4842 Lisbon AveMilwaukee, WI 53210

Property Details for 4842 Lisbon Ave

Year built

1924

Lot size

0.07 AC

Property size (Sq ft)

3,284 SF

Zone code

LB2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

328-1211-000

APU

3281211000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $592,965

  6.5%

  $547,352

  7%

  $508,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $333,402

  Geo Method

  $427,741

• Alternative Use

  Use

  Valuation

  Residential

  $678,717

  Hospitality

  $621,701

  Educational

  $517,248

  Medical

  $535,037

  Retail

  $804,608

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0618

Longitude

-87.9749

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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