Fully Leased 7-Unit
2600 North Humboldt Boulevard Milwaukee, WI 53212
2600 North Humboldt Boulevard, Milwaukee, WI, 53212
$675,000
For Sale
$675,000
Fully occupied 7-unit apartment building with a mix of two-bedroom, one-bedroom, and studio units.
Property Size4,356 SF
Price / SF$154.96
Days on Market285
Property Features for 2600 North Humboldt Boulevard
General Information
- Standard status
- Active
- Size
- 4,356 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1925
Listing agency
Coldwell Banker Realty
(414) 510-1002
Listed by
Ashley Haut · License #78137-94
(414) 510-1002
Source
Compass
Added: Oct 12, 2025 Updated: Jul 23 at 12:06AM Checked: Jul 23 at 12:06AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This fully occupied 7-unit apartment building includes three two-bedroom units, two one-bedroom units, and two studio units. Improvements noted include a new boiler and a new water heater.
The property is offered for sale as a residential income asset at 2600 North Humboldt Boulevard in Milwaukee, WI 53212.
The existing unit mix provides multiple housing sizes within one building, supporting straightforward management of a diversified residential tenant roster.
The property is offered for sale as a residential income asset at 2600 North Humboldt Boulevard in Milwaukee, WI 53212.
The existing unit mix provides multiple housing sizes within one building, supporting straightforward management of a diversified residential tenant roster.
Key Highlights
- Fully occupied 7‑unit apartment building
- Unit mix includes (3) 2‑bedroom, (2) 1‑bedroom, and (2) studio units
- New boiler and new water heater
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 | $76.8k | $17.64 |
| − Vacancy | −$3.1k | −$0.71 |
| EGI | $73.8k | $16.93 |
| − OpEx | −$33.2k | −$7.62 |
| NOI | $40.6k | $9.31 |
4,356 SF · lease $17.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$579.6K
$507.1K – $676.2K
NOI $40,571 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$915.9K – $1.22M
NOI $73,275 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully occupied 7-unit apartment building with a mix of two-bedroom, one-bedroom, and studio units.
Where is this apartment building located?
The property is located at 2600 North Humboldt Boulevard Milwaukee, WI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fully occupied 7‑unit apartment building; Unit mix includes (3) 2‑bedroom, (2) 1‑bedroom, and (2) studio units; New boiler and new water heater
