Updated Two-Unit
1340 N 55th St, Milwaukee, WI 53208
For Sale
$315,000
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$181.24
Days on Market50
Property Features for 1340 N 55th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty
Listed By:
Don Cornelius · License WI #23221
(414) 559-1835
Source:
Nikolicgroup
Added: Sep 26
Changed: Nov 11
Last Checked: Oct 7 at 2:43PM
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
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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 / Yr
$17,483
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
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
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 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 5.55%
Second Best
Apartment 5plus
$231.3K
$202.4K – $269.8K
NOI $16,188 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$417.7K
$365.5K – $487.3K
NOI $29,236 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
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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
$196,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
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 $315,000.
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
