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$249,900
Est. payment /mo
2,326 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,326 sqft
Price per Sqft $107
MLS Listing ID 1955598
Year Built 1909
Annual Tax Amount $5,794
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Turnkey 3-unit multifamily in Milwaukee's south side featuring classic Lannon stone construction and strong cash flow potential. This fully occupied triplex offers three 2BR/1BA units totaling 2,326 sq ft, plus a detached 3-car garage. Extensive 2023 renovations ( $112K) include LVP flooring, updated kitchens and baths, new lighting, fresh paint, and electric baseboard heat throughout. Tenants pay utilities, providing efficient operations. Current rents total $2,810/month with upside and flexible lease expirations for owner-occupants. Stabilized pro forma NOI $14K+. Convenient location near downtown, schools, and transit. Ideal for investors or house hackers seeking value-add and steady income. Perfectly located in the sought-after Mitchell Park neighborhood, just minutes from the HWY.
Location
State WI
County Milwaukee
Zoning RT4
Rooms
Basement Block, Full
Interior
Heating Electric
Cooling Individual Heating Units
Inclusions (3) Refrigerators, (3) Oven/Ranges.
Equipment Seller Owned: Water Heater
Exterior
Exterior Feature Brick/Stone, Stone, Vinyl, Wood
Parking Features Indoor Space
Building
Dwelling Type Duplex +
Story 3 - 4
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Milwaukee
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Listed by Coldwell Banker Realty
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