Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1601 S 85Th St West Allis, WI 53214

    View on Map
    Sponsored
    For Sale
    $429,900

    Duplex + - West Allis, WI

    Lot size:
    0.18 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 28 at 4:06 am

    Property Features for 1601 S 85Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RB
    APN
    4510570000
    Parking features
    None
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1913
    Number of units
    4
    Building materials
    Aluminum Siding, Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Holly T Speranza

    Juniper Real Estate LLC dba Keller Williams Realty Milwaukee North Shore

    Listing agent Holly T Speranza License #56826-90

    Listing date Mar 27, 2026

    MLS# 1955552 Listing URL

    Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    West Allis Multifamily Opportunity

    This four-unit multifamily property is located in West Allis, Wisconsin. The property is ideally situated near the Greenfield Avenue and National Avenue corridors, providing convenient access to shopping, dining, and everyday services. Its location offers proximity to the West Allis Farmers Market, Greenfield Park, McCarty Park, and Wisconsin State Fair Park. The property benefits from strong neighborhood appeal, with recreation, community events, and local amenities nearby. Easy access to major roadways enhances the convenience of this investment property, situated in an established West Allis neighborhood. The lot size is 0.18 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Allis
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.019277
    Latitude
    43.012793

    Nearby Similar for Sale

    • $309,900
      0.12 Acres

      West Allis Duplex Near Amenities

      Two-unit duplex in West Allis near parks and shopping.
      2213 S 74Th St, West Allis, WI 53219
      View Details
    • New
      $309,900
      0.12 Acres

      West Allis Duplex with Garage

      West Allis duplex with immediate rental income and garage.
      2225 S 82Nd St, West Allis, WI 53219
      View Details
    • $359,900
      0.10 Acres

      West Allis Four-Unit Income Property

      Four 1-bedroom units with separate utilities and income potential.
      1508 S 81St St, West Allis, WI 53214
      View Details
    • $359,900
      0.12 Acres

      West Allis Multifamily Investment Property

      Three-unit property in West Allis with immediate rental income.
      2033 S 77Th St, West Allis, WI 53219
      View Details
    • $349,900
      2,022 SF

      Duplex and Salon Investment Opportunity

      Turnkey investment with multiple income streams and future upside.
      7000 W National Ave, West Allis, WI 53214
      View Details
    • New
      $324,000
      0.08 Acres

      West Allis Duplex Opportunity

      Well-maintained duplex in West Allis, ideal for investors or owner-occupants.
      2137 S 71St St, West Allis, WI 53219
      View Details
    • $289,900
      0.17 Acres

      West Allis Duplex Investment Opportunity

      Two-unit duplex in West Allis with stable income.
      2316 S 84Th St, West Allis, WI 53227
      View Details
    • $289,900
      0.12 Acres

      West Allis Duplex For Sale

      Fully occupied duplex near amenities, offering immediate cash flow.
      5716 W Beloit Rd, West Allis, WI 53214
      View Details
    • New
      $299,900
      0.08 Acres

      Spacious Duplex in West Allis

      Duplex with strong rental appeal in a vibrant community.
      6205 W Mitchell St, West Allis, WI 53214
      View Details
    • $269,900
      0.08 Acres

      West Allis Duplex For Sale

      West Allis duplex ideal for investors or owner occupants.
      2120 S 76Th St, West Allis, WI 53219
      View Details
    • $259,900
      0.12 Acres

      West Allis Duplex For Sale

      Well-located duplex in West Allis with immediate income potential.
      7024 W Lincoln Ave, West Allis, WI 53219
      View Details
    • $289,900
      0.12 Acres

      West Allis Duplex For Sale

      Fully occupied duplex near amenities and transportation.
      1570 S 57Th St, West Allis, WI 53214
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property in West Allis near shopping and dining.
    Where is this quadplex located?
    The property is located at 1601 S 85Th St West Allis, WI.
    What is the asking price?
    The asking price for this property is $429,900.
    What are key features of this property?
    This property features: - 4-unit multifamily property; - Prime location near Greenfield Ave and National Ave corridors; - Convenient access to shopping, dining, and everyday services
    (414) 962-3605
    Request Owner's contact information
    1601 S 85Th St West Allis, WI 53214
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1601 S 85Th St
    West Allis, WI 53214
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1601 S 85Th St West Allis, WI 53214
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Holly T Speranza
    Real Estate License ID: 56826-90
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!