Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2813 Belleview Pl Milwaukee, WI 53211-3804

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2813 Belleview Pl Milwaukee, WI 53211-3804

    View on Map
    • Apartment buildings
    • 13,724 SF
    • 0.19 lot acres
    Off-Market
    Last Sale Jun 2, 2021
    $3,000,000
    Property ID
    US92-0820286
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,925,000
    Show details
    Cap Rate Potential
    3.3%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Belleview Apartments / Apartment Building

    Property Details for 2813 Belleview Pl

    Year built
    1905
    Lot size
    0.19 lot acres
    Property size
    13,724 SF
    Zone code
    RM4
    Property type
    Apartment buildings
    APN
    318-0097-000
    APU
    3180097000

    Description

    This exceptional Class A multifamily investment opportunity presents two beautifully renovated buildings totaling 17 units situated in Milwaukee's desirable East Side. Built in 1905 and completely renovated in 2023, these four-story buildings boast stunning vintage charm blended seamlessly with modern amenities. The property features 16 spacious three-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Each unit includes brand new kitchen appliances (refrigerators, ovens, microwaves, and dishwashers), updated countertops and cabinetry, renovated bathrooms with new tile, sinks, toilets, and fixtures, new in-unit washer/dryers, fresh paint, new drywall, light fixtures, and doors. The electrical system has also been fully updated. Located at 2803 & 2813 E Belleview Place, this corner property offers unparalleled convenience, steps away from Downer Avenue, Lake Park, and Bradford Beach. The asking price is $5,500,000, representing a price per unit of $323,529.41. This stabilized investment presents a rare opportunity to acquire a meticulously renovated multifamily property in a highly sought-after Milwaukee location. The property's strong location and modern updates make it an ideal investment for discerning buyers seeking high returns and long-term appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,850,000
      ML approach
      $3,870,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,130,000
      6.5%
      $1,965,000
      7%
      $1,825,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,464,000
      Market price range: $1.65M - $5.68M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.8755
    Latitude
    43.0645
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $32,920
    $193,000
    $1,189,600
    $1,382,600
    -
    $193,000
    $1,189,600
    $1,382,600

    Comparable in this City

    • Value Estimation
      $2,735,000
      23,193 SF

      2520 Stowell Ave

      APARTMENT HOUSE (5+ UNITS) • 23,193 SF
      2520 Stowell Ave, Milwaukee, WI 53211-4252
      View Details
    • Value Estimation
      $3,975,000
      43,688 SF

      2576 Stowell Ave, Unit 2594

      APARTMENT HOUSE (5+ UNITS) • 43,688 SF
      2576 Stowell Ave, Milwaukee, WI 53211-4215
      View Details
    • Value Estimation
      $1,835,000
      14,034 SF

      2632 Oakland Ave

      APARTMENT HOUSE (5+ UNITS) • 14,034 SF
      2632 Oakland Ave, Milwaukee, WI 53211-3572
      View Details
    • Value Estimation
      $2,275,000
      17,766 SF

      2414 Oakland Ave

      APARTMENT HOUSE (5+ UNITS) • 17,766 SF
      2414 Oakland Ave, Milwaukee, WI 53211-4368
      View Details
    • Value Estimation
      $2,555,000
      20,594 SF

      2580 Oakland Ave

      APARTMENT HOUSE (5+ UNITS) • 20,594 SF
      2580 Oakland Ave, Milwaukee, WI 53211-3978
      View Details
    • Value Estimation
      $2,775,000
      25,941 SF

      3407 Oakland Ave, Unit 3415

      APARTMENT HOUSE (5+ UNITS) • 25,941 SF
      3407 Oakland Ave, Milwaukee, WI 53211-2828
      View Details

    Similar Nearby for Sale

    • $449,900
      0.12 Acres

      Shorewood Duplex Investment Opportunity

      Fully leased Shorewood duplex with two spacious units and new roof.
      4018 N Newhall St, Shorewood, WI 53211
      View Details
    • $409,000
      0.10 Acres

      Milwaukee East Side Duplex

      East Side duplex near UWM with three-bedroom units.
      2865 N Cramer St, Milwaukee, WI 53211
      View Details
    • $289,000
      0.08 Acres

      Milwaukee Duplex in Cambridge Woods

      Well-maintained duplex in prime location, ideal for investors.
      3066 N Newhall St, Milwaukee, WI 53211
      View Details
    • $499,900
      0.15 Acres

      Shorewood Duplex with 3-Car Garage

      Updated Shorewood duplex with a three-car garage and flexible layout.
      3865 N Morris Blvd, Shorewood, WI 53211
      View Details
    • Contact for pricing
      3,200 SF

      Downer Avenue Parking Unit

      Parking unit with 104 stalls on Milwaukee’s East Side.
      2574-2590 N Downer Ave, Milwaukee, WI 53211
      View Details
    • Contact for pricing
      4,404 SF

      Stand Alone Retail/Office Building

      Stand alone retail/office building with Oak Leaf trail access.
      4121 N Wilson Dr, Shorewood, WI 53211
      View Details

    Similar Nearby for Lease

    • $650 /Mo
      475 SF

      Shorewood Office Space Available

      Two office spaces available in Shorewood, Wisconsin.
      4050 N Oakland Ave, Shorewood, WI 53211
      View Details
    • Contact for pricing

      Updated Office Building For Rent

      Recently updated office building in Shorewood, close to amenities.
      3510 N Oakland Ave, Shorewood, WI 53211
      View Details
    • Contact for pricing
      900 SF

      Office Space Available For Rent

      Office space available for rent in Milwaukee, Wisconsin.
      1400 E Capitol Dr, Milwaukee, WI 53211
      View Details
    • Contact for pricing
      4,412 SF

      Milwaukee Office Space For Rent

      Office space in Milwaukee's Murray Hill neighborhood above Starbucks.
      2523-2551 N Downer Ave, Milwaukee, WI 53211
      View Details
    • $550 /Mo
      110 SF

      Furnished Office Spaces Available

      Furnished offices with shared amenities in Shorewood, Wisconsin.
      1200 E Capitol Dr, Milwaukee, WI 53211
      View Details
    • $17 SF/Yr
      1,620 SF

      Updated Office Building in Shorewood

      Recently updated office building in a great Shorewood location.
      3506-3510 N Oakland Ave, Shorewood, WI 53211
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2813 Belleview Pl
    Milwaukee, WI 53211-3804
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!