Brick 8-Unit Apartment
For Sale
Contact for pricing
Pending
4284 S Whitnall Avenue, Milwaukee, WI 53207
Eight two-bedroom apartments with updated windows and dedicated on-site parking in a residential setting.
Property Size6,528 SF
Days on Market52
Property Features for 4284 S Whitnall Avenue
General Information
Standard status
Pending
Size
6,528 SF
Total Parking Spaces
8
Property subtype
Multifamily
Site & Location
Neighborhood
Town of Lake
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Building Details
Buildings
1
Construction
brick
Listing Agency:
The Hub Realty
Listed By:
Hunter Spear · License #59261-90
(262) 745-3864
Source:
Crexi
Added: Sep 14
Changed: Oct 25
Last Checked: Nov 3 at 3:51AM
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 The Hub Realty
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Investment Insights
Based on property information with market context.
This 6,528-square-foot brick apartment building contains eight two-bedroom, one-bath units. The apartments feature open-concept interiors, with kitchens arranged directly alongside the living areas. Vinyl replacement windows and a recently refinished asphalt parking lot are among the property improvements.
The property includes eight dedicated parking spaces, with additional tandem parking potential. Parking, tenant storage lockers, and utilities are not charged separately. Two apartments are expected to be vacant at closing, providing immediate flexibility for the next owner. The building is located at 4284 S Whitnall Avenue in Milwaukee, Wisconsin.
The property includes eight dedicated parking spaces, with additional tandem parking potential. Parking, tenant storage lockers, and utilities are not charged separately. Two apartments are expected to be vacant at closing, providing immediate flexibility for the next owner. The building is located at 4284 S Whitnall Avenue in Milwaukee, Wisconsin.
Key Highlights
- 8‑unit brick apartment building totaling 6,528 SF
- Eight 2BR/1BA apartments with open‑concept layouts
- Vinyl replacement windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,801
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,020
$1.2M
Cap Rate 7%
$868,586
$868.6K
Cap Rate 9%
$675,567
$675.6K
Market Conditions
NOI Build-Up for 6,528 SF
Gross rent
$115.2K $17.64/SF
− Vacancy
−$4.6K −$0.71/SF
EGI
$110.5K $16.93/SF
− OpEx
−$49.7K −$7.62/SF
NOI
$60.8K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,020
Cap Rate 7%
$868,586
Cap Rate 9%
$675,567
Alternative Uses
Best Use
Apartment 5plus
$868.6K
$760.0K – $1.01M
NOI $60,801 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,811 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
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Business Placement
Demographics for 53207, WI
34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight two-bedroom apartments with updated windows and dedicated on-site parking in a residential setting.
Where is this apartment building located?
The property is located at 4284 S Whitnall Avenue Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 8‑unit brick apartment building totaling 6,528 SF; Eight 2BR/1BA apartments with open‑concept layouts; Vinyl replacement windows
