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    Brick 4-Unit Residential Income Property Title is generated by Realmo AI

    7328 W Honey Creek Dr, Milwaukee, WI 53219

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    New
    For Sale
    $565,000

    MULTI_FAMILY - Milwaukee, WI

    Property size:
    4,000 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $141/SF
    Added:
    Jun 29, 2026
    Days on Market:
    7
    Last Refresh:
    Jul 5 at 1:06 am

    Property Features for 7328 W Honey Creek Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RES
    Standard status
    Active
    APN
    5281115000
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9854

    Building Details

    Year built
    1959

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    Jim Geracie
    Jim Geracie

    Listing agent Jim Geracie License #24429-90

    Listing office Realty Executives Integrity~Brookfield 13005 W Bluemound Rd, Brookfield, WI

    Listing date Jun 29, 2026

    MLS# 1969538 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

    • Brick 4‑family building built in 1959 with approximately 4,000+ SF per city
    • 3.5‑car garage with a side driveway
    • Each unit features large kitchens with built‑in cooktops and ovens, plus built‑in china cabinets
    • Ceramic‑tiled baths
    • High‑efficiency furnaces with 1 central A/C unit
    • Low‑maintenance exterior with aluminum soffit and fascia

    Overview

    This brick four-unit residential income property is reported by the city to total over 4,000 square feet. The building features large, spacious apartments with oversized kitchens that include built-in cooktops and ovens, along with built-in china cabinets. Bathrooms are ceramic tiled, supporting a durable, clean-finished interior. For mechanicals, the property includes high-efficiency furnaces, with one central A/C unit to serve the building. Exterior and maintenance items include aluminum soffit and fascia, with the overall low-maintenance brick construction intended for long-term ownership.

    The property is located at 7328 W Honey Creek Dr in Milwaukee, Wisconsin. The site sits on a 0.23-acre lot and includes a 3.5-car garage with a side driveway, providing dedicated parking and straightforward access for residents.

    For buyers seeking a residential rental setup or an owner-occupant option, this configuration offers four separate units within one low-maintenance, brick building. The combination of built-in kitchen features, ceramic tile baths, and established heating and cooling infrastructure may appeal to tenants looking for comfortable living spaces while giving owners a practical, turnkey framework for day-to-day operation.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $60.0k $15.00
    − Vacancy −$2.7k −$0.68
    EGI $57.3k $14.33
    − OpEx −$17.2k −$4.30
    NOI $40.1k $10.03
    4,000 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $573.0K
    $501.4K – $668.5K (±1% cap)
    NOI $40,110 @ 7.0% cap · market cap 7.10%
    Second Best
    Apartment 5plus
    $513.1K
    $448.9K – $598.6K (±1% cap)
    NOI $35,914 @ 7.0% cap · market cap 6.36%
    Theoretical Best
    Office A
    $961.2K
    $841.1K – $1.12M (±1% cap)
    NOI $67,286 @ 7.0% cap · market cap 11.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Dental Office Building Supply Restaurant Accounting Firm Daycare Center Skin Care Clinic Gym & Fitness Center Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.00404
    Latitude
    42.98618

    FAQs

    What type of property is this?
    Quadplex - Brick fourplex with spacious units, ceramic tiled baths, and a 3.5-car garage with side driveway.
    Where is this quadplex located?
    The property is located at 7328 W Honey Creek Dr Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $565,000.
    What are key features of this property?
    This property features: Brick 4‑family building built in 1959 with approximately 4,000+ SF per city; 3.5‑car garage with a side driveway; Each unit features large kitchens with built‑in cooktops and ovens, plus built‑in china cabinets
    More about this property
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