Updated Four-Unit Townhome
8324 West Morgan Avenue Unit 8330 Milwaukee, WI 53220
8324 West Morgan Avenue Unit 8330, Milwaukee, WI, 53220
$1,000,000
For Sale
$1,000,000
Four well-sized townhouse units are updated in recent years and currently fully occupied.
Property Size4,647 SF
Price / SF$215.19
Days on Market82
Property Features for 8324 West Morgan Avenue Unit 8330
General Information
- Standard status
- Active
- Size
- 4,647 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1978
Listing agency
Harbin Realty Management LLC
(414) 921-8299
Listed by
Guangfu Jia · License #57370-90
(414) 921-8299
Source
Compass
Added: May 1 Updated: Jul 21 at 2:53AM Checked: Jul 21 at 2:53AM
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 Harbin Realty Management LLC
Investment Insights
Based on property information with market context.
This four-unit townhouse property includes four well-sized residential units, each described as updated in recent years. The offering is currently fully occupied, providing consistent in-place tenancy at the time of listing.
The property is located on the south side of Milwaukee, WI, at 8324 West Morgan Avenue (unit listing shown as Unit 8330).
As a multifamily residential income asset, the building’s current configuration is a quadplex-style townhouse setup with all units maintained through recent updates, and it is presented as fully leased.
The property is located on the south side of Milwaukee, WI, at 8324 West Morgan Avenue (unit listing shown as Unit 8330).
As a multifamily residential income asset, the building’s current configuration is a quadplex-style townhouse setup with all units maintained through recent updates, and it is presented as fully leased.
Key Highlights
- Four well‑sized townhouse units in South Milwaukee
- All units have been updated in recent years
- Property is currently fully occupied
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 | $69.7k | $15.00 |
| − Vacancy | −$2.9k | −$0.63 |
| EGI | $66.8k | $14.37 |
| − OpEx | −$20.0k | −$4.31 |
| NOI | $46.7k | $10.06 |
4,647 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$667.8K
$584.3K – $779.1K
NOI $46,744 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$618.3K
$541.0K – $721.4K
NOI $43,282 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.12M
$977.1K – $1.30M
NOI $78,170 @ 7.0% cap · market cap 7.82%
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 - Four well-sized townhouse units are updated in recent years and currently fully occupied.
Where is this quadplex located?
The property is located at 8324 West Morgan Avenue Unit 8330 Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four well‑sized townhouse units in South Milwaukee; All units have been updated in recent years; Property is currently fully occupied
