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/monthModern 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.
Active
$7,750,000
226 N Water STREET, Milwaukee, WI 53202
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1914
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Staggered raised panel cabinetryTile backsplashCrown moldingStainless steel appliancesSpacious islandLarge walk-in closetsPrivate spa master baths
- 59 days |
- 996 |
- 33 |
Zillow last checked:
Listing updated:
Listed by:
Alicia Alexander 414-852-8627,
Forest Green Realty/EC Commercial
Source: WIREX MLS,MLS#: 1969486
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Natural Gas
Appliances
- Included: Dryer, Washer, Seller Owned: Water Heater
Features
- Elevator
- Basement: None / Slab
- Has fireplace: No
Property
Parking
- Parking features: Electric Car Charger, Underground Garage, Inside Parking, Outside
- Has garage: Yes
Lot
- Size: 10,454 Square Feet
Details
- Parcel number: 3920988000
- Zoning: C9G
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick/Stone, Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Milwaukee
- Municipality: Milwaukee
Financial & listing details
- Tax assessed value: $7,060,000
- Annual tax amount: $149,648
- Date on market: 6/29/2026
- Inclusions: 12 Electric Fireplaces, Refrigerators, Washing Machines, Dryers, Microwaves, Range/Stoves And Garbage Disposals
Estimated market value
Not available
Estimated sales range
Not available
$3,314/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Listed for sale | $7,750,000+330.6% |
Source:  WIREX MLS #1969486 Report a problem | ||
| 9/25/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/25/2022 | Listed for rent | $4,155+5.9% |
Source: Zillow Rental Manager Report a problem | ||
| 12/5/2020 | Listing removed | $3,925 |
Source: Jameson Management Group Report a problem | ||
| 8/5/2020 | Listed for rent | $3,925 |
Source: Jameson Management Group Report a problem | ||
| 1/9/2020 | Listing removed | $3,925 |
Source: Jameson Management Group Report a problem | ||
| 9/23/2019 | Listed for rent | $3,925-6.8% |
Source: Jameson Management Group Report a problem | ||
| 8/9/2019 | Listing removed | $4,210 |
Source: Jameson Management Group Report a problem | ||
| 6/4/2019 | Listed for rent | $4,210+25.3% |
Source: Jameson Management Group Report a problem | ||
| 4/25/2019 | Listing removed | $3,360 |
Source: Jameson Leasing Report a problem | ||
| 4/1/2019 | Price change | $3,360-4% |
Source: Jameson Leasing Report a problem | ||
| 3/14/2019 | Listed for rent | $3,500 |
Source: Jameson Leasing Report a problem | ||
| 2/1/2016 | Sold | $1,800,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $146,848 -9.3% | $7,060,000 0% |
| 2024 | $161,906 +7.6% | $7,060,900 +10.9% |
| 2023 | $150,514 -0.8% | $6,369,600 |
| 2022 | $151,660 -12.7% | $6,369,600 +2.1% |
| 2021 | $173,684 | $6,240,900 |
| 2020 | $173,684 | $6,240,900 |
| 2019 | $173,684 +2.2% | $6,240,900 +2.3% |
| 2018 | $169,952 +6.6% | $6,102,400 +4.6% |
| 2017 | $159,380 -1.6% | $5,832,000 +250.9% |
| 2016 | $161,965 +218.8% | $1,662,000 +58.4% |
| 2015 | $50,800 | $1,049,000 +0.7% |
| 2014 | $50,800 | $1,042,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Historic Third Ward
Nearby schools
GreatSchools rating
- 8/10Golda Meir SchoolGrades: 3-12Distance: 1.3 mi
- 3/10Lincoln Center of the ArtsGrades: 6-8Distance: 1.1 mi
- 5/10Bradley Technology & Trade High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: Milwaukee
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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