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2436 S Wentworth Ave 2436 S Wentworth Ave 5 Unit Apartment Building $1,175,000 ($235,000/Unit) 6.60% Cap Rate Milwaukee, WI 53207
Investment Highlights
- Prime Bay View location on a quiet residential street
- Fully renovated interiors with modern kitchens, stainless steel appliances, and updated finishes
- Separately metered gas and electric with no common electric expense
- 5-unit apartment building with four long-term rentals and one furnished Airbnb
- Off-street parking and onsite laundry
- Individual forced-air furnaces and water heaters for each unit
Executive Summary
Turnkey 5-unit apartment building located in Milwaukee's highly sought-after Bay View neighborhood. The property features four renovated long-term rental units plus one furnished two-bedroom unit currently operated as a successful Airbnb, providing investors the flexibility to continue short-term rentals or convert to mid-term or traditional leasing. With premium interior finishes, off-street parking, separately metered gas and electric, and additional rental upside, this is a rare opportunity to acquire a stabilized Bay View asset with multiple avenues for future NOI growth.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$121,800
|
$23.42
|
| Other Income |
$3,000
|
$0.58
|
| Vacancy Loss |
$3,654
|
$0.70
|
| Effective Gross Income |
$121,146
|
$23.30
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$43,553
|
$8.38
|
| Net Operating Income |
$77,593
|
$14.92
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $121,800 |
| Annual Per SF | $23.42 |
| Other Income | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $0.58 |
| Vacancy Loss | |
|---|---|
| Annual | $3,654 |
| Annual Per SF | $0.70 |
| Effective Gross Income | |
|---|---|
| Annual | $121,146 |
| Annual Per SF | $23.30 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $43,553 |
| Annual Per SF | $8.38 |
| Net Operating Income | |
|---|---|
| Annual | $77,593 |
| Annual Per SF | $14.92 |
Property Facts
| Price | $1,175,000 | Building Class | B |
| Price Per Unit | $235,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 5,200 SF |
| Cap Rate | 6.60% | No. Stories | 3 |
| No. Units | 5 | Year Built | 1913 |
| Property Type | Multifamily | Parking Ratio | 0.96/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RT4 | ||
| Price | $1,175,000 |
| Price Per Unit | $235,000 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 5,200 SF |
| No. Stories | 3 |
| Year Built | 1913 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | RT4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 500-1322-000-7 | Improvements Assessment | $834,500 (2025) |
| Land Assessment | $10,900 (2025) | Total Assessment | $845,400 (2025) |
Property Taxes
Parcel Number
500-1322-000-7
Land Assessment
$10,900 (2025)
Improvements Assessment
$834,500 (2025)
Total Assessment
$845,400 (2025)
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