Three-Unit Triplex with
For Sale
$239,900
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$126.06
Days on Market51
Property Features for 1327 W Orchard St
General Information
Standard status
Active
Size
1,903 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Historic Mitchell Street
Building Details
Year Built
1890
Listing Agency:
Joseph Scott Real Estate LLC
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 3 at 5:55AM
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 Joseph Scott Real Estate LLC
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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 / Yr
$19,142
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
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
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 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 7.98%
Second Best
Apartment 5plus
$253.2K
$221.6K – $295.4K
NOI $17,724 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$457.3K
$400.2K – $533.5K
NOI $32,012 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,545
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
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 $239,900.
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
