Updated Upper-Lower
New
For Sale
$239,900
6160 N 36th St Unit 6162, Milwaukee, WI 53209
Two-level duplex with renovated interiors, updated mechanical systems, and a fenced outdoor area.
Property Size1,013 SF
Price / SF$236.82
Days on Market4
Property Features for 6160 N 36th St Unit 6162
General Information
Standard status
Active
Size
1,013 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
fenced yard
Building Details
Year Built
1964
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Don Cornelius · License #23221
(414) 559-1835
Source:
Jwregwi
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 17 at 5:32AM
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.
Built in 1964, this upper-and-lower duplex includes updated kitchens in both units, along with new toilets and sinks. Fresh interior paint and vinyl flooring provide consistent finishes throughout the property. Water heaters were replaced in 2024, and furnaces were updated in 2025. A fenced yard adds outdoor space for recreation or entertaining.
The property is positioned near shopping, schools, and transportation in Milwaukee. It is offered for sale as-is, giving buyers a clear opportunity to evaluate the completed improvements and remaining property needs.
The property is positioned near shopping, schools, and transportation in Milwaukee. It is offered for sale as-is, giving buyers a clear opportunity to evaluate the completed improvements and remaining property needs.
Key Highlights
- Upper‑and‑lower duplex configuration
- Both units include updated kitchens, new toilets, and new sinks
- Vinyl flooring and fresh paint throughout
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
$10,502
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
4.38%
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%
$210,040
$210.0K
Cap Rate 7%
$150,029
$150.0K
Cap Rate 9%
$116,689
$116.7K
Market Conditions
NOI Build-Up for 1,013 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
$16.0K $15.84/SF
− Vacancy
−$1.0K −$1.03/SF
EGI
$15.0K $14.81/SF
− OpEx
−$4.5K −$4.44/SF
NOI
$10.5K $10.37/SF
Area
ZIP 53209
Vacancy
6.50%
Lease Rate
$15.84 /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%
$210,040
Cap Rate 7%
$150,029
Cap Rate 9%
$116,689
Alternative Uses
Best Use
Multifamily LT 5
$150.0K
$131.3K – $175.0K
NOI $10,502 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$139.5K
$122.0K – $162.7K
NOI $9,762 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$243.4K
$213.0K – $284.0K
NOI $17,040 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 53209, WI
44,586
Population
21,466
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,090
Density / Sq Mi
$45,288
Median Household Income
$33,854
Median Earnings
$980
Median Rent
$150,200
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-level duplex with renovated interiors, updated mechanical systems, and a fenced outdoor area.
Where is this duplex located?
The property is located at 6160 N 36th St Unit 6162 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: Upper‑and‑lower duplex configuration; Both units include updated kitchens, new toilets, and new sinks; Vinyl flooring and fresh paint throughout
