Brick Duplex With Updated
For Sale
$370,000
1313 Marquette Ave, South Milwaukee, WI 53172
Two-unit residential property with remodeled kitchens and baths, a basement laundry area, and an attached garage.
Property Size1,942 SF
Price / SF$190.53
Days on Market24
Property Features for 1313 Marquette Ave
General Information
Standard status
Active
Size
1,942 SF
Total Parking Spaces
1
Property subtype
Residential Income
Additional Details
Gross Income
$42,600
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,044
Building Details
Buildings
1
Construction
brick
Listing Agency:
Realty of America LLC
(414) 810-8450
Listed By:
Rodolfo Garcia-Garcia · License #8617694
(414) 810-8450
Source:
Exprealty
Added: Jul 30
Changed: Aug 20
Last Checked: Aug 21 at 12:25PM
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 Realty of America LLC
Investment Insights
Based on property information with market context.
This brick duplex offers 1,942 square feet across two residential units on a large lot. The main-level residence includes 3 bedrooms, an office, living and dining rooms, a remodeled kitchen and bath, pantry, and an attached 1-car garage. The upper unit provides 3 bedrooms plus a walkthrough 4th bedroom, along with living and dining rooms and updated kitchen and bath finishes.
Property improvements include newer furnaces, new electrical panels, and a water heater, with all improvements completed with permits. A basement shared by the units includes washer and dryer facilities. The property is located at 1313 Marquette Ave in South Milwaukee, Wisconsin.
Property improvements include newer furnaces, new electrical panels, and a water heater, with all improvements completed with permits. A basement shared by the units includes washer and dryer facilities. The property is located at 1313 Marquette Ave in South Milwaukee, Wisconsin.
Key Highlights
- 1,942 square feet across two residential units
- Main unit includes 3 bedrooms, office, pantry, remodeled kitchen and bath, and attached 1‑car garage
- Upper unit has 3 bedrooms plus a walkthrough 4th bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,811
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$416,220
$416.2K
Cap Rate 7%
$297,300
$297.3K
Cap Rate 9%
$231,233
$231.2K
Market Conditions
NOI Build-Up for 1,942 SF
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.
Gross rent
$31.5K $16.20/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$29.7K $15.31/SF
− OpEx
−$8.9K −$4.59/SF
NOI
$20.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$416,220
Cap Rate 7%
$297,300
Cap Rate 9%
$231,233
Alternative Uses
Best Use
Multifamily LT 5
$297.3K
$260.1K – $346.9K
NOI $20,811 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$265.6K
$232.4K – $309.9K
NOI $18,591 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$460.5K
$403.0K – $537.3K
NOI $32,236 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 53172, WI
20,795
Population
9,150
Households
2.3
Avg Household Size
42
Median Age
28%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
4,332
Density / Sq Mi
$70,146
Median Household Income
$42,958
Median Earnings
$1,014
Median Rent
$216,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with remodeled kitchens and baths, a basement laundry area, and an attached garage.
Where is this duplex located?
The property is located at 1313 Marquette Ave South Milwaukee, WI.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1,942 square feet across two residential units; Main unit includes 3 bedrooms, office, pantry, remodeled kitchen and bath, and attached 1‑car garage; Upper unit has 3 bedrooms plus a walkthrough 4th bedroom
