Brick Multifamily with 3BR
For Sale
Contact for pricing
Pending
8702 W Capitol Dr, Milwaukee, WI 53222
Five-unit brick apartment building is 100% leased, featuring four 3-bedroom units plus one rear 1-bedroom unit.
Property SizeContact for details
Days on Market147
Property Features for 8702 W Capitol Dr
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
5
Building Details
Tenancy
Multi
Listing Agency:
CAP Investment Realty, LLC
Listed By:
Bryan Caprioli · License #WI
Source:
Crexi
Added: Apr 12
Changed: Aug 16
Last Checked: Sep 4 at 1:25PM
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 CAP Investment Realty, LLC
Investment Insights
Based on property information with market context.
This brick apartment building is currently 100% leased and configured with four 3-bedroom, 1-bath units along with a secluded 1-bedroom, 1-bath unit located in the rear of the building. The property also has potential for a possible additional sixth unit in the lower level, supported by an egress window.
Improvements include newer windows, individual furnaces replaced in 2015, and freshened common areas. Residents pay for heat, gas, and electric, while the owner pays for water/sewer and common electric.
The building’s current rents are described as below market, and the offering notes comparable 3-bedroom units renting for $1,150+ in the area. Buyer will need to cooperate with the Sellers’ 1031 exchange.
Improvements include newer windows, individual furnaces replaced in 2015, and freshened common areas. Residents pay for heat, gas, and electric, while the owner pays for water/sewer and common electric.
The building’s current rents are described as below market, and the offering notes comparable 3-bedroom units renting for $1,150+ in the area. Buyer will need to cooperate with the Sellers’ 1031 exchange.
Key Highlights
- Five‑unit brick apartment building is 100% leased
- Unit mix includes four 3‑bedroom/1‑bath units plus a rear 1‑bedroom/1‑bath unit
- Individual furnaces were replaced in 2015; newer windows and freshened common areas
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 53222, WI
25,422
Population
11,765
Households
2.2
Avg Household Size
37
Median Age
44%
College-Educated
96%
High-School Grad
5.4 sq mi
ZIP Area
4,708
Density / Sq Mi
$73,523
Median Household Income
$48,029
Median Earnings
$1,026
Median Rent
$202,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit brick apartment building is 100% leased, featuring four 3-bedroom units plus one rear 1-bedroom unit.
Where is this apartment building located?
The property is located at 8702 W Capitol Dr Milwaukee, WI.
What are key features of this property?
This property features: Five‑unit brick apartment building is 100% leased; Unit mix includes four 3‑bedroom/1‑bath units plus a rear 1‑bedroom/1‑bath unit; Individual furnaces were replaced in 2015; newer windows and freshened common areas
