Building Details

Year Built 1955

Listing Agency: Shorewest Realtors, Inc.

Listed By: Wendy Manzke Show Phone

Source: Nikolicgroup

Added: Aug 30 Changed: Sep 18 Last Checked: Oct 7 at 4:53PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shorewest Realtors, Inc.

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Investment Insights

Based on property information with market context.

This two-unit residential property offers 2,280 square feet arranged as a duplex with distinct first- and second-floor residences. The lower unit includes three bedrooms and one bathroom, while the upper unit provides two bedrooms and one bathroom. Fresh paint has been completed in the first-floor residence. A 2.5-car attached garage adds on-site parking and storage, supporting the property’s practical configuration.

Built in 1955, the duplex is located at 10138 W Montana Ave in West Allis, Wisconsin. An elementary school is directly across the street, with shopping, restaurants, and everyday amenities nearby.

Key Highlights

• 2,280‑square‑foot duplex with two residential units
• First‑floor unit has 3 bedrooms and 1 bathroom
• Second‑floor unit has 2 bedrooms and 1 bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,433

Cap Rate

6.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$488,660 $488.7K

Cap Rate 7%

$349,043 $349.0K

Cap Rate 9%

$271,478 $271.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,280 SF

Gross rent

$36.9K $16.20/SF

− Vacancy

−$2.0K −$0.89/SF

EGI

$34.9K $15.31/SF

− OpEx

−$10.5K −$4.59/SF

NOI

$24.4K $10.72/SF

Area

Milwaukee County, WI

Vacancy

5.50%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$488,660

Cap Rate 7%

$349,043

Cap Rate 9%

$271,478

Alternative Uses

Best Use

Multifamily LT 5

$349.0K

$305.4K – $407.2K (±1% cap)

NOI $24,433 @ 7.0% cap · market cap 6.79%

Second Best

Apartment 5plus

$311.8K

$272.8K – $363.8K (±1% cap)

NOI $21,826 @ 7.0% cap · market cap 6.06%

Theoretical Best

Office A

$540.7K

$473.1K – $630.8K (±1% cap)

NOI $37,847 @ 7.0% cap · market cap 10.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Barber Shop Electrical Service Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,186

Businesses Nearby

Explore this area Business Placement

Demographics for 53227, WI

23,310

Population

11,519

Households

2

Avg Household Size

40

Median Age

29%

College-Educated

93%

High-School Grad

5.1 sq mi

ZIP Area

4,571

Density / Sq Mi

$71,594

Median Household Income

$46,886

Median Earnings

$1,057

Median Rent

$214,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer three- and two-bedroom layouts across separate floors.

Where is this duplex located?

The property is located at 10138 W Montana Ave West Allis, WI.

What is the asking price?

The asking price for this property is $359,900.

What are key features of this property?

This property features: 2,280‑square‑foot duplex with two residential units; First‑floor unit has 3 bedrooms and 1 bathroom; Second‑floor unit has 2 bedrooms and 1 bathroom