Four-Unit Renovated Apartment
2630 North Bartlett Avenue Unit 2632 Milwaukee, WI 53211
2630 North Bartlett Avenue Unit 2632, Milwaukee, WI, 53211
$647,500
For Sale
$647,500
Four renovated units with open kitchens, stainless appliances, and hardwood floors in an Upper East Side setting.
Property Size3,840 SF
Price / SF$168.62
Days on Market53
Property Features for 2630 North Bartlett Avenue Unit 2632
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1915
Listing agency
Keller Williams Realty-Milwaukee North Shore
(414) 914-5300
Listed by
Falk Ruvin Gallagher Team* · License #48420-90
(414) 914-5300
Source
Compass
Added: Jun 1 Updated: Jul 10 at 1:52PM Checked: Jul 22 at 11:06AM
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 Keller Williams Realty-Milwaukee North Shore
Investment Insights
Based on property information with market context.
This four-unit apartment building built in 1915 offers renovated living spaces with open-concept kitchens. Each unit features granite countertops, stainless steel appliances, hardwood floors, and lofted upper-level living areas, combining historic East Side character with interior updates designed for today’s renters.
Located in Milwaukee’s Upper East Side, the property is just blocks from the University of Wisconsin-Milwaukee. It also sits within walking distance of neighborhood amenities that support consistent rental interest in the area.
For buyers seeking a manageable residential income property, the combination of four well-appointed units and renovated finishes provides a straightforward path for long-term ownership or portfolio expansion. The open layouts, kitchen updates, and lofted spaces are practical upgrades that can help attract tenants looking for contemporary interiors within a classic building.
Located in Milwaukee’s Upper East Side, the property is just blocks from the University of Wisconsin-Milwaukee. It also sits within walking distance of neighborhood amenities that support consistent rental interest in the area.
For buyers seeking a manageable residential income property, the combination of four well-appointed units and renovated finishes provides a straightforward path for long-term ownership or portfolio expansion. The open layouts, kitchen updates, and lofted spaces are practical upgrades that can help attract tenants looking for contemporary interiors within a classic building.
Key Highlights
- Four‑unit building built in 1915 with full basement
- All four units are renovated with open‑concept kitchens
- Kitchens feature granite countertops and stainless steel appliances
Local Financial Insights For Multifamily LT 5
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 | $57.6k | $15.00 |
| − Vacancy | −$2.4k | −$0.63 |
| EGI | $55.2k | $14.37 |
| − OpEx | −$16.6k | −$4.31 |
| NOI | $38.6k | $10.06 |
3,840 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$551.8K
$482.8K – $643.8K
NOI $38,627 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$510.9K
$447.1K – $596.1K
NOI $35,765 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$922.8K
$807.4K – $1.08M
NOI $64,595 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four renovated units with open kitchens, stainless appliances, and hardwood floors in an Upper East Side setting.
Where is this quadplex located?
The property is located at 2630 North Bartlett Avenue Unit 2632 Milwaukee, WI.
What is the asking price?
The asking price for this property is $647,500.
What are key features of this property?
This property features: Four‑unit building built in 1915 with full basement; All four units are renovated with open‑concept kitchens; Kitchens feature granite countertops and stainless steel appliances
