2802 North Weil Street Milwaukee, WI 53212
Four-unit property in Milwaukee's Riverwest neighborhood, ideal for investors.
Property Features for 2802 North Weil Street
General Information
- Standard status
- Active
- Size
- 2,613 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1893
Listing office Better Stewards Realty (414) 840-8832
Listing date May 2, 2026
Source Compass
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 Better Stewards Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Rare 4‑unit property in the highly desirable Riverwest neighborhood.
- Ideal for owner‑occupants and investors.
- Located near the Milwaukee River, parks, coffee shops, and restaurants in a vibrant, walkable community.
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 | $39.2k | $15.00 |
| − Vacancy | −$1.6k | −$0.63 |
| EGI | $37.5k | $14.37 |
| − OpEx | −$11.3k | −$4.31 |
| NOI | $26.3k | $10.06 |
