Two-Building Quadplex
4236 N 91st St, Milwaukee, WI 53222
For Sale
New
$800,000
Residents pay individually metered gas and electricity; ownership covers water and sewer service.
Property Size5,200 SF
Lot Size0.46 Acres
Price / SF$153.85
Days on Market2
Property Features for 4236 N 91st St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
yard space
washer/dryer hookups
sleeve air conditioning
range and refrigerator
7.43% CAP Rate
New Roof, Asphalt Improvements, Updated Units, Exterior Improvements, and Multiple Recent Water Heater and Furnace Replacements
Six One-Bedroom One-Bathroom and Two Two-Bedroom One-Bathroom Apartment Homes
Building Details
Buildings
Units
Listing Agency:
Milwaukee Office
Listed By:
Matt Whiteside
(262) 364-1930
Source:
Marcusmillichap
Added: Nov 8
Last Checked: Nov 8 at 3:31PM
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 Milwaukee Office
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Investment Insights
Based on property information with market context.
This Milwaukee multifamily property comprises two adjacent four-unit buildings constructed in 1959 and 1960. Together, they contain approximately 5,200 square feet on 0.46 acres, with six one-bedroom, one-bathroom apartments and two two-bedroom, one-bathroom apartments. The November 2026 rent roll shows 100% occupancy. Each residence has a range, refrigerator, sleeve air conditioning, and washer/dryer hookups. Residents pay for individually metered gas heat, hot water, and electricity; ownership pays water and sewer. Yard space and eight off-street parking stalls serve the buildings.
Updates include a 2026 roof at 4236 N. 91st Street, along with paving work and improvements to three of its four units. At 4244 N. 91st Street, work includes a new driveway and parking lot, concrete repairs at the entrance, and mechanical replacements. Exterior artwork on both buildings is excluded from the sale.
Updates include a 2026 roof at 4236 N. 91st Street, along with paving work and improvements to three of its four units. At 4244 N. 91st Street, work includes a new driveway and parking lot, concrete repairs at the entrance, and mechanical replacements. Exterior artwork on both buildings is excluded from the sale.
Key Highlights
- Two adjacent four‑unit buildings totaling approximately 5,200 square feet on 0.46 acres
- Apartment mix: six one‑bedroom, one‑bathroom units and two two‑bedroom, one‑bathroom units
- 100% occupancy reflected in the November 2026 rent roll
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,307
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,140
$1.0M
Cap Rate 7%
$747,243
$747.2K
Cap Rate 9%
$581,189
$581.2K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$78.0K $15.00/SF
− Vacancy
−$3.3K −$0.63/SF
EGI
$74.7K $14.37/SF
− OpEx
−$22.4K −$4.31/SF
NOI
$52.3K $10.06/SF
Area
Milwaukee, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,140
Cap Rate 7%
$747,243
Cap Rate 9%
$581,189
Alternative Uses
Best Use
Multifamily LT 5
$747.2K
$653.8K – $871.8K
NOI $52,307 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$691.9K
$605.4K – $807.2K
NOI $48,432 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,472 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
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Business Placement
Demographics for 53222, WI
25,422
Population
11,765
Households
2.2
Avg Household Size
37
Median Age
44%
College-Educated
96%
High-School Grad
5.4 sq mi
ZIP Area
4,708
Density / Sq Mi
$73,523
Median Household Income
$48,029
Median Earnings
$1,026
Median Rent
$202,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Milwaukee, WI
Properties on Market for Quadplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Residents pay individually metered gas and electricity; ownership covers water and sewer service.
Where is this quadplex located?
The property is located at 4236 N 91st St Milwaukee, WI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two adjacent four‑unit buildings totaling approximately 5,200 square feet on 0.46 acres; Apartment mix: six one‑bedroom, one‑bathroom units and two two‑bedroom, one‑bathroom units; 100% occupancy reflected in the November 2026 rent roll
