 1-bedroom/1-bath unit. Three apartments have received recent updates, and a detached 2-car garage is included. All four units are vacant.
The property is located across from Kosciuszko Park at 2118 S 7th St in Milwaukee.
The property is located across from Kosciuszko Park at 2118 S 7th St in Milwaukee.
Key Highlights
- Four apartments: two 3‑bedroom/1‑bath units, one 2‑bedroom/1‑bath unit, and one 1‑bedroom/1‑bath unit
- 2,952 square feet in a brick building
- Separate kitchen and living area in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,694
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,880
$593.9K
Cap Rate 7%
$424,200
$424.2K
Cap Rate 9%
$329,933
$329.9K
Market Conditions
NOI Build-Up for 2,952 SF
Gross rent
$44.3K $15.00/SF
− Vacancy
−$1.9K −$0.63/SF
EGI
$42.4K $14.37/SF
− OpEx
−$12.7K −$4.31/SF
NOI
$29.7K $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%
$593,880
Cap Rate 7%
$424,200
Cap Rate 9%
$329,933
Alternative Uses
Best Use
Multifamily LT 5
$424.2K
$371.2K – $494.9K
NOI $29,694 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$392.8K
$343.7K – $458.3K
NOI $27,495 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$709.4K
$620.7K – $827.6K
NOI $49,657 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,103
Businesses Nearby
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Business Placement
Demographics for 53233, WI
15,531
Population
5,531
Households
2.8
Avg Household Size
25
Median Age
17%
College-Educated
78%
High-School Grad
1.8 sq mi
ZIP Area
8,628
Density / Sq Mi
$20,306
Median Household Income
$10,060
Median Earnings
$846
Median Rent
$132,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Milwaukee, WI
Properties on Market for Quadplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The property combines varied apartment layouts with a detached garage and recently improved interiors in three residences.
Where is this quadplex located?
The property is located at 2118 S 7th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: Four apartments: two 3‑bedroom/1‑bath units, one 2‑bedroom/1‑bath unit, and one 1‑bedroom/1‑bath unit; 2,952 square feet in a brick building; Separate kitchen and living area in each residence
