Improved Four-Unit
For Sale
$399,900
5750 N 91st St, Milwaukee, WI 53225
Two-bedroom residences feature individual HVAC, eat-in kitchens, private outdoor areas, shared laundry, and tenant storage.
Property Size3,382 SF
Days on Market12
Property Features for 5750 N 91st St
General Information
Standard status
Active
Size
3,382 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
shared laundry
dedicated tenant storage
patios
balconies
Building Details
Building Size
3,382 SF
Year Built
1959
Listing Agency:
Firefly Real Estate, LLC
(414) 526-9450
Listed By:
Kelley Ruzicka · License #60642-90
(414) 526-9450
Source:
Sewartgroup
Added: Aug 18
Changed: Aug 27
Last Checked: Aug 28 at 3:52PM
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 Firefly Real Estate, LLC
Investment Insights
Based on property information with market context.
Built in 1959, this four-unit residential income property offers a consistent two-bedroom, one-bath layout across the residences. Each unit includes an eat-in kitchen, individual forced-air heat, and central air conditioning. Lower-level units have patios, while upper-level units provide balconies.
Recent work includes extensive tuckpointing, repairs and strengthening to the second-floor porches, and other repairs or renovations completed within the last 24 months. Pella windows and a roof replacement completed in 2025 add to the property’s physical improvements. Shared laundry and dedicated tenant storage are also included.
Recent work includes extensive tuckpointing, repairs and strengthening to the second-floor porches, and other repairs or renovations completed within the last 24 months. Pella windows and a roof replacement completed in 2025 add to the property’s physical improvements. Shared laundry and dedicated tenant storage are also included.
Key Highlights
- Four units with two‑bedroom, one‑bath layouts
- Individual forced‑air heat and central air in every unit
- Extensive tuckpointing and second‑floor porch repairs completed within the last 24 months
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,020
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$680,400
$680.4K
Cap Rate 7%
$486,000
$486.0K
Cap Rate 9%
$378,000
$378.0K
Market Conditions
NOI Build-Up for 3,382 SF
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.
Gross rent
$50.7K $15.00/SF
− Vacancy
−$2.1K −$0.63/SF
EGI
$48.6K $14.37/SF
− OpEx
−$14.6K −$4.31/SF
NOI
$34.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$680,400
Cap Rate 7%
$486,000
Cap Rate 9%
$378,000
Alternative Uses
Best Use
Multifamily LT 5
$486.0K
$425.3K – $567.0K
NOI $34,020 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$450.0K
$393.8K – $525.0K
NOI $31,500 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$812.7K
$711.1K – $948.2K
NOI $56,891 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 53225, WI
25,138
Population
11,019
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
91%
High-School Grad
7.0 sq mi
ZIP Area
3,591
Density / Sq Mi
$54,433
Median Household Income
$40,463
Median Earnings
$1,094
Median Rent
$174,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-bedroom residences feature individual HVAC, eat-in kitchens, private outdoor areas, shared laundry, and tenant storage.
Where is this quadplex located?
The property is located at 5750 N 91st St Milwaukee, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four units with two‑bedroom, one‑bath layouts; Individual forced‑air heat and central air in every unit; Extensive tuckpointing and second‑floor porch repairs completed within the last 24 months
