Log In/Sign Up
Your email has been sent.
Mabbett & Breeds Block Apartments 184-196 S 2nd St 10 Unit Apartment Building $6,100,000 ($610,000/Unit) 7.25% Cap Rate Milwaukee, WI 53204
Executive Summary
- Fully Leased Mixed-Use Asset – 29,418 SF property with 100% occupancy across 16 tenants, providing diversified in-place cash flow from retail and residential uses.
- Prime Walker’s Point Location – Located in the heart of one of Milwaukee’s fastest-growing and most walkable neighborhoods, with immediate access to I-94/I-43/I-794 and proximity to Downtown and the Historic Third Ward.
- Recent Capital Improvements – Ownership has invested $150,000+ since 2022 across tenant improvements, roof and masonry repairs, and site upgrades.
- Prime Walker’s Point Location – Located in the heart of one of Milwaukee’s fastest-growing and most walkable neighborhoods, with immediate access to I-94/I-43/I-794 and proximity to Downtown and the Historic Third Ward.
- Recent Capital Improvements – Ownership has invested $150,000+ since 2022 across tenant improvements, roof and masonry repairs, and site upgrades.
Property Facts
| Price | $6,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $610,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.67 AC |
| Cap Rate | 7.25% | Building Size | 33,251 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1868/2017 |
| Property Subtype | Apartment | Parking Ratio | 0.18/1,000 SF |
| Zoning | IM | ||
| Price | $6,100,000 |
| Price Per Unit | $610,000 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 33,251 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1868/2017 |
| Parking Ratio | 0.18/1,000 SF |
| Zoning | IM |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 1,282 |
| 2+2 | 4 | - | 1,050 |
| 3+3 | 1 | - | 1,986 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 428-0240-100-5 | Improvements Assessment | $2,840,500 |
| Land Assessment | $573,200 | Total Assessment | $3,413,700 |
Property Taxes
Parcel Number
428-0240-100-5
Land Assessment
$573,200
Improvements Assessment
$2,840,500
Total Assessment
$3,413,700
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
