Three-Unit Triplex with
New
For Sale
$250,000
1327 W Orchard St, Milwaukee, WI 53204
Three two-bedroom units include two occupied apartments, a vacant basement unit, and updated windows and roof.
Property Size1,903 SF
Price / SF$131.37
Days on Market5
Property Features for 1327 W Orchard St
General Information
Standard status
Active
Size
1,903 SF
Property subtype
Multi-Family
Building Details
Year Built
1890
Listing Agency:
Porch Light Property Management & Real Estate
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Sep 14
Changed: Sep 17
Last Checked: Sep 18 at 7:18AM
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 Porch Light Property Management & Real Estate
Investment Insights
Based on property information with market context.
This 1,903-square-foot triplex, built in 1890, contains three spacious two-bedroom units. The main-level and upper-level apartments are occupied, while the basement dwelling is vacant. Recent improvements include new windows and a new roof, and the mechanical systems are reported to be in good working condition.
The property is located at 1327 W Orchard St in Milwaukee’s South Side and includes a fenced yard with a parking slab accommodating 3+ cars. The existing unit configuration provides two occupied residences along with a lower-level unit ready for occupancy.
The property is located at 1327 W Orchard St in Milwaukee’s South Side and includes a fenced yard with a parking slab accommodating 3+ cars. The existing unit configuration provides two occupied residences along with a lower-level unit ready for occupancy.
Key Highlights
- Three 2‑bedroom units, including a vacant basement dwelling unit
- 1,903 SF triplex built in 1890
- Main‑level and upper‑level units are currently rented
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
$19,142
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
7.66%
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%
$382,840
$382.8K
Cap Rate 7%
$273,457
$273.5K
Cap Rate 9%
$212,689
$212.7K
Market Conditions
NOI Build-Up for 1,903 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
$28.5K $15.00/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$27.3K $14.37/SF
− OpEx
−$8.2K −$4.31/SF
NOI
$19.1K $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 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%
$382,840
Cap Rate 7%
$273,457
Cap Rate 9%
$212,689
Alternative Uses
Best Use
Multifamily LT 5
$273.5K
$239.3K – $319.0K
NOI $19,142 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$253.2K
$221.6K – $295.4K
NOI $17,724 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$457.3K
$400.2K – $533.5K
NOI $32,012 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,545
Businesses Nearby
Explore this area
Business Placement
Demographics for 53204, WI
39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
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?
Triplex - Three two-bedroom units include two occupied apartments, a vacant basement unit, and updated windows and roof.
Where is this triplex located?
The property is located at 1327 W Orchard St Milwaukee, WI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three 2‑bedroom units, including a vacant basement dwelling unit; 1,903 SF triplex built in 1890; Main‑level and upper‑level units are currently rented
