18-Unit Apartment
915 North 24th Street Milwaukee, WI 53233
915 North 24th Street, Milwaukee, WI, 53233
$1,099,900
For Sale
$1,099,900
18-unit apartment building offering four studio, thirteen one-bedroom, and one two-bedroom units with secured entry.
Property Size9,147 SF
Price / SF$120.25
Days on Market168
Property Features for 915 North 24th Street
General Information
- Standard status
- Active
- Size
- 9,147 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1923
Listing agency
Keller Williams-MNS Wauwatosa
(414) 517-3387
Listed by
Holly T Speranza · License #56826-90
(414) 517-3387
Source
Compass
Added: Feb 3 Updated: Jul 21 at 2:28AM Checked: Jul 21 at 6:54AM
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 Keller Williams-MNS Wauwatosa
Investment Insights
Based on property information with market context.
This 18-unit apartment building includes a balanced unit mix of four studios, thirteen one-bedroom units, and one two-bedroom unit. Select units and common areas have been updated, with secured entry doors and app-based security cameras in place to support tenant safety and convenience.
The property is located in Milwaukee’s Avenues West neighborhood, near I-43 and I-94. It is described as being within blocks of The Rave Eagles Club, Pabst Mansion, Kalvelage Mansion, and Marquette University.
From a practical standpoint, the configuration supports a range of rental options across studio and one- and two-bedroom layouts, with improvements targeted to select interiors and shared spaces.
The property is located in Milwaukee’s Avenues West neighborhood, near I-43 and I-94. It is described as being within blocks of The Rave Eagles Club, Pabst Mansion, Kalvelage Mansion, and Marquette University.
From a practical standpoint, the configuration supports a range of rental options across studio and one- and two-bedroom layouts, with improvements targeted to select interiors and shared spaces.
Key Highlights
- 18‑unit apartment building built in 1923 with brick construction and a full basement
- Unit mix: 4 studios, 13 one‑bedroom units, and 1 two‑bedroom unit
- Secured entry doors plus app‑based security cameras
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 | $161.4k | $17.64 |
| − Vacancy | −$6.5k | −$0.71 |
| EGI | $154.9k | $16.93 |
| − OpEx | −$69.7k | −$7.62 |
| NOI | $85.2k | $9.31 |
9,147 SF · lease $17.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.06M – $1.42M
NOI $85,194 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,867 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 18-unit apartment building offering four studio, thirteen one-bedroom, and one two-bedroom units with secured entry.
Where is this apartment building located?
The property is located at 915 North 24th Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: 18‑unit apartment building built in 1923 with brick construction and a full basement; Unit mix: 4 studios, 13 one‑bedroom units, and 1 two‑bedroom unit; Secured entry doors plus app‑based security cameras
