8726 West Mitchell Street West Allis, WI 53214
Multifamily property in Conrad Gardens neighborhood with strong rental potential.
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 office Compass (507) 469-9252
Listing date Apr 2, 2026
Source Compass
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Investment Insights
Based on property information with market context.
Key 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.
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 |
