Updated Two-Unit
New
For Sale
$305,000
1340 N 55th St, Milwaukee, WI 53208
Two apartments each provide two bedrooms and a full bathroom, with refreshed finishes in kitchens and the upper unit.
Property Size1,738 SF
Price / SF$175.49
Days on Market2
Property Features for 1340 N 55th St
General Information
Standard status
Active
Size
1,738 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1926
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Don Cornelius · License #23221
(414) 559-1835
Source:
Nikolicgroup
Added: Sep 26
Last Checked: Sep 26 at 2:59PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This Milwaukee duplex, built in 1926, contains 1,738 square feet across two units. Each apartment has two bedrooms and one full bathroom. Recent interior work includes new carpet upstairs, luxury vinyl plank flooring in both kitchens, and fresh paint throughout.
The property is at 1340 N 55th St in Milwaukee, near parks, shopping, dining, and schools, with freeway access nearby.
The property is at 1340 N 55th St in Milwaukee, near parks, shopping, dining, and schools, with freeway access nearby.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 1,738 square feet; built in 1926
- New luxury vinyl plank flooring in both kitchens
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
$17,483
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
5.73%
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%
$349,660
$349.7K
Cap Rate 7%
$249,757
$249.8K
Cap Rate 9%
$194,256
$194.3K
Market Conditions
NOI Build-Up for 1,738 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
$26.1K $15.00/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$25.0K $14.37/SF
− OpEx
−$7.5K −$4.31/SF
NOI
$17.5K $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%
$349,660
Cap Rate 7%
$249,757
Cap Rate 9%
$194,256
Alternative Uses
Best Use
Multifamily LT 5
$249.8K
$218.5K – $291.4K
NOI $17,483 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$231.3K
$202.4K – $269.8K
NOI $16,188 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$417.7K
$365.5K – $487.3K
NOI $29,236 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 53208, WI
29,644
Population
13,778
Households
2.2
Avg Household Size
33
Median Age
31%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
7,058
Density / Sq Mi
$50,585
Median Household Income
$40,729
Median Earnings
$924
Median Rent
$196,300
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?
Duplex - Two apartments each provide two bedrooms and a full bathroom, with refreshed finishes in kitchens and the upper unit.
Where is this duplex located?
The property is located at 1340 N 55th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 1,738 square feet; built in 1926; New luxury vinyl plank flooring in both kitchens
