Duplex with Victorian
New
For Sale
$469,900
1021 E Pearson St, Milwaukee, WI 53202
Two units offer distinct layouts, including a main-floor den and an upper-level dressing room.
Property Size1,860 SF
Price / SF$252.63
Days on Market4
Property Features for 1021 E Pearson St
General Information
Standard status
Active
Size
1,860 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1885
Buildings
1
Construction
Folk Victorian
Listing Agency:
Lake Country Flat Fee
Listed By:
Joseph Jewell · License #28129
(262) 305-0346
Source:
Milwaukeeforeverhome
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 3:51PM
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 Lake Country Flat Fee
Investment Insights
Based on property information with market context.
Built in 1885, this 1,860-square-foot duplex has two separate living units. The main-floor residence includes a foyer, oak staircase, den with built-in shelving, living room with stove hookup, updated kitchen with custom cabinets and an eating area, one bedroom, and a full bath. Upstairs are two bedrooms, a dressing room and large closet in one bedroom, a living area, kitchen, and bathroom with an original tub. The attic is partly finished as office space, and the Cream City brick basement provides storage.
Outdoor features include a deck and a landscaped yard with perennial plantings. The property is located at 1021 E Pearson St in Milwaukee, Wisconsin.
Outdoor features include a deck and a landscaped yard with perennial plantings. The property is located at 1021 E Pearson St in Milwaukee, Wisconsin.
Key Highlights
- Two‑unit duplex; built in 1885
- 1,860 square feet
- Main‑floor unit includes a den with built‑in shelving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,710
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,200
$374.2K
Cap Rate 7%
$267,286
$267.3K
Cap Rate 9%
$207,889
$207.9K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$27.9K $15.00/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$26.7K $14.37/SF
− OpEx
−$8.0K −$4.31/SF
NOI
$18.7K $10.06/SF
Area
Milwaukee, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,200
Cap Rate 7%
$267,286
Cap Rate 9%
$207,889
Alternative Uses
Best Use
Multifamily LT 5
$267.3K
$233.9K – $311.8K
NOI $18,710 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$247.5K
$216.6K – $288.7K
NOI $17,324 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$447.0K
$391.1K – $521.5K
NOI $31,288 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 53202, WI
27,897
Population
18,629
Households
1.5
Avg Household Size
31
Median Age
66%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
13,284
Density / Sq Mi
$68,482
Median Household Income
$52,339
Median Earnings
$1,234
Median Rent
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two units offer distinct layouts, including a main-floor den and an upper-level dressing room.
Where is this duplex located?
The property is located at 1021 E Pearson St Milwaukee, WI.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two‑unit duplex; built in 1885; 1,860 square feet; Main‑floor unit includes a den with built‑in shelving
