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Listing provided courtesy of Forest Green Realty/EC CommercialMetro MLS- MLS# 1969486MLS Provider

226 N Water StMilwaukee, WI 53202

Multi-Family · 39,450 Sq. ft. | 0.24 Acres
$7,750,000 Active

226 N Water St Overview

Time on Site:
23 hours
Visits:
1

Prime investment opportunity in the heart of Milwaukee, WI. This prominent property, boasting a 39,450 SF building, features 12 meticulously designed residential units on floors 2 - 4 and a 7,000SF fully leased retail space on the 1st floor. A timeless structure built in 1914 and thoughtfully historically renovated in 2018. Zoned C9G and currently at full occupancy, this multifamily gem offers a compelling blend of historic charm and modern convenience. Rooftop Terrace w pergola, seating area, grill, fire pit and dog area. 21 Underground Parking, w 2 electric charging stations. Each space $150/month Modern kitchen w granite, spacious island, staggered raised panel cabinetry, crown molding, tile backsplash, stainless steel appliances. Private spa master baths with large walk-in closets.

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226 N Water St Facts & Features

  • Type Multi-Family
  • Sq. ft. 39,450
  • Price/Sq.ft. $196
  • Lot 0.24 Acres

Details

General

School Information

  • School District: Milwaukee

Income/Expenses

  • Gross Scheduled Income: 754892.99
  • Net Operating Income: 222951.93
  • Operating Expense: 531941.06

Listing Information

  • Concessions: No

Building Information

  • Year Built: 1914

Location/Region

  • County Or Parish: Milwaukee
  • Postal City: Milwaukee

General Information

  • Inclusions: 12 Electric fireplaces, refrigerators, washing machines, dryers, microwaves, range/stoves and garbage disposals
  • Parcel Number: 3920988000
  • Property Sub Type: Multi-Family
  • Property Type: Multi-Family

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 39450

General Information

  • Basement: None

Exterior

Parking Information

  • Parking Features: Electric Vehicle Charging Station(s),Near Public Transit,Underground Garage

Lot Information

  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Size Square Feet: 10454.4
  • Lot Size Units: Acres

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Brick

General Information

  • Sewer: Municipal Sewer

226 N Water St Neighborhood

Community

53202 (Milwaukee) Demographics

32
Median Age
7,961
Population Density (per sq. mile)
69%
College Educated
$53,812
Estimated Median Income
3,334
Estimated Total Home Owners
12,484
Estimated Total Renters
21% / 79%
Estimated Owner / Renter Divide
1
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

226 N Water St Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

226 N Water St Market Data

Based on the last 30 days in this zip code

$606,955
Average List Price
$377
Average Price per Square Foot
30
Properties Sold
81
Average Days on Market
171
Properties for Sale
Calculations provided by Reliance Network

226 N Water St History

Date Event Value Agent
6/29/2026Source: Metro MLS Added to Database
June 29, 2026
4/27/2026Source: Metro MLS Status Change
Closed
4/27/2026Source: Metro MLS Status Change
Closed
1/14/2026Source: Metro MLS Added to Database
January 14, 2026
1/9/2026Source: Metro MLS Added to Database
January 09, 2026