Two-Unit Duplex with New
1132-1130 E Walworth St, Milwaukee, WI 53212
For Sale
$399,900
Two distinct floor plans include private outdoor space and a fenced yard with patio and raised planting beds.
Property Size2,290 SF
Price / SF$174.63
Days on Market12
Property Features for 1132-1130 E Walworth St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
fenced yard
patio
Listing Agency:
Firefly Real Estate, LLC
Listed By:
Mary Smith
(414) 234-8814
Source:
Exprealty
Added: Oct 29
Changed: Nov 6
Last Checked: Nov 8 at 10:28AM
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 Firefly Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 2,290-square-foot duplex has two units: a three-bedroom, one-bath residence on the main level and a two-bedroom, one-bath unit above. Both have recently updated kitchens and bathrooms. Original woodwork, hardwood flooring, built-in features, and formal dining rooms contribute to the interiors. The upper unit also includes a private balcony and access to a walk-up attic.
The double lot is fully fenced and includes a yard, patio, and raised garden beds. A new two-car garage and a separate three-car parking slab provide on-site vehicle space. The property is near walking paths along the Milwaukee River, with a grocery store, gas station, bars, and restaurants within walking distance. The Oak Leaf Trail is nearby, with biking access toward downtown and the lakefront.
The double lot is fully fenced and includes a yard, patio, and raised garden beds. A new two-car garage and a separate three-car parking slab provide on-site vehicle space. The property is near walking paths along the Milwaukee River, with a grocery store, gas station, bars, and restaurants within walking distance. The Oak Leaf Trail is nearby, with biking access toward downtown and the lakefront.
Key Highlights
- Two units: 3 bedrooms and 1 bath downstairs; 2 bedrooms and 1 bath upstairs
- 2,290 square feet
- Recently updated kitchens and bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,035
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,700
$460.7K
Cap Rate 7%
$329,071
$329.1K
Cap Rate 9%
$255,944
$255.9K
Market Conditions
NOI Build-Up for 2,290 SF
Gross rent
$34.4K $15.00/SF
− Vacancy
−$1.4K −$0.63/SF
EGI
$32.9K $14.37/SF
− OpEx
−$9.9K −$4.31/SF
NOI
$23.0K $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%
$460,700
Cap Rate 7%
$329,071
Cap Rate 9%
$255,944
Alternative Uses
Best Use
Multifamily LT 5
$329.1K
$287.9K – $383.9K
NOI $23,035 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$304.7K
$266.6K – $355.5K
NOI $21,329 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$550.3K
$481.5K – $642.0K
NOI $38,521 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,262
Businesses Nearby
Explore this area
Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct floor plans include private outdoor space and a fenced yard with patio and raised planting beds.
Where is this duplex located?
The property is located at 1132-1130 E Walworth St Milwaukee, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two units: 3 bedrooms and 1 bath downstairs; 2 bedrooms and 1 bath upstairs; 2,290 square feet; Recently updated kitchens and bathrooms in both units
