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1222 N 116th St - 1222 N 116th St – 4 Unit Multifamily 4 Unit Apartment Building Offered at $659,900 at a 5.49% Cap Rate Wauwatosa, WI 53226
Investment Highlights
- Solid brick 4-family in desirable Wauwatosa
- Recently remodeled vacant unit projected at $1,300/month
- Four 2-bedroom, 1-bath units with income upside
Executive Summary
Well-maintained 4-family in Wauwatosa featuring four 2-bedroom, 1-bath units. Unit 4 has been recently remodeled and is currently vacant for ease of showings, with projected rent of $1,300/month. Projected gross scheduled income is $54,600 annually with NOI of $36,233. Solid multifamily investment opportunity in highly desirable Wauwatosa location.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 375-0028-000 | Total Assessment | $504,000 (2025) |
| Land Assessment | $88,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $416,000 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
375-0028-000
Land Assessment
$88,000 (2025)
Improvements Assessment
$416,000 (2025)
Total Assessment
$504,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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1222 N 116th St - 1222 N 116th St – 4 Unit Multifamily