Brick 4-Unit Quadplex with
New
For Sale
$549,900
4276 S 14th St, Milwaukee, WI 53221
Four apartments feature private garages, secure storage, exterior access, and spacious two-bedroom layouts.
Property Size3,600 SF
Price / SF$152.75
Days on Market3
Property Features for 4276 S 14th St
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Parking per Unit
1
Amenities
private lower level secure storage
side doors to outside space
Building Details
Year Built
1978
Buildings
1
Construction
brick
Listing Agency:
Homeowners Concept
(414) 258-7778
Listed By:
Jacqueline Salemme · License #5021194
Source:
Levelupwi
Added: Aug 29
Last Checked: Aug 30 at 7:14PM
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 Homeowners Concept
Investment Insights
Based on property information with market context.
Built in 1978, this 3,600-square-foot brick quadplex contains four apartments, each with two large bedrooms, a full bath, a living room, and a spacious kitchen with a breakfast area. Every residence has a private exterior entrance, a single-car garage, and secure lower-level storage. Air-conditioning sleeves are provided in each unit, while residents own their washers and dryers. Kitchen appliances include an oven/range and refrigerator in each apartment.
The property has remained fully occupied since it was built, with two residents having occupied their homes for 30 years. The lower level and garages are available for review during the first showing, along with the main-floor apartment.
The property has remained fully occupied since it was built, with two residents having occupied their homes for 30 years. The lower level and garages are available for review during the first showing, along with the main-floor apartment.
Key Highlights
- 3,600‑square‑foot brick quadplex built in 1978
- Four apartments with two large bedrooms and one full bath each
- Private single‑car garage and secure lower‑level storage for every residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,579
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$771,580
$771.6K
Cap Rate 7%
$551,129
$551.1K
Cap Rate 9%
$428,656
$428.7K
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$58.3K $16.20/SF
− Vacancy
−$3.2K −$0.89/SF
EGI
$55.1K $15.31/SF
− OpEx
−$16.5K −$4.59/SF
NOI
$38.6K $10.72/SF
Area
ZIP 53221
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$771,580
Cap Rate 7%
$551,129
Cap Rate 9%
$428,656
Alternative Uses
Best Use
Multifamily LT 5
$551.1K
$482.2K – $643.0K
NOI $38,579 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$489.2K
$428.1K – $570.7K
NOI $34,244 @ 7.0% cap · market cap 6.23%
Theoretical Best
Warehouse
$2.73M
$2.39M – $3.18M
NOI $191,016 @ 7.0% cap · market cap 34.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 53221, WI
39,560
Population
17,126
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
9.0 sq mi
ZIP Area
4,396
Density / Sq Mi
$61,640
Median Household Income
$41,430
Median Earnings
$1,071
Median Rent
$205,500
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?
Quadplex - Four apartments feature private garages, secure storage, exterior access, and spacious two-bedroom layouts.
Where is this quadplex located?
The property is located at 4276 S 14th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3,600‑square‑foot brick quadplex built in 1978; Four apartments with two large bedrooms and one full bath each; Private single‑car garage and secure lower‑level storage for every residence
