Multifamily Property for Sale in Milwaukee, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Milwaukee, WI 53233

Description

Marcus & Millichap is pleased to present a portfolio of Student Housing properties located on campus at Marquette University. Comprised of four buildings, the portfolio consists of six units totaling 22 bedrooms within one city block on West Wells Street. The large duplexes and single-family homes offer students 3-, 4-, and 5-bedroom options in the heart of campus. Tenants pay all utilities. New roofs were installed on all buildings in 2018 with 40-year luxury shingles. Washer and dryers are provided in each building. 2108–2110 W Wells – “The Yellow Duck” Built in 1885 on 0.08 acres and improved with a 3,635 square foot duplex. The first-floor unit consists of 3 bedrooms, 1 bathroom, and a full kitchen with dishwasher. The second-floor unit consists of 5 bedrooms, 1 bathroom, and a full kitchen. Property features include a new high-efficiency furnace, newer water heaters, and sleeve A/C units. Six parking spots in the rear provide new ownership with additional income potential. Notably, the property is zoned commercial and is adjacent to a vacant lot, presenting a unique opportunity for future development, business use, or expansion of the existing asset—an increasingly rare value-add component in a supply-constrained, on-campus location. 2217 W Wells – “The Alamo” Built in 1880 on 0.03 acres and improved with a 1,452 square foot duplex. The building consists of 3 bedrooms, 2 bathrooms, and 2 full kitchens. Recent updates include newer siding, a 2022 furnace, 2015 water heater, and in-unit washer/dryer. 2221 W Wells – “The Lodge” Built in 1880 on 0.05 acres and improved with a 1,734 square foot single-family residence. The property consists of 5 bedrooms, 2 bathrooms, and 2 full kitchens. Upgrades include a 2023 high-efficiency furnace and water heater, along with brand new wiring and copper plumbing throughout. 2227–2229 W Wells – “The Maxwell House” Built in 1910 on 0.06 acres and improved with a 2,256 square foot duplex. The first-floor unit consists of 3 bedroom

Market Context

This multifamily in Milwaukee, WI is listed for sale. It is offered at an approximate 8.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 39 days. Compare it against other multifamily listings for sale in Milwaukee, WI — <a href="/search/sale/multifamily/wisconsin/milwaukee">view the full market</a>.

As of Q1 2026, the Milwaukee multifamily market showed a 16.2% vacancy rate. Source: Cushman & Wakefield Q1 2026 market report.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Multifamily market FAQ

Is the Milwaukee multifamily market tightening or softening?
Vacancy is around 16.2% (Q1 2026).

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