Duplex with Included
For Sale
$170,000
2808 N 57th St Unit 2810, Milwaukee, WI 53210
Two-unit residential property with a long-standing occupant in the lower unit and appliances serving both residences.
Property Size1,206 SF
Price / SF$140.96
Days on Market40
Property Features for 2808 N 57th St Unit 2810
General Information
Standard status
Active
Size
1,206 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1927
Buildings
1
Listing Agency:
Realty Dynamics
(414) 771-3500
Listed By:
Michael Larson
Source:
Jwregwi
Added: Jul 24
Changed: Aug 30
Last Checked: Aug 31 at 6:49PM
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 Realty Dynamics
Investment Insights
Based on property information with market context.
This duplex includes two residential units, with the lower residence occupied for several years. Two stoves and two refrigerators are included with the property, supporting separate kitchen setups for each unit.
Constructed in 1927, the property is located at 2808 N 57th St Unit 2810 in Milwaukee, Wisconsin. Its two-unit configuration offers an owner-occupant arrangement or continued residential income use.
Constructed in 1927, the property is located at 2808 N 57th St Unit 2810 in Milwaukee, Wisconsin. Its two-unit configuration offers an owner-occupant arrangement or continued residential income use.
Key Highlights
- Two‑unit duplex configuration
- Lower unit occupied for several years
- Two stoves included
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
$12,131
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
7.14%
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%
$242,620
$242.6K
Cap Rate 7%
$173,300
$173.3K
Cap Rate 9%
$134,789
$134.8K
Market Conditions
NOI Build-Up for 1,206 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
$18.1K $15.00/SF
− Vacancy
−$760 −$0.63/SF
EGI
$17.3K $14.37/SF
− OpEx
−$5.2K −$4.31/SF
NOI
$12.1K $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%
$242,620
Cap Rate 7%
$173,300
Cap Rate 9%
$134,789
Alternative Uses
Best Use
Multifamily LT 5
$173.3K
$151.6K – $202.2K
NOI $12,131 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$160.5K
$140.4K – $187.2K
NOI $11,233 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$289.8K
$253.6K – $338.1K
NOI $20,287 @ 7.0% cap · market cap 11.93%
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
1,206
Businesses Nearby
Explore this area
Business Placement
Demographics for 53210, WI
25,588
Population
11,005
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
9,842
Density / Sq Mi
$45,268
Median Household Income
$35,797
Median Earnings
$1,044
Median Rent
$153,400
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-unit residential property with a long-standing occupant in the lower unit and appliances serving both residences.
Where is this duplex located?
The property is located at 2808 N 57th St Unit 2810 Milwaukee, WI.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Lower unit occupied for several years; Two stoves included
