Brick Mixed-Use
For Sale
$300,000
5112 W Center St, Milwaukee, WI 53210
Mixed-use building with three residential units, a commercial space, and on-site parking.
Property Size2,352 SF
Price / SF$127.55
Days on Market83
Property Features for 5112 W Center St
General Information
Standard status
Active
Size
2,352 SF
Site & Location
Neighborhood
Saint Joseph
Building Details
Year Built
1956
Listing Agency:
Modern MilwauKey Real Estate LLC
Listed By:
Daniel Balderas
(414) 202-5715
Source:
Levelupwi
Added: Aug 8
Changed: Oct 26
Last Checked: Oct 7 at 3:34PM
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 Modern MilwauKey Real Estate LLC
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Investment Insights
Based on property information with market context.
This brick mixed-use property contains three one-bedroom residential units alongside one commercial unit. One apartment has been remodeled, while the remaining two are positioned for additional finishing work. The building provides 2,352 square feet of property size and includes carpet among the interior features.
Built in 1956, the property also offers four parking spaces. Its combination of residential and commercial components creates a compact income-producing configuration within a single building.
Built in 1956, the property also offers four parking spaces. Its combination of residential and commercial components creates a compact income-producing configuration within a single building.
Key Highlights
- Three one‑bedroom residential units plus one commercial unit
- One residential unit is remodeled; two remain ready for finishing work
- 2,352 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,659
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,180
$473.2K
Cap Rate 7%
$337,986
$338.0K
Cap Rate 9%
$262,878
$262.9K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$35.3K $15.00/SF
− Vacancy
−$1.5K −$0.63/SF
EGI
$33.8K $14.37/SF
− OpEx
−$10.1K −$4.31/SF
NOI
$23.7K $10.06/SF
Area
Milwaukee, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,180
Cap Rate 7%
$337,986
Cap Rate 9%
$262,878
Alternative Uses
Best Use
Mixed Use
$410.3K
$359.0K – $478.6K
NOI $28,718 @ 7.0% cap · market cap 9.57%
Second Best
Multifamily LT 5
$338.0K
$295.7K – $394.3K
NOI $23,659 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$565.2K
$494.6K – $659.4K
NOI $39,564 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with three residential units, a commercial space, and on-site parking.
Where is this mixed-use property located?
The property is located at 5112 W Center St Milwaukee, WI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three one‑bedroom residential units plus one commercial unit; One residential unit is remodeled; two remain ready for finishing work; 2,352 square feet of property size
