For Sale
$450,000

4842 Lisbon AveMilwaukee, WI 53210

High-yield, fully leased 3-unit building.

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity in Milwaukee's Uptown neighborhood presents a fully leased, three-unit mixed-use building at 4842 W Lisbon Ave, Milwaukee, WI 53210. This 3,284 square foot property, built in 1924, sits on a 0.07-acre lot and boasts a strong 8.43% cap rate, generating a net operating income (NOI) of $37,924. The building features two fully leased residential units upstairs and a leased commercial space on the main level, ensuring 100% occupancy. The property is constructed of masonry and benefits from high traffic volume (31,800 vehicles per day). Zoned for local commercial use (APN: 3281211000), this property offers significant potential for future appreciation in a developing area. 2023 real estate taxes totaled $3,102.57. The asking price is $450,000. This is a rare chance to acquire a stable, high-performing investment property in a prime Milwaukee location. Don't miss this opportunity to add a strong performer to your portfolio.

Highlights

  • Asking Price: $450,000
  • Mixed-use property with three units, 100% occupied, generating a strong NOI of $37,924 and an 8.43% cap rate.
  • 3,284 square feet on a 0.07-acre lot in Milwaukee, WI.
  • Built in 1924, with masonry construction and Local Commercial zoning.
  • Property located at 4842 W Lisbon Ave, Milwaukee, WI 53210 (APN: 3281211000), situated in a developing neighborhood with high traffic volume (31,800 VPD).

Property Details for 4842 Lisbon Ave

Property type
Mixed-use properties
Square Feet
3,284 SF
Year Built
1924
Lot Size (sq. ft)
3,049 SF
Units
3

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.061784
Longitude
-87.974853
4842 Lisbon Ave, Milwaukee, Wisconsin

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4842 Lisbon Ave
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