Tax-Foreclosed Multifamily
For Sale
Contact for pricing
4409 W Garfield Ave, Milwaukee, WI 53208
Tax-foreclosed multifamily asset built in 1906.
Property Size1,441 SF
Price / SF$18.39
Days on Market55
Property Features for 4409 W Garfield Ave
General Information
Standard status
Active
Size
1,441 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Washington Park
Building Details
Year Built
1906
Listing Agency:
City of Milwaukee-DCD
Listed By:
Teresa Wynn · License #6007890
(414) 286-5838
Source:
Nikolicgroup
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 7 at 1:03PM
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 City of Milwaukee-DCD
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Investment Insights
Based on property information with market context.
Located at 4409 W Garfield Ave in Milwaukee, Wisconsin, this 1,441-square-foot multifamily property was built in 1906. The asset is tax foreclosed, and offers are reviewed upon receipt without a stated waiting period.
Key Highlights
- 1,441‑square‑foot multifamily property
- Built in 1906
- Tax‑foreclosed property at 4409 W Garfield Ave, Milwaukee, WI 53208
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,421
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,420
$268.4K
Cap Rate 7%
$191,729
$191.7K
Cap Rate 9%
$149,122
$149.1K
Market Conditions
NOI Build-Up for 1,441 SF
Gross rent
$25.4K $17.64/SF
− Vacancy
−$1.0K −$0.71/SF
EGI
$24.4K $16.93/SF
− OpEx
−$11.0K −$7.62/SF
NOI
$13.4K $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%
$268,420
Cap Rate 7%
$191,729
Cap Rate 9%
$149,122
Alternative Uses
Best Use
Apartment 5plus
$191.7K
$167.8K – $223.7K
NOI $13,421 @ 7.0% cap · market cap 50.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.3K
$303.0K – $404.0K
NOI $24,240 @ 7.0% cap · market cap 91.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
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Business Placement
Demographics for 53208, WI
29,644
Population
13,778
Households
2.2
Avg Household Size
33
Median Age
31%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
7,058
Density / Sq Mi
$50,585
Median Household Income
$40,729
Median Earnings
$924
Median Rent
$196,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Tax-foreclosed multifamily asset built in 1906.
Where is this multifamily property located?
The property is located at 4409 W Garfield Ave Milwaukee, WI.
What are key features of this property?
This property features: 1,441‑square‑foot multifamily property; Built in 1906; Tax‑foreclosed property at 4409 W Garfield Ave, Milwaukee, WI 53208
