9729-9739 W. Hampton Avenue — Sale in Milwaukee, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Milwaukee, WI 53225

Photos

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Investment Figures

Cap rate
6.67%

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 9729-9739 W. Hampton Avenue, a well maintained 24-unit apartment building located on Milwaukee's stable and established northwest side. The property comprises a 1.11-acre parcel improved with a 24-unit apartment building. It was constructed in 1965 and contains 19,568 square feet (per assessor's records). The building features a low-maintenance, all brick exterior and pitched roof with composition shingle roof covering. The property has been professionally managed by the same owner for the past 20-plus years — a clear reflection of pride of ownership and consistent, attentive care. The property offers a clean and highly rentable 2-bedroom/1-bathroom units of approximately 700 square feet — an ideal configuration for capturing Milwaukee's deep and durable pool of working-class and family renters. Many units have been thoughtfully updated with new flooring, new countertops, updated stainless steel appliances, and new tub surrounds — delivering a fresh, modern living experience that commands strong rents and drives tenant retention. Notable building features include the following: Low-maintenance all-brick exterior — minimizing long-term capital expenditures and preserving strong curb appeal 20-plus years of consistent, professional ownership — reflecting a well-cared-for asset with a reliable operating history Uniform, efficient floor plans — simplifying management, turnover, and long-term maintenance Updated unit interiors — new flooring, countertops, stainless steel appliances, and tub surrounds throughout many of the units Adequate on-site surface parking on asphalt paving — a practical, tenant-valued amenity The owner is responsible for common area electric, gas, water/sewer, and trash/recycle, while tenants pay for their own electric. The property offers an incoming investor a rare combination of stability and upside: a fully functional, well-located asset with in-place income, recent interior improvements already in place

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).

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