226 N Water St

Milwaukee, WI 53202

$7,750,000
Price
—
Beds
—
Baths
39,450 Sq. Ft.
$196 / Sq. Ft.
39,450
Sq. Ft.
$196
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Mitchell-On-Water
Mitchell-On-Water (1)
Kitchen
Living Room
Den
Living Room 2
Living Room 3
Closet
Master Bath 1
Master Bath 2
Rooftop Terrace
Dog Area
Entry/Mailbox

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,...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/month Modern 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.
  1. Listed by Alicia Alexander • Brokerage DRE #836017-91 • Forest Green Realty/EC Commercial
    P: (414)-852-8627 C: (414)-852-8627 alicia@forestgreenrealty.com

Amenities

  • Electric Vehicle Charging Station(s)
  • Spa
  • Stainless Steel Appliances
  • Underground Parking
  • Walk-in Closet
LISTING UPDATED: 06/29/2026 12:38 PM

Property Details for 226 North Water Street

StatusActive
MLS #1969486
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1914
Lot Size0.24 AC / 10,454 SF
CountyMilwaukee County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Forest Green Realty/EC Commercial
Add your commute

Building Information for 226 North Water Street

Stories-Residences-Year Built1914Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$52,334 per month

30 year fixed, 6.36% Interest

Principal and Interest

$38,619

Property Taxes

$13,715

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 226 North Water Street

Summary
Location and General Information
  • Latitude: 43.033052
  • Longitude: -87.908806
  • Postal Code: 53202
  • Zoning Description: C9G
Parking
  • Attached Garage: No
  • Parking Features: Electric Vehicle Charging Station(s), Near Public Transit, Underground Garage
Taxes and HOA
  • Parcel Number: 3920988000
School Information
  • High School District: Milwaukee
Property
Lot Information
  • Building Area Total: 39450.0
  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Size Square Feet: 10454.4
  • Lot Size Units: Acres
Property and Assessments
  • Inclusions: 12 Electric fireplaces, refrigerators, washing machines, dryers, microwaves, range/stoves and garbage disposals
  • Year Built: 1914
Utilites
  • Sewer: Municipal Sewer
Interior and Exterior Features
Interior Features
  • Basement: None
  • Bathrooms Total Integer: 0
  • Construction Materials: Brick
Multi Family
Income & Expenses
  • Gross Scheduled Income: $754,893
  • Net Operating Income: $222,952
  • Operating Expense: $531,941.06
Rental
Rent Information
  • Tenant Pays: Electricity, Heat, Gas

Property History for 226 North Water Street

DateEvent & SourcePriceAppreciation
Jun 29, 2026

Listed (Active)

MetroMLS #1969486

$7,750,000—
Jan 29, 2016

Sold (Public Record)

Public Record #564554631

—
DateEvent & SourcePrice
06/29/2026

Listed (Active)

MetroMLS #1969486

$7,750,000
01/29/2016

Sold (Public Record)

Public Record #564554631

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 226 North Water Street

Taxable ValueLand$305,800Additions$6,755,100Total$7,060,900
Tax Record2024$164,576 ($13,715 / month)
Home Facts
Total Finished SqFt39,450 SqFtAbove Grade Finished SqFt39,450 SqFtStories4Lot Size10,193 SqFtStyleOffice BuildingYear Built1914ZoningC9GCountyMILWAUKEEAPN392-0988-000

Schools near 226 North Water Street

This home is within Milwaukee School District.
Rating
School
Type
Grades
Distance
Vieau Elementary
Public - PK to 8
Milwaukee Community Cyber High School
Charter - 9 to 12
Bradley Technology & Trade High School
Public - 9 to 12
Project Stay-Supporting Teachers and Youth
Public - 9 to 12
Rating
School
Distance
Vieau Elementary
PublicPK to 8

Milwaukee Community Cyber High School
Charter9 to 12

Bradley Technology & Trade High School
Public9 to 12

Project Stay-Supporting Teachers and Youth
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Explore Nearby Homes

More information about 226 North Water Street, Milwaukee, WI 53202

226 North Water Street is a multi-family home for sale in Milwaukee, WI 53202. This property was listed for sale on June 29, 2026 by Forest Green Realty/EC Commercial, it's currently listed at $7,750,000. It has been on the market for a total of 3 days and was last sold on January 29, 2016. This listing's school district is Milwaukee School District. Nearby schools include Vieau Elementary, Milwaukee Community Cyber High School and Bradley Technology & Trade High School. 226 North Water Street is a 0-bed, 0-bath, 39,450 sqft multi-family home built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Forest Green Realty/EC Commercial

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 06/29/2026 12:38 PM Listing presented by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. Compass · Tel: 212-913-9058 · New York, NY Information is supplied by seller and other third parties and has not been verified. Copyright 2026 – WiREx. – All Rights Reserved