Riverfront Duplex with
New
For Sale
$425,000
1200 E Vienna Ave, Milwaukee, WI 53212
Both residences have two bedrooms, hardwood floors, and separate laundry.
Property Size2,116 SF
Price / SF$200.85
Days on Market5
Property Features for 1200 E Vienna Ave
General Information
Standard status
Active
Size
2,116 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
separate laundry
deck
Building Details
Year Built
1926
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 6:52PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1926, this 2,116-square-foot duplex contains two residences, each with two bedrooms and one bathroom. Hardwood floors and crown molding add period detail, while the upper unit features a built-in with stained glass. Separate laundry serves the property, and a two-car garage provides vehicle storage.
The property has Milwaukee River frontage and a wooded backyard with a deck overlooking the river. It sits at the end of a dead-end street near Kern and Estabrook Parks and miles of walking and biking trails.
The property has Milwaukee River frontage and a wooded backyard with a deck overlooking the river. It sits at the end of a dead-end street near Kern and Estabrook Parks and miles of walking and biking trails.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,116 square feet; built in 1926
- Milwaukee River frontage with deck and river views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,285
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,700
$425.7K
Cap Rate 7%
$304,071
$304.1K
Cap Rate 9%
$236,500
$236.5K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$31.7K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$30.4K $14.37/SF
− OpEx
−$9.1K −$4.31/SF
NOI
$21.3K $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%
$425,700
Cap Rate 7%
$304,071
Cap Rate 9%
$236,500
Alternative Uses
Best Use
Multifamily LT 5
$304.1K
$266.1K – $354.8K
NOI $21,285 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$281.5K
$246.4K – $328.5K
NOI $19,708 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$508.5K
$444.9K – $593.3K
NOI $35,595 @ 7.0% cap · market cap 8.38%
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
1,069
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
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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 - Both residences have two bedrooms, hardwood floors, and separate laundry.
Where is this duplex located?
The property is located at 1200 E Vienna Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 2,116 square feet; built in 1926; Milwaukee River frontage with deck and river views
