226 N Water St, Milwaukee, WI 53202 - Photo 1

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$7,750,000

For Sale
Active
Apartment
Updated 13 days ago

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Property Description

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.

Full Property Details

Full Property Details for 226 N Water St

General

Price: $7,750,000
Taxes: $149,648 (2025)
Status: Active
Type: Apartment
Source: MetroMLS_Milwaukee_Wirex
MLS ID: 1969486
Updated: 6/29/2026
Added to Site: 13 day(s) ago

Parking

Covered Spaces: 21
Parking Features: Electric Vehicle Charging Station(s), Near Public Transit, Underground Garage

Location

County: Milwaukee

School Information

School District: Milwaukee

Heating & Cooling

Heating/Cooling: Natural Gas

Utilities

Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

Architectural Style: Apartment Building, Elevator, Handicap Access
Exterior Const.: Brick
Basement Desc.: None
Stories Description: 3 to 4 Stories
Year Built: 1914

Unit Information

Unit 1

Number of Units: 3
Unit Description: 1/2 Bath, 2 Baths, 2 Bedrooms, Air Conditioning, Cable TV Available, Dining Room, Dishwasher, Disposal, Living Room, Range/Oven, Refrigerator, Washer/Dryer
Square Feet: 2001 to 25

Unit 2

Number of Units: 3
Unit Description: 1/2 Bath, 2 Baths, 2 Bedrooms, Air Conditioning, Balcony/Patio, Cable TV Available, Dining Room, Dishwasher, Disposal, Living Room, Range/Oven, Refrigerator, Washer/Dryer
Square Feet: 1751 to 20

Unit 3

Number of Units: 3
Unit Description: 1/2 Bath, 2 Baths, 2 Bedrooms, Air Conditioning, Balcony/Patio, Cable TV Available, Dining Room, Dishwasher, Disposal, Living Room, Range/Oven, Refrigerator, Washer/Dryer
Square Feet: 2001 to 25

Unit 4

Number of Units: 3
Unit Description: 1/2 Bath, 2 Baths, 2 Bedrooms, Air Conditioning, Cable TV Available, Dining Room, Dishwasher, Disposal, Living Room, Range/Oven, Refrigerator, Washer/Dryer
Square Feet: 2001 to 25

Lot Features

Lot Size (Acres): 0.24
Zoning: C9G

Financial Considerations

Tax Amount: $149,648.5
Tax Year: 2025

Listed by Forest Green Realty/EC Commercial

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Schools

Schools serving 226 N Water St

School District:Milwaukee School District

Name	Grades	Distance
Cass Street School 1647 North Cass Street, Milwaukee, WI 53202	PK-8	1.3 mi
Golda Meir School 1615 North Doctor Martin Luther King Junior Drive, Milwaukee, WI 53212	3-8	1.3 mi
Elm Creative Arts Elementary School 900 West Walnut Street, Milwaukee, WI 53205	PK-5	1.6 mi
Lincoln Center of the Arts 820 East Knapp Street, Milwaukee, WI 53202	6-8	1.1 mi
Roosevelt Middle School of the Arts 800 West Walnut Street, Milwaukee, WI 53205	6-8	1.6 mi
Rufus King International Middle School 121 East Hadley Street, Milwaukee, WI 53212	6-8	2.5 mi
Bradley Technology & Trade High School 700 South 4th Street, Milwaukee, WI 53204	9-12	0.7 mi
Milwaukee High School of the Arts 2300 West Highland Avenue, Milwaukee, WI 53233	9-12	1.9 mi
Riverside University High School 1615 East Locust Street, Milwaukee, WI 53211	9-12	2.7 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 226 N Water St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/29/2026

Listed

$7,750,000

330.56%

MLS

1/29/2016

Sold

$1,800,000

—

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

Tax History for 226 N Water St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$164,576

—

$7,060,000

—

2024

$164,576

$7,060,900

11%

2023

$153,199

$6,369,600

—

2022

$151,660

-9%

$6,369,600

2021

$166,700

$6,240,900

2019

$161,737

$6,036,000

—

2018

$159,380

-2%

$6,036,000

—

2017

$161,965

219%

$6,036,000

263%

2016

$50,800

53%

$1,662,000

58%

2014

$33,193

-2%

$1,049,000

—

2013

$33,810

$1,048,000

2012

$31,320

—

$1,016,000

—

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.

Estimate the Cost

Estimate the Cost for 226 N Water St

226 N Water St, Milwaukee, WI 53202 (MLS# 1969486) is a Apartment property with 0 bedrooms and 0 full bathrooms. 226 N Water St is currently listed for $7,750,000 and was received on June 29, 2026. Want to learn more about 226 N Water St? Do you have questions about finding other Apartment real estate for sale in Milwaukee? You can browse all Milwaukee real estate or contact a Coldwell Banker agent to request more information.

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226 N Water St Milwaukee, WI 53202