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2706 N Frederick Ave 7 Unit Apartment Building $1,862,000 ($266,000/Unit) 6.32% Cap Rate Milwaukee, WI 53211
Investment Highlights
- Fully occupied
- Upper eastside
- Modern kitchens
- bright and spacious apartments
- Quiet high level construction
- Primary bedroom with ensuite bathroom
Executive Summary
Low maintenance apartment in the highly desirable east side. Five 4 bedroom 2 bath, one 2 bedroom and 2 bath, and one Studio apartment. The building features a sitting porch on each floor, a secure lobby, private back entrances, 6 off street parking spots, and a nice walking neighborhood. Public transit a half block away and numerous restaurants and bars within a 6 block radius. Only a half mile walk to the university. Spacious apartments are great for a family or roommate situation. These apartments feature large living rooms, one en-suite bath, modern kitchens,, and in unit washer and dryer in all but one unit
Financial Summary (Actual - 2025) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,862,000 | Apartment Style | Low-Rise |
| Price Per Unit | $266,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.32% | Building Size | 8,250 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12 | No. Stories | 3 |
| No. Units | 7 | Year Built/Renovated | 1913/2000 |
| Property Type | Multifamily | Parking Ratio | 0.73/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RT3 - Merc Apts | ||
| Price | $1,862,000 |
| Price Per Unit | $266,000 |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 8,250 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1913/2000 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | RT3 - Merc Apts |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Crown Molding
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
Site Amenities
- Laundry Facilities
- Gas Range
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 750 |
| 3+2 | 5 | - | 1,501 - 1,750 |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 316-1047-000-1 | Improvements Assessment | $983,900 (2024) |
| Land Assessment | $134,900 (2024) | Total Assessment | $1,118,800 (2024) |
Property Taxes
Parcel Number
316-1047-000-1
Land Assessment
$134,900 (2024)
Improvements Assessment
$983,900 (2024)
Total Assessment
$1,118,800 (2024)
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2706 N Frederick Ave
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