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$850,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 days ago
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Rare Opportunity in heart of Menomonee Falls, WI. RESTAURANT BUSINESS IS REMAINING AND NOT PART OF THE SALE. Mixed use building in downtown Menomonee Falls, WI. Anchor tenant is Restaurant / Bar that has been in business 60 + years. Four apartments (3 bedroom / 2 Bedroom / 1 Bedroom / Studio) and Garage with office combine for multiple income streams. Three of the four apartments have been remodeled in the last 5 years. Apartments rent within DAYS. Within 100 yards of two large high end apartment complexes and multiple retail centers. PRICED TO SELL AT TODAY'S 8.6 CAP RATE with strong potential upside. Short term rentals a possibility due to historic nature of building and zoning and location. Strong Cash flow with significant upside.

Full Property Details for N91W16356 Pershing Ave

General

  • Price: $850,000
  • Taxes: $4,626 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MetroMLS_Milwaukee_Wirex
  • MLS ID: 1986129
  • Updated: 10/27/2026
  • Added to Site: 3 day(s) ago

Parking

  • Covered Spaces: 2
  • Uncovered Spaces: 18
  • Parking Features: Outdoor Space

Location

  • County: Waukesha

School Information

  • School District: Menomonee Falls
  • Middle School: North
  • High School: Menomonee Falls

Heating & Cooling

  • Heating/Cooling: Hot Water/Steam, Natural Gas

Utilities

  • Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

  • Architectural Style: Other
  • Exterior Const.: Vinyl, Wood
  • Basement Desc.: Partial
  • Stories Description: 1 to 2 Stories
  • Year Built: 1920

Unit Information

Unit 1

  • Number of Units: 1
  • Unit Description: 1 Bath, 3 or More Bedrooms, Balcony/Patio, Living Room, Range/Oven, Refrigerator
  • Square Feet: 1001 to 12

Unit 2

  • Number of Units: 1
  • Unit Description: 1 Bath, 2 Bedrooms, Eat-In Kitchen, Washer/Dryer
  • Square Feet: 751 to 100

Unit 3

  • Number of Units: 1
  • Unit Description: 2 Bedrooms, Range/Oven, Refrigerator
  • Square Feet: 751 to 100

Unit 4

  • Number of Units: 1
  • Unit Description: Studio/Efficiency
  • Square Feet: 750 or Les

Lot Features

  • Lot Size (Acres): 0.25
  • Zoning: PDD

Financial Considerations

  • Tax Amount: $4,626
  • Tax Year: 2025

Listed by Encore Real Estate Brokerage

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— N91W16356 Pershing Ave —

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NMLS#: 1598647

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Price & Sales History for N91W16356 Pershing Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/26/2026
Listed
$850,000
41.67%
MLS
12/06/2021
Sold
$600,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for N91W16356 Pershing Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,626
2%
$398,200
—
2024
$4,524
3%
$398,200
—
2023
$4,383
-14%
$398,200
43%
2022
$5,071
4%
$278,900
—
2021
$4,899
-4%
$278,900
—
2020
$5,094
17%
$278,900
—
2019
$4,352
-6%
$278,900
—
2018
$4,625
-2%
$278,900
—
2017
$4,732
-2%
$278,900
—
2016
$4,829
—
$278,900
—
2015
$4,811
—
$278,900
—
2014
$4,822
-5%
$278,900
—
2013
$5,091
—
$278,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Encore Real Estate Brokerage

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N91W16356 Pershing Ave, Menomonee Falls, WI 53051 (MLS# 1986129) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. N91W16356 Pershing Ave is currently listed for $850,000 and was received on October 26, 2026. Want to learn more about N91W16356 Pershing Ave? Do you have questions about finding other Multi-Family real estate for sale in Menomonee Falls? You can browse all Menomonee Falls real estate or contact a Coldwell Banker agent to request more information.

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