Building Details

Year built 1930

Architectural style Other

Listing Agency: HomeWire Realty c***@gmail.com Show Phone

Listed By: Melissa Buttrum Show Phone

Added: Oct 24 Changed: Oct 25 Last Checked: Oct 26 at 1:06AM

Report an Issue

MLS# 1986113

Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 6,848-square-foot mixed-use building at 5008 W Center St in Milwaukee contains three retail storefronts and four apartments. All seven units are generating income. The property also includes a five-car garage, which offers the possibility of separate rental use.

Built in 1930, the building has newer furnaces, central air, and updated flooring. It is zoned LB2 Commercial and sits on a 0.14-acre parcel.

Key Highlights

• Three retail storefronts and four apartments in one mixed‑use property
• Income is being generated by all 7 units
• 5‑car garage offers potential for separate rental use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$63,782

Cap Rate

8.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,275,640 $1.3M

Cap Rate 7%

$911,171 $911.2K

Cap Rate 9%

$708,689 $708.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,848 SF

Gross rent

$120.8K $17.64/SF

− Vacancy

−$4.8K −$0.71/SF

EGI

$116.0K $16.93/SF

− OpEx

−$52.2K −$7.62/SF

NOI

$63.8K $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%

$1,275,640

Cap Rate 7%

$911,171

Cap Rate 9%

$708,689

Alternative Uses

Best Use

Mixed Use

$1.19M

$1.05M – $1.39M (±1% cap)

NOI $83,614 @ 7.0% cap · market cap 11.15%

Second Best

Retail

$1.03M

$897.9K – $1.20M (±1% cap)

NOI $71,832 @ 7.0% cap · market cap 9.58%

Theoretical Best

Office A

$1.65M

$1.44M – $1.92M (±1% cap)

NOI $115,194 @ 7.0% cap · market cap 15.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Accounting Firm HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,230

Businesses Nearby

Explore this area Business Placement

Demographics for 53210, WI

25,588

Population

11,005

Households

2.3

Avg Household Size

32

Median Age

23%

College-Educated

87%

High-School Grad

2.6 sq mi

ZIP Area

9,842

Density / Sq Mi

$45,268

Median Household Income

$35,797

Median Earnings

$1,044

Median Rent

$153,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Similar For Sale Nearby

See more

Six-Unit Apartment Building

10112 W Sharon Ln, Milwaukee, WI 53225

$729,900

7,200 SF

View details

8-Unit Brick Apartment Building

5823 W Appleton Ave, Milwaukee, WI 53210

$789,900

6,536 SF

View details

6-Unit Remodeled Apartment Building

1144 North 33rd Street, Unit 1150, Milwaukee, WI 53208

$764,000

6,376 SF

View details

Historic Mixed-Use Building

726 S 6th St, Milwaukee, WI 53204

$775,000

7,428 SF

View details

Mixed-Use Building with Restaurant

8301 W Silver Spring Dr, Milwaukee, WI 53218

$735,000

6,114 SF

View details

Church Facility with Residential Home

2821 W Harrison Ave, Milwaukee, WI 53215

$795,000

6,000 SF

View details

8-Unit Brick Apartment Building

4720 N 37th St, Milwaukee, WI 53209

$499,000

6,880 SF

View details

Mixed-Use Property with Updated Apartments

6139 W Appleton Ave, Milwaukee, WI 53210

$570,000

6,364 SF

View details

Mixed-Use Building with Apartments

5038 W North Ave Unit 5040, Milwaukee, WI 53208

$450,000

6,412 SF

View details

Mixed-Use Retail and Office Building

3524 W Capitol Dr, Milwaukee, WI 53216

$410,000

6,391 SF

View details

Day Care Center with Finished Basement

5836 W Appleton Ave Unit 5840, Milwaukee, WI 53210

$389,000

6,329 SF

View details

Multi-Tenant Retail Building

7512 W Appleton Ave, Milwaukee, WI 53216

$750,000

10,992 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Three retail storefronts and four apartments combine commercial and residential space, with income generated across all seven units.

Where is this mixed-use property located?

The property is located at 5008 W Center St Milwaukee, WI.

What is the asking price?

The asking price for this property is $749,900.

What are key features of this property?

This property features: Three retail storefronts and four apartments in one mixed‑use property; Income is being generated by all 7 units; 5‑car garage offers potential for separate rental use