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Four-Unit Residential Property
New
For Sale
$219,900

2421 S 5th Pl, Milwaukee, WI 53207

Milwaukee, WI

Property SizeContact for details
Lot Size0.07 Acres
Days on Market2

Property Features for 2421 S 5th Pl

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RT4 Residential
Elementary school district Milwaukee
Middle school district Milwaukee
High school district Milwaukee
Standard status Active
APN 4980552000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3398

Building Details

Year built 1895
Listing Agency: HomeWire Realty
Listed By: Melissa Buttrum · License #5808890
Added: Sep 5 Changed: Sep 6 Last Checked: Sep 6 at 9:06PM
MLS# 1979407

Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1895, this four-family residential property contains a studio, two one-bedroom apartments, and one two-bedroom apartment. The building is professionally managed, and two units are currently rent-ready for future occupancy. The property sits on 0.07 acres and is designated RT4 Residential.

Located at 2421 S 5th Pl in Milwaukee’s South Side, the property offers an established residential setting within Milwaukee County. Its four-unit configuration and mix of apartment sizes provide a range of housing layouts within one investment property.

Key Highlights

  • Four‑family property with one studio, two 1‑bedroom units, and one 2‑bedroom unit
  • Two units are currently rent‑ready
  • Professionally managed residential property

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Plumbing Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

774
Businesses Nearby

Demographics for 53207, WI

34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Professionally managed residential investment property with a varied apartment mix and two units ready for occupancy.
Where is this quadplex located?
The property is located at 2421 S 5th Pl Milwaukee, WI.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Four‑family property with one studio, two 1‑bedroom units, and one 2‑bedroom unit; Two units are currently rent‑ready; Professionally managed residential property
More about this property
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