Remodeled Duplex with Updated
For Sale
$339,900
1711 E Belleview Pl, Milwaukee, WI 53211
Two-family property with renovated kitchens, refreshed bathrooms, new flooring, and improvements to shared exterior areas.
Property Size1,714 SF
Price / SF$198.31
Days on Market40
Property Features for 1711 E Belleview Pl
General Information
Standard status
Active
Size
1,714 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1893
Listing Agency:
Dream House Realties
(414) 377-1832
Listed By:
Emmad Jamaleddin · License #5861890
Source:
Nikolicgroup
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 29 at 8:57PM
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 Dream House Realties
Investment Insights
Based on property information with market context.
This two-family duplex contains 1,714 square feet and was built in 1893. The upper residence has a remodeled kitchen with granite countertops and new appliances, along with a renovated bathroom featuring updated fixtures, a tub, and a vanity. New vinyl plank flooring, bedroom carpeting, solid interior doors, and fresh paint complete the unit’s interior updates.
The lower residence also offers a remodeled kitchen with granite counters and updated cabinet hardware, plus a refreshed bathroom with a new vanity and fixtures. Exterior improvements include new front and rear porches, a concrete slab, gutters, and a secure fence gate. The property is located at 1711 E Belleview Pl in Milwaukee, Wisconsin.
The lower residence also offers a remodeled kitchen with granite counters and updated cabinet hardware, plus a refreshed bathroom with a new vanity and fixtures. Exterior improvements include new front and rear porches, a concrete slab, gutters, and a secure fence gate. The property is located at 1711 E Belleview Pl in Milwaukee, Wisconsin.
Key Highlights
- 1,714‑square‑foot duplex built in 1893
- Upper unit includes remodeled kitchen, new appliances, vinyl plank flooring, and renovated bathroom
- Lower unit features remodeled kitchen and refreshed bathroom
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
$17,241
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
5.07%
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%
$344,820
$344.8K
Cap Rate 7%
$246,300
$246.3K
Cap Rate 9%
$191,567
$191.6K
Market Conditions
NOI Build-Up for 1,714 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
$25.7K $15.00/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$24.6K $14.37/SF
− OpEx
−$7.4K −$4.31/SF
NOI
$17.2K $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%
$344,820
Cap Rate 7%
$246,300
Cap Rate 9%
$191,567
Alternative Uses
Best Use
Multifamily LT 5
$246.3K
$215.5K – $287.4K
NOI $17,241 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$228.1K
$199.6K – $266.1K
NOI $15,964 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$411.9K
$360.4K – $480.5K
NOI $28,832 @ 7.0% cap · market cap 8.48%
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
1,908
Businesses Nearby
Explore this area
Business Placement
Demographics for 53211, WI
36,327
Population
16,346
Households
2.2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
4.0 sq mi
ZIP Area
9,082
Density / Sq Mi
$76,206
Median Household Income
$40,214
Median Earnings
$1,225
Median Rent
$413,500
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-family property with renovated kitchens, refreshed bathrooms, new flooring, and improvements to shared exterior areas.
Where is this duplex located?
The property is located at 1711 E Belleview Pl Milwaukee, WI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 1,714‑square‑foot duplex built in 1893; Upper unit includes remodeled kitchen, new appliances, vinyl plank flooring, and renovated bathroom; Lower unit features remodeled kitchen and refreshed bathroom
