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    Two-Story Duplex with 6 Bedrooms Title is generated by Realmo AI

    2860 N 50th St, Milwaukee, WI 53210

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    For Sale
    $224,900

    Duplex/2 Story - Milwaukee, WI

    Lot size:
    0.12 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 11:06 pm

    Property Features for 2860 N 50th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    3
    Appliances
    None
    Standard status
    Active
    APN
    3070346000
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4394.37

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1925
    Floors in Building
    2
    Building materials
    Aluminum Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa C Nevinski
    Lisa C Nevinski

    Listing agent Lisa C Nevinski License #62470-94

    Listing office Lannon Stone Realty LLC 1256 Capitol Dr, Suite 700, Pewaukee, WI 53072, Bonita Springs, WI

    Listing date Jun 4, 2026

    MLS# 1965567 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.

    HighLights

    • Well‑maintained duplex built in 1925 with 5 bedrooms plus 1 additional bedroom for 6 total bedrooms
    • Each unit offers spacious living and dining rooms, including built‑in cabinetry and butler’s pantries
    • Bright kitchens with space for a table; decorative fireplaces and natural wood features
    • Third floor bonus with blown‑in insulation and a walk‑in cedar closet for storage
    • Expansive basement with windows and storage space
    • Heating: forced air with natural gas; aluminum siding; water heater (2026); parking spaces and some new windows

    Overview

    This well maintained two-story duplex offers spacious, functional layouts in both units, with a total of six bedrooms. Interior highlights include large living rooms and dining rooms with built-in cabinetry, along with butler’s pantries. Each unit features bright kitchens with space for a table, decorative fireplaces, and natural wood elements. There is also a bright basement with windows and storage space. A bonus third-floor area adds blown-in insulation for energy efficiency and a walk-in cedar closet for storage.

    Located in the St. Joes Hospital neighborhood in Milwaukee, the property is blocks to Wauwatosa. Outside, the duplex includes parking spaces and a manicured yard. The home also benefits from some new windows, and the water heater is noted as 2026.

    With two distinct unit layouts, this property can serve an owner occupant looking for comfortable living space while offsetting expenses, or an investor seeking a maintained duplex configuration. Tenants will likely appreciate the multiple living and dining areas, basement windows for additional usable space, and the third-floor cedar closet for organized storage. Practical improvements like some new windows and a 2026 water heater can support day-to-day ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.975789
    Latitude
    43.071133

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    FAQs

    What type of property is this?
    Duplex - Well-maintained two-story duplex with six bedrooms, roomy layouts, and a finished-feeling third-floor storage option.
    Where is this duplex located?
    The property is located at 2860 N 50th St Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: Well‑maintained duplex built in 1925 with 5 bedrooms plus 1 additional bedroom for 6 total bedrooms; Each unit offers spacious living and dining rooms, including built‑in cabinetry and butler’s pantries; Bright kitchens with space for a table; decorative fireplaces and natural wood features
    (414) 801-9753
    We can help!
    Listing Contact
    Lisa C Nevinski
    Lisa C Nevinski
    Real Estate License ID: 62470-94
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    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.

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