Two-Duplex Income
104 East Clarence Street Unit 106 Milwaukee, WI 53207
For Sale
$599,000
Two duplexes on one lot plus an additional slabbed lot for six-car parking, generating current monthly income.
Property Size2,964 SF
Price / SF$202.09
Days on Market178
Property Features for 104 East Clarence Street Unit 106
General Information
- Standard status
- Active
- Size
- 2,964 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1892
Listing Agency:
RE/MAX Service First
(414) 810-8450
Listed By:
Rodolfo Garcia-Garcia · License #86176-94
(414) 810-8450
Source:
Compass
Added: Jan 27
Changed: Jul 23
Last Checked: Jul 23 at 8:53AM
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 RE/MAX Service First
Investment Insights
Based on property information with market context.
This one-of-a-kind Bay View income property includes two duplexes on one lot, along with an additional southwest lot that is fully slabbed for six-car parking. The front duplex offers two spacious units, each with 2 bedrooms plus a den, updated kitchens and baths completed in 2023, LVP flooring, walkouts to the deck, exterior basement access, and a clean, open basement. The rear duplex has been fully remodeled, featuring a lower unit with vaulted ceilings, bamboo floors, a skylight, a granite kitchen with breakfast bar, a spa-like bath with heated floors, a private basement, and in-unit laundry, as well as an upper unit with open-concept layout and updated finishes.
The property is described as being just minutes from the freeway, shopping, dining, and Lake Michigan. It is currently generating $4,585 per month, with 3 of the 4 units operating on a month-to-month basis.
The property is described as being just minutes from the freeway, shopping, dining, and Lake Michigan. It is currently generating $4,585 per month, with 3 of the 4 units operating on a month-to-month basis.
Key Highlights
- Currently generating $4,585/mo; 3/4 tenants are month‑to‑month (MTM)
- Two duplexes on one lot plus an additional southwest lot with a fully slabbed 6‑car parking area
- Front duplex: two units with 2 bedrooms plus a den; updated kitchens and baths (2023) and LVP flooring
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.5k | $15.00 |
| − Vacancy | −$1.9k | −$0.63 |
| EGI | $42.6k | $14.37 |
| − OpEx | −$12.8k | −$4.31 |
| NOI | $29.8k | $10.06 |
2,964 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$425.9K
$372.7K – $496.9K
NOI $29,815 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$394.4K
$345.1K – $460.1K
NOI $27,606 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$712.3K
$623.2K – $831.0K
NOI $49,859 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two duplexes on one lot plus an additional slabbed lot for six-car parking, generating current monthly income.
Where is this duplex located?
The property is located at 104 East Clarence Street Unit 106 Milwaukee, WI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Currently generating $4,585/mo; 3/4 tenants are month‑to‑month (MTM); Two duplexes on one lot plus an additional southwest lot with a fully slabbed 6‑car parking area; Front duplex: two units with 2 bedrooms plus a den; updated kitchens and baths (2023) and LVP flooring
