Riverfront
For Sale
$425,000
Pending
1200 E Vienna AVENUE Unit 1200A, Milwaukee, WI 53212
Two apartments feature separate laundry, hardwood flooring, and a two-car garage.
Property Size2,116 SF
Days on Market17
Property Features for 1200 E Vienna AVENUE Unit 1200A
General Information
Standard status
Pending
Size
2,116 SF
Total Parking Spaces
2
Property subtype
Multi Family
Site & Location
Neighborhood
Riverwest
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
separate laundry
secluded deck
Building Details
Year Built
1926
Buildings
1
Listing Agency:
Lannon Stone Realty LLC
Listed By:
Kyle Clements
(414) 858-8444
Source:
Gojimmer
Added: Oct 19
Changed: Nov 3
Last Checked: Nov 4 at 7:23AM
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 Lannon Stone Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1926, this 2,116-square-foot duplex contains two apartments, each with two bedrooms and one bathroom. Hardwood floors and crown molding appear in both units; the upper apartment also has a built-in with stained glass. Separate laundry serves the property, and a two-car garage provides parking. The wooded backyard includes a deck with river views, and the property has Milwaukee River frontage.
The duplex is at the end of a dead-end street in Milwaukee, near Kern and Estabrook Parks and nearby biking and walking trails.
The duplex is at the end of a dead-end street in Milwaukee, near Kern and Estabrook Parks and nearby biking and walking trails.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 2,116 square feet; built in 1926
- Milwaukee River frontage and wooded backyard with a deck overlooking the river
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.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,069
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments feature separate laundry, hardwood flooring, and a two-car garage.
Where is this duplex located?
The property is located at 1200 E Vienna AVENUE Unit 1200A 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 apartments, each with 2 bedrooms and 1 bathroom; 2,116 square feet; built in 1926; Milwaukee River frontage and wooded backyard with a deck overlooking the river
