24-Unit Brick Apartment
9729-9739 W Hampton Avenue, Milwaukee, WI 53225
For Sale
Contact for pricing
Updated two-bedroom homes and a pitched roof distinguish this professionally managed multifamily property.
Property Size19,568 SF
Lot Size1.11 Acres
Price / SF$147.18
Days on Market32
Property Features for 9729-9739 W Hampton Avenue
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Construction
Listing Agency:
Marcus & Millichap - Milwaukee
Listed By:
Blake Hanlon · License WI 89942-94
(262) 364-1918
Source:
Crexi
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 5:58PM
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 Marcus & Millichap - Milwaukee
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Investment Insights
Based on property information with market context.
The 24-unit apartment building occupies a 1.11-acre parcel and contains 19,568 square feet, according to assessor records. Built in 1965, it has a brick exterior and a pitched roof with composition shingles. Apartments are configured as two-bedroom, one-bath units of approximately 700 square feet. Many have received new flooring, countertops, stainless steel appliances, and tub surrounds.
The same owner has overseen the property for more than 20 years. Ownership pays common-area electricity, gas, water and sewer, and trash and recycling; residents pay their own electricity.
The same owner has overseen the property for more than 20 years. Ownership pays common-area electricity, gas, water and sewer, and trash and recycling; residents pay their own electricity.
Key Highlights
- 24 apartment units on a 1.11‑acre parcel
- 19,568 square feet; constructed in 1965
- Two‑bedroom, one‑bath units of approximately 700 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,255
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,645,100
$3.6M
Cap Rate 7%
$2,603,643
$2.6M
Cap Rate 9%
$2,025,056
$2.0M
Market Conditions
NOI Build-Up for 19,568 SF
Gross rent
$345.2K $17.64/SF
− Vacancy
−$13.8K −$0.71/SF
EGI
$331.4K $16.93/SF
− OpEx
−$149.1K −$7.62/SF
NOI
$182.3K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,645,100
Cap Rate 7%
$2,603,643
Cap Rate 9%
$2,025,056
Alternative Uses
Best Use
Apartment 5plus
$2.60M
$2.28M – $3.04M
NOI $182,255 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.70M
$4.11M – $5.49M
NOI $329,165 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 53225, WI
25,138
Population
11,019
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
91%
High-School Grad
7.0 sq mi
ZIP Area
3,591
Density / Sq Mi
$54,433
Median Household Income
$40,463
Median Earnings
$1,094
Median Rent
$174,500
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Milwaukee, WI
Properties on Market for Apartment buildings in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated two-bedroom homes and a pitched roof distinguish this professionally managed multifamily property.
Where is this apartment building located?
The property is located at 9729-9739 W Hampton Avenue Milwaukee, WI.
What is the asking price?
The asking price for this property is $2,880,000.
What are key features of this property?
This property features: 24 apartment units on a 1.11‑acre parcel; 19,568 square feet; constructed in 1965; Two‑bedroom, one‑bath units of approximately 700 square feet
