West Allis Multifamily Investment
8726 West Mitchell Street, West Allis, WI 53214
Multifamily property in Conrad Gardens neighborhood with strong rental potential.
Type:Multi-Family / Multi-Family
Property size:
3,120 SFPrice / SF:
$120/SF- Added:
- May 16, 2026
- Days on Market:
- 16
- Last Refresh:
- May 16 at 8:09 pm
Property Features for 8726 West Mitchell Street
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1919
Listing agent William Backes License #81585-94 (507) 469-9252
Listing office Compass (507) 469-9252
Listing date May 16, 2026
Source Compass
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 Compass
HighLights
- Income‑producing multi‑family property with strong rental potential.
- Located in the desirable Conrad Gardens neighborhood of West Allis.
- Convenient access to parks, shopping, restaurants, schools, and major commuter routes.
- Spacious units with functional layouts and generous living spaces.
- Includes appliances and ample kitchen cabinetry.
- Strong long‑term upside for investors in a consistently desirable rental market.
Overview
This multifamily property is located in the Conrad Gardens neighborhood of West Allis. The property offers an opportunity for investors seeking to expand their portfolio in a rental market. The units feature functional layouts with living spaces, kitchen cabinetry, and included appliances. The property is located near parks, shopping, restaurants, and schools, with access to commuter routes. It is also located near public transportation and minutes from American Family Field, State Fair Park, and downtown Milwaukee access routes. The property size is 3120 square feet.
Local Financial Insights For Apartment 5plus
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 | $57.3k | $18.36 |
| − Vacancy | −$3.0k | −$0.95 |
| EGI | $54.3k | $17.41 |
| − OpEx | −$24.4k | −$7.83 |
| NOI | $29.9k | $9.57 |
3,120 SF · lease $18.36/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$426.7K
$373.3K – $497.8K
NOI $29,867 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$739.9K
$647.4K – $863.2K
NOI $51,791 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- West Allis
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -88.0218062
- Latitude
- 43.0121657
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Multifamily property in Conrad Gardens neighborhood with strong rental potential.
Where is this multifamily property located?
The property is located at 8726 West Mitchell Street West Allis, WI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Income‑producing multi‑family property with strong rental potential.; Located in the desirable Conrad Gardens neighborhood of West Allis.; Convenient access to parks, shopping, restaurants, schools, and major commuter routes.
