Quadplex with Two- and Three-Bedroom
For Sale
$375,000
2474 S 13th St, Milwaukee, WI 53215
Residential property with varied bedroom layouts in an established South Side neighborhood.
Property Size3,150 SF
Price / SF$119.05
Days on Market75
Property Features for 2474 S 13th St
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$1,700,000
Multifamily Units
18
Building Details
Year Built
1907
Buildings
4
Listing Agency:
Apartment Cash Flow, Inc.
Listed By:
Max Fiascone · License #55937
(414) 250-8132
Source:
Jwregwi
Added: Aug 1
Changed: Oct 9
Last Checked: Oct 7 at 3:14PM
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.
Investment Insights
Based on property information with market context.
This quadplex contains four residential units within 3,150 net rentable SF. The unit mix includes two- and three-bedroom floor plans, offering a varied configuration within a multifamily asset originally built in 1907.
Located at 2474 S 13th Street in Milwaukee’s South Side, the property is being offered only as part of an 18-unit, four-property portfolio. The sale includes the companion properties at 500 W Arthur Ave, 2258 S 17th St, and 1108-1110 S 20th St. The surrounding area is described as an established South Side neighborhood.
Located at 2474 S 13th Street in Milwaukee’s South Side, the property is being offered only as part of an 18-unit, four-property portfolio. The sale includes the companion properties at 500 W Arthur Ave, 2258 S 17th St, and 1108-1110 S 20th St. The surrounding area is described as an established South Side neighborhood.
Key Highlights
- Four‑unit multifamily property
- 3,150 net rentable SF
- Mix of two- and three‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,863
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,260
$657.3K
Cap Rate 7%
$469,471
$469.5K
Cap Rate 9%
$365,144
$365.1K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$62.4K $19.80/SF
− Vacancy
−$2.6K −$0.83/SF
EGI
$59.8K $18.97/SF
− OpEx
−$26.9K −$8.54/SF
NOI
$32.9K $10.43/SF
Area
ZIP 53215
Vacancy
4.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,260
Cap Rate 7%
$469,471
Cap Rate 9%
$365,144
Alternative Uses
Best Use
Multifamily LT 5
$523.4K
$458.0K – $610.7K
NOI $36,640 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$469.5K
$410.8K – $547.7K
NOI $32,863 @ 7.0% cap · market cap 8.76%
Theoretical Best
Warehouse
$2.39M
$2.09M – $2.79M
NOI $167,139 @ 7.0% cap · market cap 44.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 53215, WI
59,359
Population
21,307
Households
2.8
Avg Household Size
31
Median Age
11%
College-Educated
67%
High-School Grad
5.5 sq mi
ZIP Area
10,793
Density / Sq Mi
$49,207
Median Household Income
$32,261
Median Earnings
$933
Median Rent
$148,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential property with varied bedroom layouts in an established South Side neighborhood.
Where is this quadplex located?
The property is located at 2474 S 13th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 3,150 net rentable SF; Mix of two- and three‑bedroom units
