Multi-Family Apartment
2706 North Frederick Avenue Milwaukee, WI 53211
2706 North Frederick Avenue, Milwaukee, WI, 53211
$1,862,000
For Sale
$1,862,000
Apartment building with multiple unit types, secure lobby, private back entrances, and in-unit laundry in most units.
Property Size8,250 SF
Price / SF$225.70
Days on Market154
Property Features for 2706 North Frederick Avenue
General Information
- Standard status
- Active
- Size
- 8,250 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1913
Listing agency
Berkshire Hathaway HS Lake Country
(414) 467-8626
Listed by
Brian P Fendry · License #42820-90
(414) 467-8626
Source
Compass
Added: Feb 19 Updated: Jul 23 at 12:48AM Checked: Jul 23 at 12:48AM
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 Berkshire Hathaway HS Lake Country
Investment Insights
Based on property information with market context.
This low-maintenance multifamily apartment building includes five 4-bedroom, 2-bath units, one 2-bedroom, 2-bath unit, and one studio apartment. The property offers a sitting porch on each floor, a secure lobby, and private back entrances. Off-street parking is available for six vehicles.
Located on the east side, the building places public transit about a half block away. Numerous restaurants and bars are within a 6-block radius, and the university is approximately a half-mile walk.
Interior layouts are described as spacious, with large living rooms and modern kitchens. In-unit washer and dryer are included in all but one unit, which supports a variety of day-to-day living arrangements.
Located on the east side, the building places public transit about a half block away. Numerous restaurants and bars are within a 6-block radius, and the university is approximately a half-mile walk.
Interior layouts are described as spacious, with large living rooms and modern kitchens. In-unit washer and dryer are included in all but one unit, which supports a variety of day-to-day living arrangements.
Key Highlights
- Apartment building built in 1913 with partial basement
- Unit mix includes five 4 bed/2 bath units, one 2 bed/2 bath unit, and one studio apartment
- Secure lobby plus sitting porch on each floor
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 | $145.5k | $17.64 |
| − Vacancy | −$5.8k | −$0.71 |
| EGI | $139.7k | $16.93 |
| − OpEx | −$62.9k | −$7.62 |
| NOI | $76.8k | $9.31 |
8,250 SF · lease $17.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$960.5K – $1.28M
NOI $76,840 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,778 @ 7.0% cap · market cap 7.45%
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 - Apartment building with multiple unit types, secure lobby, private back entrances, and in-unit laundry in most units.
Where is this apartment building located?
The property is located at 2706 North Frederick Avenue Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,862,000.
What are key features of this property?
This property features: Apartment building built in 1913 with partial basement; Unit mix includes five 4 bed/2 bath units, one 2 bed/2 bath unit, and one studio apartment; Secure lobby plus sitting porch on each floor
