Five-Unit Apartment
2553-2565 South Logan Ave., Milwaukee, WI 53207
Two-story five-unit building with individual heating, unfinished basement, and tenant-paid utilities including water and sewer.
Type:Multifamily
Property size:
7,525 SFPrice / SF:
$107/SF- Added:
- Jun 20, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 24 at 4:46 am
Property Features for 2553-2565 South Logan Ave.
General Information
- Standard status
- Active
- Size
- 7,525 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1894
Listing office Ogden & Company Inc
Listing date Jun 20, 2026
Source Crexi
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 Ogden & Company Inc
HighLights
- Two‑story five‑unit apartment building built in 1894 with LR/DR and kitchen in each unit
- Each unit offers 4 BR and 1 BA layout, plus individual furnaces for separate heating control
- Unfinished basement and tenant‑paid utilities including water/sewer (tenants also pay their own utilities)
- Each unit includes washer/dryer hookups and 40‑gallon water heater
- Exterior includes brick and vinyl siding with asphalt shingle roofing
- Recent improvements include main roof (2019) and updates to porches, siding/windows, back addition roofs, gutters, and downspouts
Overview
This five-unit apartment building features two stories with an unfinished basement and exterior brick and vinyl siding. Unit interiors include living and dining areas, kitchens, and a bedroom and one-bath layout. Each unit is served by its own furnace, with washer and dryer hookups and 40-gallon water heaters. The property also includes front porches. Recent building improvements noted include a main roof installed in 2019, along with updated siding and windows, back addition roof work, gutters, and downspouts.
The property is located at 2553–2565 South Logan Ave. in Milwaukee, WI 53207. It is a long-tenured rental with the first time on market since the 1970s.
For prospective owners or operators, the building’s separate heating systems and in-unit water heaters can support day-to-day utility management, while tenants pay their own utilities, including water and sewer. The combination of straightforward five-unit configuration, individually metered utility responsibility by residents, and documented exterior and roof updates may appeal to buyers seeking a manageable residential income property with established tenancy.
The property is located at 2553–2565 South Logan Ave. in Milwaukee, WI 53207. It is a long-tenured rental with the first time on market since the 1970s.
For prospective owners or operators, the building’s separate heating systems and in-unit water heaters can support day-to-day utility management, while tenants pay their own utilities, including water and sewer. The combination of straightforward five-unit configuration, individually metered utility responsibility by residents, and documented exterior and roof updates may appeal to buyers seeking a manageable residential income property with established tenancy.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.7k | $17.64 |
| − Vacancy | −$5.3k | −$0.71 |
| EGI | $127.4k | $16.93 |
| − OpEx | −$57.3k | −$7.62 |
| NOI | $70.1k | $9.31 |
7,525 SF · lease $17.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$876.1K – $1.17M
NOI $70,087 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,583 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.8970065
- Latitude
- 42.9980361
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Two-story five-unit building with individual heating, unfinished basement, and tenant-paid utilities including water and sewer.
Where is this multifamily property located?
The property is located at 2553-2565 South Logan Ave. Milwaukee, WI.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Two‑story five‑unit apartment building built in 1894 with LR/DR and kitchen in each unit; Each unit offers 4 BR and 1 BA layout, plus individual furnaces for separate heating control; Unfinished basement and tenant‑paid utilities including water/sewer (tenants also pay their own utilities)
