Renovated Two-Unit
1237 S 73rd STREET, West Allis, WI 53214
For Sale
$394,000
Pending
Separate lower and upper apartments offer updated kitchens, refreshed baths, and new central air conditioning.
Property Size2,256 SF
Days on Market8
Property Features for 1237 S 73rd STREET
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
central A/C
Building Details
Year Built
Buildings
Listing Agency:
Homestead Realty, Inc
Listed By:
Christopher Poniewaz · License #85955-94
(414) 238-5380
Source:
Exsellexperts
Added: Oct 31
Changed: Nov 6
Last Checked: Nov 6 at 2:31PM
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 Homestead Realty, Inc
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Investment Insights
Based on property information with market context.
This duplex contains a three-bedroom lower apartment and a two-bedroom upper apartment with an additional bonus room. Both units have been renovated, with new flooring and carpet, contemporary kitchens featuring quartz counters and stainless steel appliances, and bathrooms finished with custom tile surrounds. New central air conditioning serves the property.
Built in 1920, the building measures 2,256 square feet. Its two-unit layout pairs a larger three-bedroom residence with a two-bedroom unit that includes bonus space.
Built in 1920, the building measures 2,256 square feet. Its two-unit layout pairs a larger three-bedroom residence with a two-bedroom unit that includes bonus space.
Key Highlights
- Two units: a 3‑bedroom lower apartment and a 2‑bedroom upper apartment with bonus room
- 2,256‑square‑foot duplex built in 1920
- Recently renovated interiors with new flooring and carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,176
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,520
$483.5K
Cap Rate 7%
$345,371
$345.4K
Cap Rate 9%
$268,622
$268.6K
Market Conditions
NOI Build-Up for 2,256 SF
Gross rent
$36.5K $16.20/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$34.5K $15.31/SF
− OpEx
−$10.4K −$4.59/SF
NOI
$24.2K $10.72/SF
Area
Milwaukee County, WI
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,520
Cap Rate 7%
$345,371
Cap Rate 9%
$268,622
Alternative Uses
Best Use
Multifamily LT 5
$345.4K
$302.2K – $402.9K
NOI $24,176 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$308.5K
$270.0K – $359.9K
NOI $21,596 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$535.0K
$468.1K – $624.2K
NOI $37,449 @ 7.0% cap · market cap 9.50%
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
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 53214, WI
34,297
Population
17,530
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
4,831
Density / Sq Mi
$62,712
Median Household Income
$46,304
Median Earnings
$999
Median Rent
$178,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Milwaukee County, WI
Properties on Market for Duplexes in Milwaukee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate lower and upper apartments offer updated kitchens, refreshed baths, and new central air conditioning.
Where is this duplex located?
The property is located at 1237 S 73rd STREET West Allis, WI.
What is the asking price?
The asking price for this property is $394,000.
What are key features of this property?
This property features: Two units: a 3‑bedroom lower apartment and a 2‑bedroom upper apartment with bonus room; 2,256‑square‑foot duplex built in 1920; Recently renovated interiors with new flooring and carpet
