Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$1,850,000

  • For Sale
  • Active
  • Multi-Family
See This Home
Save This Home
See This Home
Save This Home
Well-maintained, fully occupied mixed-use property located in the heart of Downtown Milwaukee. Comprised of approximately 8,800 square feet, the building features three retail units and three upper-level multifamily apartments, offering a balanced and diversified income stream across both residential and commercial tenancy. Currently fully leased, this building offers investors in-place cash flow with value-add potential through rental upside on the residential units, which are currently leased below market rates. The retail units are leased to a diverse mix of tenants, minimizing risk and ensuring long-term income stability. The building's flexible layout, strong physical condition, and premier location make it a turnkey investment with both immediate yield and long-term appreciation.

Full Property Details for 524 N Water St

General

  • Price: $1,850,000
  • Taxes: $21,740 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MetroMLS_Milwaukee_Wirex
  • MLS ID: 1937302
  • Updated: 11/22/2025
  • Added to Site: 109 day(s) ago

Parking

  • Parking Features: None

Location

  • County: Milwaukee

School Information

  • School District: Milwaukee

Heating & Cooling

  • Heating/Cooling: Other

Utilities

  • Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

  • Architectural Style: Other
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Stories Description: 3 to 4 Stories
  • Year Built: 1880

Unit Information

Unit 1

  • Number of Units: 1
  • Unit Description: Other
  • Square Feet: 1751 to 20

Unit 2

  • Unit Description: Other
  • Square Feet: 750 or Les

Unit 3

  • Unit Description: Other
  • Square Feet: 1501 to 17

Unit 4

  • Unit Description: 2 Baths, 2 Bedrooms
  • Square Feet: 2001 to 25

Lot Features

  • Lot Size (Acres): 0.06
  • Zoning: C9FA

Financial Considerations

  • Tax Amount: $21,740
  • Tax Year: 2024

Listed by Inland Real Estate Partners, LLC

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 524 N Water St —

  • Inland Real Estate Partners, LLC

414-276-9500

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 524 N Water St

School District:Milwaukee School District
NameGradesDistance
Wisconsin Conservatory of Lifelong Learning
1017 North 12th Street, Milwaukee, WI 53233
PK-121.1 mi
Cass Street School
1647 North Cass Street, Milwaukee, WI 53202
PK-81.1 mi
Golda Meir School
1615 North Doctor Martin Luther King Junior Drive, Milwaukee, WI 53212
3-81.1 mi
Lincoln Center of the Arts
820 East Knapp Street, Milwaukee, WI 53202
6-80.8 mi
Roosevelt Middle School of the Arts
800 West Walnut Street, Milwaukee, WI 53205
6-81.3 mi
Audubon Technology & Communication Middle School
3300 South 39th Street, Milwaukee, WI 53215
6-84.5 mi
Bradley Technology & Trade High School
700 South 4th Street, Milwaukee, WI 53204
9-120.9 mi
Milwaukee High School of the Arts
2300 West Highland Avenue, Milwaukee, WI 53233
9-121.8 mi
Riverside University High School
1615 East Locust Street, Milwaukee, WI 53211
9-122.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 524 N Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/30/2025
Listed
$1,850,000
184.62%
MLS
9/27/2022
Sold
$650,000
—
Public Record
Get Price Alerts and Save Property
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 524 N Water St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$21,740
45%
$735,500
19%
2023
$14,977
2%
$619,200
—
2022
$14,743
-2%
$619,200
10%
2021
$15,073
-13%
$564,000
-6%
2019
$17,275
9%
$600,000
—
2018
$15,782
7%
$600,000
—
2017
$14,701
-8%
$600,000
14%
2016
$15,947
27%
$526,000
32%
2014
$12,559
115%
$399,000
120%
2013
$5,831
-63%
$181,000
-63%
2012
$15,670
—
$494,000
—
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 for 524 N Water St

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Inland Real Estate Partners, LLC

Just Listed near 524 N Water St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

3916 N Oakland Ave, Shorewood, WI 53211 - Photo 1 Just Listed
$219,999

3916 N Oakland Ave  #224  Shorewood, WI 53211

  • Condo
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,175
    Sq. Ft.
Listed by Ismeil Dalieh (414) 628-9577
1818 E Shorewood Blvd, Shorewood, WI 53211 - Photo 1 Just Listed
$239,000
Open House

1818 E Shorewood Blvd  #207  Shorewood, WI 53211

  • Condo
  • Active
  • Updated 2 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,223
    Sq. Ft.
Listed by Compass RE WI-Northshore
4706 N Hollywood Ave, Whitefish Bay, WI 53211 - Photo 1 Just Listed
$435,000

4706 N Hollywood Ave  Whitefish Bay, WI 53211

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,263
    Sq. Ft.
Listed by Grace Stoll (414) 429-4535
2507 N 70th St, Wauwatosa, WI 53213 - Photo 1 Just Listed
$499,900
Open House

2507 N 70th St  Wauwatosa, WI 53213

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,757
    Sq. Ft.
Listed by Compass RE WI-Northshore

Price Reduced near 524 N Water St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

3673 S Ahmedi Ave, Saint Francis, WI 53235 - Photo 1 Price Reduced
-$5,100 (-1.52%)
$329,900

3673 S Ahmedi Ave  Saint Francis, WI 53235

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 1
    Total Bath
  • 1,960
    Sq. Ft.
Listed by Keller Williams Realty-Milwaukee North Shore
3720 E Squire Ave, Cudahy, WI 53110 - Photo 1 Price Reduced
-$6,000 (-2.18%)
$269,000

3720 E Squire Ave  Cudahy, WI 53110

  • Duplex
  • Active
  • Updated 8 hours ago
Listed by @Properties
3855 E Layton Ave, Cudahy, WI 53110 - Photo 1 Price Reduced
-$15,000 (-3.57%)
$405,000

3855 E Layton Ave  Cudahy, WI 53110

  • Duplex
  • Active
  • Updated 9 hours ago
Listed by Real Broker LLC
3841 E Edgerton Ave, Cudahy, WI 53110 - Photo 1 Price Reduced
-$10,100 (-3.26%)
$299,900

3841 E Edgerton Ave  Cudahy, WI 53110

  • Single Family
  • Active
  • Updated 9 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,397
    Sq. Ft.
Listed by Hometowne Realty LLC

Recent Sales near 524 N Water St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

730 N Plankinton Ave, Milwaukee, WI 53203 - Photo 1 Sold
$1,650,000

730 N Plankinton Ave  Milwaukee, WI 53203

  • Condo
  • Closed
  • 5
    Beds
  • 6
    Total Baths
  • 6,134
    Sq. Ft.
Listed by Corley Real Estate
Sold by Krawczyk Realty
825 N Prospect Ave, Milwaukee, WI 53202 - Photo 1 Sold
$2,000,000

825 N Prospect Ave  Milwaukee, WI 53202

  • Condo
  • Closed
  • 2
    Beds
  • 3
    Total Baths
  • 4,021
    Sq. Ft.
Listed by Mahler Sotheby's International Realty
Sold by Keller Williams Realty-Milwaukee North Shore
4525 N Frederick Ave, Whitefish Bay, WI 53211 - Photo 1 Sold
$2,000,000

4525 N Frederick Ave  Whitefish Bay, WI 53211

  • Single Family
  • Closed
  • 5
    Beds
  • 4
    Total Baths
  • 5,446
    Sq. Ft.
Listed by Keller Williams Realty-Milwaukee North Shore
Sold by Keller Williams Realty-Milwaukee North Shore
4666 N Wilshire Rd, Whitefish Bay, WI 53211 - Photo 1 Sold
$1,751,000

4666 N Wilshire Rd  Whitefish Bay, WI 53211

  • Single Family
  • Closed
  • 4
    Beds
  • 4
    Total Baths
  • 3,370
    Sq. Ft.
Listed by Keller Williams Realty-Milwaukee North Shore
Sold by Powers Realty Group

524 N Water St, Milwaukee, WI 53202 (MLS# 1937302) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 524 N Water St is currently listed for $1,850,000 and was received on September 30, 2025. Want to learn more about 524 N Water St? Do you have questions about finding other Multi-Family real estate for sale in Milwaukee? You can browse all Milwaukee real estate or contact a Coldwell Banker agent to request more information.

Tour this property