Historic Mixed-Use
For Sale
$775,000
726 S 6th St, Milwaukee, WI 53204
Historic 1890s mixed-use building with updated systems, ground-floor commercial space, and multiple studio and apartment units.
Property Size7,428 SF
Price / SF$104.33
Days on Market133
Property Features for 726 S 6th St
General Information
Standard status
Active
Size
7,428 SF
Zoning
rooming house
Additional Details
Multifamily Units
5
Amenities
ADA-compliant restrooms
shared kitchen
full bath
private balcony
Building Details
Year Built
1895
Listing Agency:
Compass RE WI-Northshore
Listed By:
The Collaboration Group*
(414) 232-7276
Source:
Levelupwi
Added: Jun 12
Changed: Oct 12
Last Checked: Oct 7 at 12:57PM
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 Compass RE WI-Northshore
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Investment Insights
Based on property information with market context.
This historic 1890s building offers a mixed-use layout with significant updates, including newer mechanicals, roof, and major building systems. The first floor includes a highly visible commercial space with a capacity of 162 and two ADA-compliant restrooms, suitable for a variety of business uses. Upstairs, the property features four studio units with a shared kitchen and full bath, along with a spacious apartment that has its own kitchen, full bath, and private balcony.
The building is located in the heart of Walker’s Point on a prominent corner of S. 6th Street and National Avenue.
The property is described as having versatile rooming house zoning, providing flexibility for investors and owner-occupants.
The building is located in the heart of Walker’s Point on a prominent corner of S. 6th Street and National Avenue.
The property is described as having versatile rooming house zoning, providing flexibility for investors and owner-occupants.
Key Highlights
- Historic 1890s mixed‑use building (year built 1895) with LB2 zoning and versatile rooming house use.
- Ground‑floor commercial space with capacity of 162 and two ADA‑compliant restrooms.
- Upstairs includes four studio units with shared kitchen and full bath.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,184
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,680
$1.4M
Cap Rate 7%
$988,343
$988.3K
Cap Rate 9%
$768,711
$768.7K
Market Conditions
NOI Build-Up for 7,428 SF
Gross rent
$131.0K $17.64/SF
− Vacancy
−$5.2K −$0.71/SF
EGI
$125.8K $16.93/SF
− OpEx
−$56.6K −$7.62/SF
NOI
$69.2K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,680
Cap Rate 7%
$988,343
Cap Rate 9%
$768,711
Alternative Uses
Best Use
Apartment 5plus
$988.3K
$864.8K – $1.15M
NOI $69,184 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $124,951 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,787
Businesses Nearby
Explore this area
Business Placement
Demographics for 53204, WI
39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Historic 1890s mixed-use building with updated systems, ground-floor commercial space, and multiple studio and apartment units.
Where is this apartment building located?
The property is located at 726 S 6th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Historic 1890s mixed‑use building (year built 1895) with LB2 zoning and versatile rooming house use.; Ground‑floor commercial space with capacity of 162 and two ADA‑compliant restrooms.; Upstairs includes four studio units with shared kitchen and full bath.
