Fully Occupied Apartment
For Sale
$549,000
761 N 25th St, Milwaukee, WI 53233
Tenant rent includes heat and electricity, and the building boiler was rebuilt approximately 7–10 years ago.
Property Size3,836 SF
Price / SF$143.12
Days on Market14
Property Features for 761 N 25th St
General Information
Standard status
Active
Size
3,836 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
12
Listing Agency:
Milwaukee Realty, Inc.
(920) 893-3001
Listed By:
David Price
Source:
Nikolicgroup
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 29 at 12:04PM
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 Milwaukee Realty, Inc.
Investment Insights
Based on property information with market context.
This 12-unit apartment building is fully rented and located at 761 N 25th St in Milwaukee. Heat and electricity are included in tenant rent, providing a simple occupancy arrangement for the property’s residents. The building boiler was rebuilt approximately 7–10 years ago.
The property occupies the corner of 25th and Wells and is close to Marquette. Its established location and full occupancy provide a clear operating profile for an apartment building buyer.
The property occupies the corner of 25th and Wells and is close to Marquette. Its established location and full occupancy provide a clear operating profile for an apartment building buyer.
Key Highlights
- 12‑unit rooming house at the corner of 25th & Wells
- 100 per cent fully rented
- Heat and electricity included in rent
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,728
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$714,560
$714.6K
Cap Rate 7%
$510,400
$510.4K
Cap Rate 9%
$396,978
$397.0K
Market Conditions
NOI Build-Up for 3,836 SF
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.
Gross rent
$67.7K $17.64/SF
− Vacancy
−$2.7K −$0.71/SF
EGI
$65.0K $16.93/SF
− OpEx
−$29.2K −$7.62/SF
NOI
$35.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$714,560
Cap Rate 7%
$510,400
Cap Rate 9%
$396,978
Alternative Uses
Best Use
Apartment 5plus
$510.4K
$446.6K – $595.5K
NOI $35,728 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$921.8K
$806.6K – $1.08M
NOI $64,528 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 53233, WI
15,531
Population
5,531
Households
2.8
Avg Household Size
25
Median Age
17%
College-Educated
78%
High-School Grad
1.8 sq mi
ZIP Area
8,628
Density / Sq Mi
$20,306
Median Household Income
$10,060
Median Earnings
$846
Median Rent
$132,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Tenant rent includes heat and electricity, and the building boiler was rebuilt approximately 7–10 years ago.
Where is this apartment building located?
The property is located at 761 N 25th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 12‑unit rooming house at the corner of 25th & Wells; 100 per cent fully rented; Heat and electricity included in rent
