Investment Overview

Marcus & Millichap is pleased to present a portfolio of Student Housing properties located on campus at Marquette University. Comprised of four buildings, the portfolio consists of six units totaling 22 bedrooms within one city block on West Wells Street. The large duplexes and single-family homes offer students Three-, Four-, and Five-bedroom options in the heart of campus. Tenants pay all utilities. New roofs were installed on all buildings in 2018 with 40-year luxury shingles. Washer and dryers are provided in each building. 2108–2110 W Wells – “The Yellow Duck” Built in 1885 on 0.08 acres and improved with a 3,635 square foot duplex. The first-floor unit consists of three bedrooms, one bathroom, and a full kitchen with dishwasher. The second-floor unit consists of five bedrooms, one bathroom, and a full kitchen. Property features include a new high-efficiency furnace, newer water heaters, and sleeve A/C units. Six parking spots in the rear provide new ownership with additional income potential. Notably, the property is zoned commercial and is adjacent to a vacant lot, presenting a unique opportunity for future development, business use, or expansion of the existing asset—an increasingly rare value-add component in a supply-constrained, on-campus location. 2217 W Wells – “The Alamo” Built in 1880 on 0.03 acres and improved with a 1,452 square foot duplex. The building consists of three bedrooms, two bathrooms, and two full kitchens. Recent updates include newer siding, a 2022 furnace, 2015 water heater, and in-unit washer/dryer. 2221 W Wells – “The Lodge” Built in 1880 on 0.05 acres and improved with a 1,734 square foot single-family residence. The property consists of five bedrooms, two bathrooms, and two full kitchens. Upgrades include a 2023 high-efficiency furnace and water heater, along with brand new wiring and copper plumbing throughout. 2227–2229 W Wells – “The Maxwell House” Built in 1910 on 0.06 acres and improved with a 2,256 square foot duplex. The first-floor unit consists of three bedrooms, one bathroom, and a full kitchen. The second-floor unit consists of four bedrooms, one bathroom, and a full kitchen. Furnaces and water heaters were updated in 2019.