Milwaukee Multifamily Portfolio: 120
For Sale
$5,900,000
Near West Side Portfolio, Milwaukee, WI 53233
120-unit multifamily portfolio, 4 brick buildings in the Near West Side neighborhood of Milwaukee, WI.
Property Size73,262 SF
Lot Size1.68 Acres
Price / SF$80.53
Days on Market595
Property Features for Near West Side Portfolio
General Information
Standard status
Active
Property type
Multifamily properties, Residential income homes, Other residential income properties, Residential income properties, Investment properties
Size
73,262 SF
Elevators
N/A
Lot size
1.68 Acres
Listed By:
Luis Robles
(773) 293-5067
Added: Jan 16, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This exceptional investment opportunity features a 120-unit multifamily portfolio consisting of four brick buildings located in Milwaukee's Near West Side neighborhood. The portfolio has a stable occupancy rate, with a low 1.87% vacancy. The buildings are located within a half-mile radius, offering operational efficiencies. The unit mix is diversified, with 86.7% consisting of one-bedroom units. Analysis reveals a potential gross scheduled income (GSI) increase of 15.5%. Operating expense projections yield an expense ratio of 48.92%. The total building size is 73,262 square feet, situated on a 1.68-acre lot. This portfolio offers immediate cash flow and value-add potential, making it an ideal acquisition for investors seeking a presence in the Milwaukee multifamily market.
Key Highlights
- Stable occupancy with minimal vacancy ---- 1.87% current vacancy
- Diversified unit mix ---- 86.7% one‑bedroom units
- Below‑market rents ---- 15.5% potential GSI increase
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 53233, WI
15,531
Population
5,531
Households
2.8
Avg Household Size
25
Median Age
17%
College-Educated
78%
High-School Grad
1.8 sq mi
ZIP Area
8,628
Density / Sq Mi
$20,306
Median Household Income
$10,060
Median Earnings
$846
Median Rent
$132,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - 120-unit multifamily portfolio, 4 brick buildings in the Near West Side neighborhood of Milwaukee, WI.
Where is this multifamily property located?
The property is located at Near West Side Portfolio Milwaukee, WI.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Stable occupancy with minimal vacancy ---- 1.87% current vacancy; Diversified unit mix ---- 86.7% one‑bedroom units; Below‑market rents ---- 15.5% potential GSI increase
