Five-Unit Residential Income
For Sale
$475,000
2956 North Palmer Street Unit 2958, Milwaukee, WI 53212
Five-unit residential income property with a mix of two-, three-bedroom units and an oversized studio across three buildings.
Property Size12,196 SF
Price / SF$38.95
Days on Market388
Property Features for 2956 North Palmer Street Unit 2958
General Information
Standard status
Active
Size
12,196 SF
Property subtype
Multi-Family / Multi-Family
Net Operating Income
$51,200
Additional Details
Multifamily Units
5
Amenities
Laundry Facilities, Full, Yes
Vinyl, Wood
Building Details
Year Built
1905
Listing Agency:
Berkshire Hathaway HomeServices Metro Realty-Racine
Listed By:
Britney Ortiz · License #87737-94
(262) 496-1177
Source:
Compass
Added: Aug 17, 2025
Changed: Aug 8
Last Checked: Jul 23 at 3:20PM
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 HomeServices Metro Realty-Racine
Investment Insights
Based on property information with market context.
This five-unit residential income property includes a diverse unit mix: two three-bedroom units, two two-bedroom units, and one oversized studio. The offering is described as well-maintained, with multiple value-add updates completed, including new roofs on all three buildings, new siding on the front house, and new windows in the front house. Mechanical improvements include a new furnace in the front upper unit, new hot water tanks in the middle house, and a new furnace in the rear upper unit.
The property is situated on a double lot, which provides room for additional possibilities, including potential future development or conversion into a parking lot, subject to applicable approvals.
The asset is presented as a five-unit investment opportunity with recent exterior and interior system upgrades supporting long-term value.
The property is situated on a double lot, which provides room for additional possibilities, including potential future development or conversion into a parking lot, subject to applicable approvals.
The asset is presented as a five-unit investment opportunity with recent exterior and interior system upgrades supporting long-term value.
Key Highlights
- 5‑unit residential income property across three buildings, featuring (2) three‑bedroom units, (2) two‑bedroom units, and (1) oversized studio
- Multiple recent exterior updates: new roofs on all three buildings and new siding on the front house
- Heating and hot water improvements include new furnaces in the front upper unit and rear upper unit, plus new hot water tanks in the middle house and rear duplex
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
Explore this area
Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit residential income property with a mix of two-, three-bedroom units and an oversized studio across three buildings.
Where is this apartment building located?
The property is located at 2956 North Palmer Street Unit 2958 Milwaukee, WI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 5‑unit residential income property across three buildings, featuring (2) three‑bedroom units, (2) two‑bedroom units, and (1) oversized studio; Multiple recent exterior updates: new roofs on all three buildings and new siding on the front house; Heating and hot water improvements include new furnaces in the front upper unit and rear upper unit, plus new hot water tanks in the middle house and rear duplex
