Brick Fourplex with Side
7328 West Honey Creek Drive Milwaukee, WI 53219
7328 West Honey Creek Drive, Milwaukee, WI, 53219
$565,000
For Sale
$565,000
Brick fourplex featuring spacious units, built-in kitchen appliances, ceramic tiled baths, and a 3.5-car garage.
Property Size4,050 SF
Price / SF$139.51
Days on Market31
Property Features for 7328 West Honey Creek Drive
General Information
- Standard status
- Active
- Size
- 4,050 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1959
Listing agency
Realty Executives Integrity~Brookfield
(262) 901-0825
Listed by
Jim Geracie · License #24429-90
(262) 901-0825
Source
Compass
Added: Jun 22 Updated: Jul 21 at 7:23AM Checked: Jul 21 at 7:23AM
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 Realty Executives Integrity~Brookfield
Investment Insights
Based on property information with market context.
This brick fourplex offers four residential units within an approximately 4,000+ sq. ft. structure, as stated by the city. Each unit includes large, spacious kitchens with built-in cooktops and ovens, along with built-in china cabinets. Bathrooms are finished with ceramic tile. The property also features a 3.5-car garage and a side driveway.
Additional improvements noted in the materials include high-efficiency furnaces and one central A/C unit, supported by low-maintenance exterior elements such as aluminum soffit and fascia.
The property is presented for sale as a turnkey investment or owner-occupant option, with an emphasis on long-term performance and rental income.
Additional improvements noted in the materials include high-efficiency furnaces and one central A/C unit, supported by low-maintenance exterior elements such as aluminum soffit and fascia.
The property is presented for sale as a turnkey investment or owner-occupant option, with an emphasis on long-term performance and rental income.
Key Highlights
- Brick 4‑family built in 1959 with over 4,000 sq ft per city
- Includes a 3.5‑car garage with a side driveway
- Spacious units with large kitchens featuring built‑in cooktops/ovens and built‑in china cabinets
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 | $60.8k | $15.00 |
| − Vacancy | −$2.7k | −$0.68 |
| EGI | $58.0k | $14.33 |
| − OpEx | −$17.4k | −$4.30 |
| NOI | $40.6k | $10.03 |
4,050 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$580.2K
$507.6K – $676.9K
NOI $40,611 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$519.5K
$454.5K – $606.0K
NOI $36,362 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$973.2K
$851.6K – $1.14M
NOI $68,127 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Brick fourplex featuring spacious units, built-in kitchen appliances, ceramic tiled baths, and a 3.5-car garage.
Where is this quadplex located?
The property is located at 7328 West Honey Creek Drive 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 built in 1959 with over 4,000 sq ft per city; Includes a 3.5‑car garage with a side driveway; Spacious units with large kitchens featuring built‑in cooktops/ovens and built‑in china cabinets
