1851-1853-1855 N. Humboldt Avenue — Sale in Milwaukee, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Milwaukee, WI 53202

Photos

1851-1853-1855 N. Humboldt Avenue — Sale in Milwaukee, WI, photo 1 of 4
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Investment Figures

Cap rate
6.94%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present a multi-building investment portfolio located on the lower east side of Milwaukee. The property comprises a 0.17-acre combined parcel improved with 11 apartment units. Their addresses are as follows: 1851-1853 N. Humboldt Avenue (3-Unit Apartment at the front and 2-Unit Apartment at the Rear) 1855 N. Humboldt Avenue (5-Unit Apartment at the front and 1-Unit Apartment at the Rear) The 1851-1853 Buildings were constructed around 1875 and contain 4,517 square feet (per assessor's records). The 1855-1855B Buildings were constructed around 1890 and contain 4,340 square feet (per assessor's records). The 1851 Buildings have vinyl sided exteriors and pitched roofs with newer dimensional shingle coverings. The windows are newer, vinyl-clad double hung combination units. Each unit has its own gas-fired furnace and water heater. One unit has central air conditioning. The electric services have been updated. The 1855 Buildings have vinyl sided exteriors and pitched roofs with composition shingle covering. The windows are newer, vinyl-clad double hung combination units. Each unit has its own gas-fired furnace and water heater. The electric services have been updated. Each unit includes a refrigerator and stove. Finishes include carpet and LVP flooring. Each basement houses non-coin operated washers and dryers. There is zero on-site parking. Investment Highlights: • Desirable Lower-East Side Neighborhood • Close to Downtown and Restaurants • Newer Roof Coverings on Two Buildings • Several HVAC Units are Newer • Updated Electric Services

Market Context

This multifamily in Milwaukee, WI is listed for sale. It is offered at an approximate 6.9% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Milwaukee, WI — view the full market.

As of Q1 2026, the Milwaukee multifamily market showed a 16.2% vacancy rate. Source: Cushman & Wakefield Q1 2026 market report.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Multifamily market FAQ

Is the Milwaukee multifamily market tightening or softening?
Vacancy is around 16.2% (Q1 2026).

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