Description
Prime milwaukee downtown multi family investment opportunity for a 17 bedroom licensed rooming house. blocks from the lake and downtown. this centrally located multifamily property features four spacious units/floors totaling 17 bedrooms and 7 bathrooms. the building is currently rented by the floor to tenants, but holds a rooming house license, allowing for flexibility to maximize income by leasing individual rooms. each floor features dedicated central air and a common laundry facility is in the basement with dedicated sets of washer and dryer for each floor. tenants pay utilities and renters insurance. rooming house market rent is ~$600-700/bed. this is a rare opportunity to acquire a versatile, income-producing asset in a high-demand location with room to grow revenue!
Property Type
Multi FamilyCounty
MilwaukeeStyle
Apartment Building,Rooming HouseAD ID
49668711
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Property Details
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Exterior Features
Building Information
- Year Built: 1896
Other Information
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Property / Lot Details
Property Information
- Est. Acreage: 0
- City: Milwaukee
- County: Milwaukee
- Direction: N Milwaukee St, east on E Wells St, north on Van Buren St
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Listing Information
Listing Price Information
- Original List Price: $1,175,000
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Taxes / Assessments
Tax Information
- Annual Tax: $14,221
- Tax Year: 2024
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School, Utilities & Location Details
School Information
- School District: Milwaukee
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BuyOwner last updated this listing 05/13/2025 @ 09:40
- MLS: 1917218
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: Wisconsin - Metro MLS
is a Multifamily, with 0 bedrooms which is for sale, it has 1001-1250 sqft, 0 sized lot, and None parking. are nearby neighborhoods.