Living / Multi-housing
Under Contract

State Street Station

7400 W State St, Wauwatosa, WI, 53213-2714, US

State Street Station_Property for Sale


State Street Station 2_Property for Sale

Asset Description

JLL is pleased to present State Street Station, a spectacular 148-unit apartment building with in-demand retail located in Milwaukee’s prestigious Wauwatosa suburb. Setting a new bar for suburban living, this luxury community boasts gorgeous interiors, an out-sized amenity package, and urban excitement with local charm. At the heart of the majestic Village of Wauwatosa, State Street Station earns an impressive 87 Walk Score and is just 3 minutes from Milwaukee Regional Medical Center, a major metro employment hub. The award-winning building is posting record 13% rent growth on new leases and 99% occupancy.

This unbeatable investment opportunity also includes a $2.589M TIF reimbursement and is available on either a free & clear basis or with attractive assumable debt.


Year built
Building area Net
13,135 m²

Investment Highlights


  • 99% Residential Occupancy
  • 100% Retail Occupancy & 5+ Years Weighted Average Lease Term
  • 13% Rent Growth on New Leases


  • 87 Walk Score
  • Heart of the Village of Wauwatosa steps to restaurants, Farmers Market, Oak Leaf Trail, & Hart Park
  • 10 minutes to downtown
  • 3 minutes to Milwaukee Regional Medical Center (17,000 employees)


  • 45% of Residents Work in Healthcare & Life Sciences
  • $142,000 Avg Household Resident Income
  • 18% Rent-to-Income Ratio


  • #13 Best Place to Live in Wisconsin
  • A+ Overall Rating
  • 10% 2022 Proj. Rent Growth / 99% Submarket Occupancy
  • A Overall Public School Rating
State Street Station 4_Property for Sale
State Street Station 4_Property for Sale

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Last updated
30 Nov 2022