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$550,000 Just Listed
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Property Description
Opportunity knocks with this 6+ unit apartment building ideally located across from the Milwaukee VA Medical Center! With strong rental demand driven by its unbeatable location and easy access to public transportation, this property offers incredible upside potential for investors looking to add value and build equity. Several units still showcase original wood flooring ready to be restored to their former beauty, while vinyl windows provide a head start on key updates. Additional features include private entrances, 4 off-street parking spaces, storage lockers, and a laundry hook up. Whether you're looking to renovate and maximize rents or expand your investment portfolio, this building offers the location and potential to make it happen.
Full Property Details
Full Property Details for 5315 W National Ave
General
- Price: $550,000
- Taxes: $8,719 (2025)
- Status: Active
- Type: Apartment
- Source: MetroMLS_Milwaukee_Wirex
- MLS ID: 1961992
- Updated: Today (5/15/2026)
- Added to Site: Today
Parking
- Uncovered Spaces: 4
- Parking Features: Outdoor Space
Location
- County: Milwaukee
- Driving Directions: National Ave. located between 53rd & 54th streets.
School Information
- School District: West Allis-West Milwaukee
Heating & Cooling
- Heating/Cooling: Hot Water/Steam, Natural Gas
Utilities
- Water/Sewer: Municipal Sewer, Municipal Water
Structural Information
- Architectural Style: Apartment Building
- Exterior Const.: Aluminum Siding, Brick, Low Maintenance Trim
- Basement Desc.: Full, Laundry Facilities, Walk-Out/Outer Door
- Stories Description: 1 to 2 Stories
- Year Built: 1961
Unit Information
Unit 1
- Number of Units: 6
- Unit Description: 1 Bath, 1 Bedroom, Living Room, Range/Oven, Refrigerator
- Square Feet: Not Availa
Unit 2
- Number of Units: 1
- Unit Description: 1 Bath, 2 Bedrooms, Living Room
- Square Feet: Not Availa
Lot Features
- Lot Size (Acres): 0.11
- Zoning: RD-1
Financial Considerations
- Tax Amount: $8,719
- Tax Year: 2025
Listed by RE/MAX Forward
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Schools
Schools serving 5315 W National Ave
School District:West Allis School District
| Name | Grades | Distance |
|---|---|---|
Pershing Elementary School, West Milwaukee, WI 1330 South 47th Street, West Milwaukee, WI 53214 | K-5 | 0.4 mi |
West Milwaukee Intermediate School 5104 West Greenfield Avenue, West Milwaukee, WI 53214 | 6-8 | 0.2 mi |
Central High School, West Allis, WI 8516 West Lincoln Avenue, West Allis, WI 53227 | 9-12 | 2.3 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 5315 W National Ave
Date
Details
Price
Change
Source
5/15/2026
Listed
$550,000
—
MLS
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 5315 W National Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,586
-6%
$409,400
30%
2023
$9,094
2%
$315,100
—
2022
$8,937
1%
$315,100
—
2021
$8,820
-11%
$315,100
—
2020
$9,918
-3%
$315,100
—
2019
$10,273
-5%
$315,100
—
2018
$10,866
8%
$315,100
—
2017
$10,101
-5%
$315,100
—
2016
$10,622
5%
$315,100
—
2015
$10,111
15%
$315,100
—
2014
$8,809
-5%
$315,000
—
2013
$9,292
-1%
$315,000
—
2012
$9,389
—
$315,000
—
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 5315 W National Ave
5315 W National Ave, West Milwaukee, WI 53214 (MLS# 1961992) is a Apartment property with 0 bedrooms and 0 full bathrooms. 5315 W National Ave is currently listed for $550,000 and was received on May 15, 2026. Want to learn more about 5315 W National Ave? Do you have questions about finding other Apartment real estate for sale in West Milwaukee? You can browse all West Milwaukee real estate or contact a Coldwell Banker agent to request more information.

