226 N Water STREET, Milwaukee, WI, 53202
About This Home
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.
Getting Around
Walker's Paradise
Excellent Transit
Very BikeableSchools
Construction
Condition
- Property condition: 21+ Years
- Year built: 1914
Materials
- Construction materials: Brick/Stone,Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Apartment
Interior
Appliances
- Appliances included: Dryer,Washer,Seller Owned: Water Heater
Basement
- Basement: None / Slab
Features
- Elevator
Heating
- Heating features: Natural Gas
Property
Details
- Parcel number: 3920988000
- Zoning: C9G
Lot
- Lot size: 10,454 sqft
Parking
- Parking features: Electric Car Charger,Underground Garage,Inside Parking,Outside
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Inland Flooding
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Wisconsin Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $39,188 | $470,256 |
| Home Insurance * | $4,531 | $54,372 |
| Property Taxes | $12,735 | $152,820 |
| Electricity | $171 | $2,054 |
| Total | $56,625 | $679,500 |
Income You'd Need if You Spent...
Wisconsin FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-29 | Listed for sale | $7,750,000 |
| 2022-09-25 | Listing removed | -- |
| 2022-08-25 | Listed for rent | $4,155 |
| 2020-12-05 | Listing removed | $3,925 |
| 2020-08-05 | Listed for rent | $3,925 |
| 2020-01-09 | Listing removed | $3,925 |
| 2019-09-23 | Listed for rent | $3,925 |
| 2019-08-09 | Listing removed | $4,210 |
| 2019-06-04 | Listed for rent | $4,210 |
| 2019-04-25 | Listing removed | $3,360 |
| 2019-04-01 | Price change | $3,360 |
| 2019-03-14 | Listed for rent | $3,500 |
| 2016-02-01 | Sold | $1,800,000 |
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