Renovated 5-Unit Apartment
For Sale
$1,125,000
2436 S Wentworth Ave, Milwaukee, WI 53207
Updated multifamily property with furnished short-term rental capability, separate utility metering, parking, and on-site laundry.
Property Size3,550 SF
Price / SF$316.90
Days on Market79
Property Features for 2436 S Wentworth Ave
General Information
Standard status
Active
Size
3,550 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Amenities
stainless steel appliances
off-street parking
onsite laundry
Building Details
Year Built
1913
Buildings
1
Listing Agency:
Apartment Cash Flow, Inc.
Listed By:
Max Fiascone · License #55937
(414) 250-8132
Source:
Jwregwi
Added: Jul 30
Changed: Oct 3
Last Checked: Oct 15 at 12:34AM
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 Apartment Cash Flow, Inc.
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Investment Insights
Based on property information with market context.
This renovated five-unit apartment building includes four updated apartments configured for long-term occupancy and one furnished two-bedroom unit operating as an Airbnb. The interiors feature refreshed kitchens, stainless steel appliances, and contemporary finishes. Gas and electric service are separately metered by unit, with tenants paying those utilities. On-site laundry and off-street parking add practical amenities for residents.
Major property improvements include a roof replacement completed in 2017 and new exhaust vents installed in 2023. The furnished unit supports short-term, mid-term, or traditional long-term rental use, while the remaining apartments are leased on a long-term basis.
The property is located at 2436 S Wentworth Ave in Milwaukee’s Bay View area, near Kinnickinnic Avenue, South Shore Park, Lake Michigan, downtown Milwaukee, restaurants, and shopping.
Major property improvements include a roof replacement completed in 2017 and new exhaust vents installed in 2023. The furnished unit supports short-term, mid-term, or traditional long-term rental use, while the remaining apartments are leased on a long-term basis.
The property is located at 2436 S Wentworth Ave in Milwaukee’s Bay View area, near Kinnickinnic Avenue, South Shore Park, Lake Michigan, downtown Milwaukee, restaurants, and shopping.
Key Highlights
- 5‑unit apartment building with four renovated long‑term apartments
- Furnished 2‑bedroom unit currently operating as an Airbnb
- New roof completed in 2017 and exhaust vents added in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,064
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,280
$661.3K
Cap Rate 7%
$472,343
$472.3K
Cap Rate 9%
$367,378
$367.4K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$62.6K $17.64/SF
− Vacancy
−$2.5K −$0.71/SF
EGI
$60.1K $16.93/SF
− OpEx
−$27.1K −$7.62/SF
NOI
$33.1K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,280
Cap Rate 7%
$472,343
Cap Rate 9%
$367,378
Alternative Uses
Best Use
Apartment 5plus
$472.3K
$413.3K – $551.1K
NOI $33,064 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$853.1K
$746.5K – $995.3K
NOI $59,717 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
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
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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?
Apartment building - Updated multifamily property with furnished short-term rental capability, separate utility metering, parking, and on-site laundry.
Where is this apartment building located?
The property is located at 2436 S Wentworth Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 5‑unit apartment building with four renovated long‑term apartments; Furnished 2‑bedroom unit currently operating as an Airbnb; New roof completed in 2017 and exhaust vents added in 2023
