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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Residential income homes
5148 29th St Milwaukee, WI 53209-5549
Individually Owned
4-yr Hold
Property ID
US92-2383285
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1963
Total area
4,732 SF
Lot
0.22 ac (9,600 SF)
Zoning code
RM1
APN
207-0808-000
UPID
US92-2383285
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$565k
Owner & transaction history
Lillian Harmon · 4 yrs held
Lillian Harmon
since 2022
Last sale
$35,000
5 recorded transactions
Zoning & alternative use
RM1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
v-3. If the tower is located in an RM1 to RM3 district, the tower shall be accessory to an elementary or secondary school, shall not exceed 2 times the district height limit or 150 feet, whichever is less, and shall be set back from all property lines a distance at le ast equal to the height of the tower. Any other tower which does not exceed 2 times the dis…
Zone name
Multifamily Residential Districts
General category
RESIDENTIAL
Source
Master V2
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milwaukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milwaukee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$615,000
Current use
AUTO REPAIR, GARAGE
$565,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $35k (May 13 2022)
Last sale anchor
$35k
May 13 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$5,143
Tax year 2022
Assessed value
$216,000
Assessed 2022
Previous assessed
$216,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$21,000
Assessed improvement
$195,000
Land market value
$21,000
Improvement market value
$195,000
Total market value
$216,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1963
Heating
YES
Stories
2
Units
4
Rooms
16
Bathrooms
2
Total area
4,732 SF
Lot
0.22 ac (9,600 SF)
Zoning code
RM1
APN
207-0808-000
UPID
US92-2383285
Jurisdiction
MILWAUKEE
Zoning & alternative use
RM1 · Milwaukee, WIZoning RM1 · permitted uses
RM1 · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
v-3. If the tower is located in an RM1 to RM3 district, the tower shall be accessory to an elementary or secondary school, shall not exceed 2 times the district height limit or 150 feet, whichever is less, and shall be set back from all property lines a distance at le ast equal to the height of the tower. Any other tower which does not exceed 2 times the district height limit or 150 feet, whichever is less, may be allowed as a special use.
Zone name
Multifamily Residential Districts
General category
RESIDENTIAL
Source
Master V2
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Heating
YES
Stories
2
Units
4
Rooms
16
Bathrooms
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Lillian Harmon
Individual
Mailing address
5017 N LK DR, WHITEFISH BAY, WI 53217-5749
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
$35,000
Lillian Harmon
Murry Norwood JR
Warranty Deed
$184,320 · Summit Cu
May 26, 2021
$250,000
Greater Milwaukee Real Estate LLC
5148 North 29th Street LLC
Warranty Deed
$14,010 · Summit Cu
Apr 22, 2013
$132,500
5148 N 29th Street LLC
Wauwatosa Savings Bank
Quit Claim Deed
related
$112,625 · Waterstone Bank Ssb
Jan 7, 2008
$135,000
Wauwatosa Savings Bank
Sheriff Of Milwaukee County
Foreclosure
related
—
Apr 21, 2005
—
Avery Properties LLC
Michael Avery
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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