Fire-Damaged Duplex
For Sale
Contact for pricing
Pending
1315 W Finn Pl, Milwaukee, WI 53206
Two-unit residential property requiring renovation and offered in its current condition.
Property Size1,802 SF
Days on Market76
Property Features for 1315 W Finn Pl
General Information
Standard status
Pending
Size
1,802 SF
Property subtype
Residential Income
Property Condition
Severity
Major Repairs Needed
Evidence
fire damaged
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,589
Listing Agency:
Milwaukee's Best Real Estate Services LLC
(414) 949-5566
Listed By:
Tamairo Moutry · License #5672090
(414) 939-5566
Source:
Exprealty
Added: Aug 4
Changed: Oct 13
Last Checked: Oct 16 at 2:58PM
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 Milwaukee's Best Real Estate Services LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,802-square-foot duplex is a two-unit residential property with fire damage and renovation needs. The property is being offered in as-is condition, and the seller will not complete repairs before closing.
The property is identified as a 3/2 duplex and is located at 1315 W Finn Pl in Milwaukee, Wisconsin. Buyers are responsible for conducting their own due diligence regarding the building, condition, and renovation requirements.
The property is identified as a 3/2 duplex and is located at 1315 W Finn Pl in Milwaukee, Wisconsin. Buyers are responsible for conducting their own due diligence regarding the building, condition, and renovation requirements.
Key Highlights
- Duplex configuration with a 3/2 layout
- 1,802 square feet of property area
- Fire‑damaged condition requires renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,784
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,680
$335.7K
Cap Rate 7%
$239,771
$239.8K
Cap Rate 9%
$186,489
$186.5K
Market Conditions
NOI Build-Up for 1,802 SF
Gross rent
$31.8K $17.64/SF
− Vacancy
−$1.3K −$0.71/SF
EGI
$30.5K $16.93/SF
− OpEx
−$13.7K −$7.62/SF
NOI
$16.8K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,680
Cap Rate 7%
$239,771
Cap Rate 9%
$186,489
Alternative Uses
Best Use
Multifamily LT 5
$258.9K
$226.6K – $302.1K
NOI $18,126 @ 7.0% cap · market cap 60.62%
Second Best
Apartment 5plus
$239.8K
$209.8K – $279.7K
NOI $16,784 @ 7.0% cap · market cap 56.13%
Theoretical Best
Office A
$433.0K
$378.9K – $505.2K
NOI $30,313 @ 7.0% cap · market cap 101.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 53206, WI
22,816
Population
10,077
Households
2.3
Avg Household Size
32
Median Age
7%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
8,450
Density / Sq Mi
$28,995
Median Household Income
$25,655
Median Earnings
$998
Median Rent
$70,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property requiring renovation and offered in its current condition.
Where is this duplex located?
The property is located at 1315 W Finn Pl Milwaukee, WI.
What are key features of this property?
This property features: Duplex configuration with a 3/2 layout; 1,802 square feet of property area; Fire‑damaged condition requires renovation
