8-Unit Mixed-Use
6900 W Lincoln Ave, West Allis, WI 53219
For Sale
$899,900
N, West Allis, WI
Property Size9,076 SF
Lot Size0.16 Acres
Price / SF$99.15
Days on Market36
Property Features for 6900 W Lincoln Ave
General Information
Property type
Property subtype
Zoning
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Architectural style
Listing Agency:
HomeWire Realty
(414) 982-4005
Listed By:
Melissa Buttrum · License WI #5808890
(262) 227-7064
Added: Oct 8
Last Checked: Nov 12 at 6:06AM
MLS# 1983940
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.
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Investment Insights
Based on property information with market context.
This 8-unit mixed-use property contains 2 office or retail spaces and 6 residential apartments. Built in 1964, the building totals 9,076 square feet on a 0.16-acre lot.
Located at 6900 W Lincoln Ave in West Allis, the property is zoned Commercial.
Located at 6900 W Lincoln Ave in West Allis, the property is zoned Commercial.
Key Highlights
- Eight units: 2 office/retail spaces and 6 residential apartments
- 9,076‑square‑foot building on a 0.16‑acre lot
- Built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,488
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,629,760
$1.6M
Cap Rate 7%
$1,164,114
$1.2M
Cap Rate 9%
$905,422
$905.4K
Market Conditions
NOI Build-Up for 9,076 SF
Gross rent
$154.7K $17.04/SF
− Vacancy
−$6.5K −$0.72/SF
EGI
$148.2K $16.32/SF
− OpEx
−$66.7K −$7.35/SF
NOI
$81.5K $8.98/SF
Area
ZIP 53219
Vacancy
4.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,629,760
Cap Rate 7%
$1,164,114
Cap Rate 9%
$905,422
Alternative Uses
Best Use
Mixed Use
$1.61M
$1.41M – $1.88M
NOI $112,724 @ 7.0% cap · market cap 12.53%
Second Best
Retail
$1.35M
$1.18M – $1.57M
NOI $94,173 @ 7.0% cap · market cap 10.46%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,673 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Explore this area
Business Placement
Demographics for 53219, WI
34,925
Population
15,661
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
90%
High-School Grad
5.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$70,998
Median Household Income
$43,223
Median Earnings
$971
Median Rent
$190,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Milwaukee County, WI
Properties on Market for Mixed-use properties in Milwaukee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning supports a property combining office or retail space with residential apartments.
Where is this mixed-use property located?
The property is located at 6900 W Lincoln Ave West Allis, WI.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Eight units: 2 office/retail spaces and 6 residential apartments; 9,076‑square‑foot building on a 0.16‑acre lot; Built in 1964
