5315 W National Ave, West Milwaukee, WI 53214 | MLS #1961992 | First Weber
  

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Listing provided courtesy of RE/MAX ForwardMetro MLS- MLS# 1961992MLS Provider

5315 W National AveWest Milwaukee, WI 53214

Multi-Family · 3,120 Sq. ft. | 0.11 Acres
$550,000 Pending

5315 W National Ave Overview

Time on Site:
49 days
Visits:
4

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.

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5315 W National Ave Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,120
  • Price/Sq.ft. $176
  • Lot 0.11 Acres

Details

General

School Information

  • School District: West Allis-West Milwaukee

Income/Expenses

  • Gross Scheduled Income: 56400
  • Net Operating Income: 36256
  • Operating Expense: 17324

Listing Information

  • Concessions: No

Building Information

  • Year Built: 1961

Location/Region

  • County Or Parish: Milwaukee
  • Postal City: West Milwaukee

General Information

  • Exclusions: tenant's personal property
  • Inclusions: 7 stoves, 7 refrigerators, whatever seller leaves behind
  • Parcel Number: 4381037000
  • Property Sub Type: Multi-Family
  • Property Type: Multi-Family

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 3120

General Information

    Exterior

    Parking Information

    • Parking Features: Outdoor Space

    Lot Information

    • Lot Size Acres: 0.11
    • Lot Size Area: 0.11
    • Lot Size Source: Public Record
    • Lot Size Square Feet: 4791.6
    • Lot Size Units: Acres

    Building Exterior/Construction

    • Construction Materials: Low Maintenance Trim,Aluminum Siding,Brick

    General Information

    • Sewer: Municipal Sewer

    5315 W National Ave Neighborhood

    Community

    53214 (West Milwaukee) Demographics

    38
    Median Age
    4,837
    Population Density (per sq. mile)
    34%
    College Educated
    $49,994
    Estimated Median Income
    8,038
    Estimated Total Home Owners
    8,068
    Estimated Total Renters
    50% / 50%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    5315 W National Ave Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    5315 W National Ave Market Data

    Based on the last 30 days in this zip code

    $274,738
    Average List Price
    $198
    Average Price per Square Foot
    32
    Properties Sold
    62
    Average Days on Market
    49
    Properties for Sale
    Calculations provided by Reliance Network

    5315 W National Ave History

    Date Event Value Agent
    6/29/2026Source: Metro MLS Status Change
    Pending
    5/19/2026Source: Metro MLS Status Change
    Active With Offer
    5/15/2026Source: Metro MLS Status Change
    Active
    5/11/2026Source: Metro MLS Added to Database
    May 11, 2026