16-Unit Multifamily
4042 South Pine Avenue Milwaukee, WI 53207
4042 South Pine Avenue, Milwaukee, WI, 53207
$2,480,000
For Sale
$2,480,000
Sixteen units feature two bedrooms and one bathroom with in-unit washers and dryers.
Property Size13,656 SF
Price / SF$181.61
Days on Market29
Property Features for 4042 South Pine Avenue
General Information
- Standard status
- Active
- Size
- 13,656 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1987
Listing agency
North Shore Realty Group, LLC.
(414) 208-7757
Listed by
Troy Owen · License #80044-94
(414) 208-7757
Source
Compass
Added: Jun 24 Updated: Jul 22 at 12:43AM Checked: Jul 22 at 9:55AM
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 North Shore Realty Group, LLC.
Investment Insights
Based on property information with market context.
This 16-unit multifamily property offers consistently configured residences, with each unit featuring two bedrooms and one bathroom. The units also include in-unit washers and dryers, supporting convenient everyday living for tenants.
Located in the Tippecanoe neighborhood of Milwaukee, the property is listed for sale at 4042 South Pine Avenue in the 53207 zip code.
The building’s unit mix is uniform across all 16 units, which can simplify management and leasing for an owner.
Located in the Tippecanoe neighborhood of Milwaukee, the property is listed for sale at 4042 South Pine Avenue in the 53207 zip code.
The building’s unit mix is uniform across all 16 units, which can simplify management and leasing for an owner.
Key Highlights
- 16‑unit multifamily property in the Tippecanoe neighborhood of Milwaukee (53207).
- Built in 1987.
- All 16 units are 2‑bedroom, 1‑bathroom layouts.
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 | $240.9k | $17.64 |
| − Vacancy | −$9.6k | −$0.71 |
| EGI | $231.3k | $16.93 |
| − OpEx | −$104.1k | −$7.62 |
| NOI | $127.2k | $9.31 |
13,656 SF · lease $17.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,191 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.28M
$2.87M – $3.83M
NOI $229,716 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
South Pine
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Sixteen units feature two bedrooms and one bathroom with in-unit washers and dryers.
Where is this apartment building located?
The property is located at 4042 South Pine Avenue Milwaukee, WI.
What is the asking price?
The asking price for this property is $2,480,000.
What are key features of this property?
This property features: 16‑unit multifamily property in the Tippecanoe neighborhood of Milwaukee (53207).; Built in 1987.; All 16 units are 2‑bedroom, 1‑bathroom layouts.
