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 Union Street Apartments located at 846-856 North 15th Street in Milwaukee, Wisconsin. The Property is an off-campus student housing community servicing Marquette University, and benefits from a highly desirable location within walking distance of campus, offering residents convenient access to academic buildings, dining, and student amenities. Union Street Apartments features a unit mix of two studio one-bathroom units and thirty one-bedroom, one-bathroom units. Studio apartments average approximately 350 square feet and at a rental rate of $655 per month, while one-bedroom apartment units range from approximately 600 to 700 square feet, with rental rates between $755 and $855 per month. Residents are responsible for electricity while the ownership covers heat, hot water, water and sewer services, and trash collection. The Property is heated using a boiler system which has been newly replaced along with the property’s water heater, and the roof is approximately 15 years old. Each unit is equipped with a refrigerator and stove, and onsite laundry facilities are available. The Property is pet-friendly, with additional monthly pet rent of $15 for cats and $25 for dogs. Investment Highlights: • Excellent Marquette University Location with Year Leases • New Boiler • New Water Heater • 100% Occupancy

Market Context

This multifamily in Milwaukee, WI is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 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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