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    Milwaukee Apartment Building For Sale Title is generated by Realmo AI

    6050 W Appleton Ave, Milwaukee, WI 53210

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    For Sale
    $550,000

    Apartment Building - Milwaukee, WI

    Lot size:
    0.17 Acres
    Added:
    May 7, 2026
    Days on Market:
    25
    Last Refresh:
    May 31 at 8:06 am

    Property Features for 6050 W Appleton Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM2
    Standard status
    Active
    APN
    3050086000
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6400

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1952
    Number of units
    4
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Benson Group*

    Listing agent Benson Group* License #39048-90

    Listing office RE/MAX Lakeside-Central 10303 W Oklahoma Ave, Milwaukee, WI 53221-1974, Milwaukee, WI

    Listing date May 7, 2026

    MLS# 1961744 Listing URL

    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.

    HighLights

    • Significant recent improvements totaling nearly $150K since 12/24, indicating a well‑maintained property.
    • Major exterior updates including a new roof, windows, driveway, and balcony, enhancing curb appeal.
    • Interior updates including fresh paint and refinished hardwood floors in multiple units, improving tenant satisfaction.
    • Updated mechanical systems including new water heaters and plumbing updates.
    • Separate/updated electric for each unit, simplifying billing and management.
    • Two‑car block garage with a new door on order, providing secure parking and storage.

    Overview

    This well-maintained apartment building in Milwaukee, WI, presents an investment opportunity with nearly $150,000 in improvements completed since December 2024. Exterior updates include a new roof, soffit and fascia, gutters, windows, tuck pointing, driveway, patios, an extended parking area, and a new balcony. The interior has been recently painted, and the hardwood floors in three of the four units have been refinished. The units feature generous room sizes, nice closets, and good storage. Mechanical updates include one new GFA furnace, four new water heaters, and plumbing updates, along with separate and updated electric systems. The property also includes a two-car block garage, with a new door on order. Situated on a 0.17-acre lot, this property is zoned RM2. It is suitable for use as a quadplex, multifamily property, or residential income property. Strong improvements have already been completed. Additional property information and financials are available in the MLS documents. The seller is open to selling this property as a package with 2940-42 N 60th and 3033-35 N 60th.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.988151
    Latitude
    43.072016

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained investment property with recent improvements and strong financials.
    Where is this quadplex located?
    The property is located at 6050 W Appleton Ave Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Significant recent improvements totaling nearly $150K since 12/24, indicating a well‑maintained property.; Major exterior updates including a **new roof, windows, driveway, and balcony**, enhancing curb appeal.; Interior updates including **fresh paint and refinished hardwood floors** in multiple units, improving tenant satisfaction.
    (414) 881-0058
    We can help!
    Listing Contact
    Benson Group*
    Real Estate License ID: 39048-90
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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