1315 N. Cass Street — Sale in Milwaukee, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Milwaukee, WI 53202

Photos

1315 N. Cass Street — Sale in Milwaukee, WI, photo 1 of 3
1315 N. Cass Street — Sale in Milwaukee, WI, photo 2 of 3
1315 N. Cass Street — Sale in Milwaukee, WI, photo 3 of 3

Investment Figures

Cap rate
6.72%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 1315 N. Cass Street, a distinguished 36-unit apartment building nestled in the highly coveted Yankee Hill neighborhood of Milwaukee. The property comprises a 0.13- acre parcel improved with a timeless brick apartment building. It was constructed in 1928 and contains 12,060 square feet (per assessor's records). The building features a classic brick exterior with a flat roof replaced within the past ten years. It has wood double-hung combination windows that reflect the property's enduring historic character. The property offers thirty-six studio units, an ideal configuration for capturing Milwaukee's deep and growing pool of young professionals, students, and downtown residents. Each unit includes a refrigerator and stove. The majority of units feature hardwood flooring. Each tenant pays for their own electric plus a $12 per month trash fee. The owner is responsible for the common area electric, heat, hot water, and water/sewer expenses. However, the water and sewer expense is billed back to the tenants on a quarterly basis, a favorable arrangement that increases net operating income and enhances investor returns. The basement laundry room houses two leased washers and two leased dryers. City steam heat provides reliable, consistent building-wide warmth. Upgraded electrical service reflects meaningful and proactive capital investment. There is abundant street parking readily available throughout the surrounding neighborhood. Investment Highlights: • Located in Desirable Yankee Hill Neighborhood in Downtown Milwaukee • Low Maintenance Exterior (Brick) • Tenants Pay Electric and Trash and Reimburse for Water and Sewer • Upgraded Electric

Market Context

This multifamily in Milwaukee, WI is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Milwaukee, WI — view the full market.

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).

Contact

Explore this market

Similar Multifamily Property for Sale in Milwaukee, WI