Well-Maintained 8-Unit Brick
4801 North 66th Street, Milwaukee, WI 53218
Solid investment property near amenities and transportation.
Type:Multi-Family / Multi-Family
Property size:
3,394 SFPrice / SF:
$141/SF- Added:
- Mar 20, 2026
- Days on Market:
- 73
- Last Refresh:
- Mar 23 at 8:17 pm
Property Features for 4801 North 66th Street
General Information
- Standard status
- Active
- Size
- 3,394 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1955
Listing agent Colleen M Prostek License #48492-94 (414) 881-2340
Listing office Homestead Realty, Inc (414) 881-2340
Listing date Mar 20, 2026
Source Compass
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 Homestead Realty, Inc
HighLights
- Solid, well‑maintained all brick construction.
- Rarely any vacancies, indicating high tenant demand.
- Walking distance to essential amenities: bank, healthcare, restaurants, and shopping.
- Each unit has a private bath and kitchen area.
- On‑site laundry facilities and separate locked storage units.
- Convenient access to bus lines.
Overview
This well-maintained, one-story brick building features eight units. The property is conveniently located within walking distance of a bank, healthcare facilities, restaurants, and shopping, with easy access to bus lines. The units are approximately 16 x 21 in size and include a private bath, kitchen area, and a combined living room and bedroom space. The building also offers separate locked storage units and a laundry area with coin-operated machines managed through WASH service. Outside parking is available for eight cars. The property is located at 4801 North 66th Street, Milwaukee, WI 53218.
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 | $62.3k | $18.36 |
| − Vacancy | −$3.6k | −$1.06 |
| EGI | $58.7k | $17.30 |
| − OpEx | −$26.4k | −$7.78 |
| NOI | $32.3k | $9.51 |
3,394 SF · lease $18.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$461.2K
$403.6K – $538.1K
NOI $32,285 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.57M
$2.25M – $3.00M
NOI $180,086 @ 7.0% cap · market cap 37.53%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9940292
- Latitude
- 43.105159
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Solid investment property near amenities and transportation.
Where is this apartment building located?
The property is located at 4801 North 66th Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Solid, well‑maintained all brick construction.; Rarely any vacancies, indicating high tenant demand.; Walking distance to essential amenities: bank, healthcare, restaurants, and shopping.
