4-Unit Brick
For Sale
$300,000
7156 W Appleton Ave, Milwaukee, WI 53216
Each residence has one bedroom and one bath, with outdoor parking and a storage shed on site.
Property Size2,600 SF
Days on Market8
Property Features for 7156 W Appleton Ave
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi-Family
Building Details
Building Size
2,600 SF
Year Built
1955
Listing Agency:
Juniper Realty Group LLC
Listed By:
Aaron Konop
(262) 825-2296
Source:
Karlaflorance.kw
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 5 at 3:33PM
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 Juniper Realty Group LLC
Investment Insights
Based on property information with market context.
Built in 1955, this all-brick quadplex contains four one-bedroom, one-bath apartments. The property includes four outdoor parking spaces and a storage shed, and all four units are leased.
Three apartments have had the same tenants for more than five years. The property is located at 7156 W Appleton Ave in Milwaukee.
Three apartments have had the same tenants for more than five years. The property is located at 7156 W Appleton Ave in Milwaukee.
Key Highlights
- Four one‑bedroom, one‑bath units
- All‑brick construction; built in 1955
- Four outdoor parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,153
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,060
$523.1K
Cap Rate 7%
$373,614
$373.6K
Cap Rate 9%
$290,589
$290.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$39.0K $15.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$37.4K $14.37/SF
− OpEx
−$11.2K −$4.31/SF
NOI
$26.2K $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%
$523,060
Cap Rate 7%
$373,614
Cap Rate 9%
$290,589
Alternative Uses
Best Use
Multifamily LT 5
$373.6K
$326.9K – $435.9K
NOI $26,153 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$345.9K
$302.7K – $403.6K
NOI $24,216 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$624.8K
$546.7K – $728.9K
NOI $43,736 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
Business Placement
Demographics for 53216, WI
30,109
Population
13,556
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
4.6 sq mi
ZIP Area
6,545
Density / Sq Mi
$43,466
Median Household Income
$34,823
Median Earnings
$970
Median Rent
$122,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has one bedroom and one bath, with outdoor parking and a storage shed on site.
Where is this quadplex located?
The property is located at 7156 W Appleton Ave 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: Four one‑bedroom, one‑bath units; All‑brick construction; built in 1955; Four outdoor parking spaces
