Two-Unit Duplex with Hardwood
For Sale
$349,000
1368 N 60th St, Milwaukee, WI 53208
One apartment is occupied, while the second is scheduled to be vacant for flexible use.
Property Size2,308 SF
Price / SF$151.21
Days on Market48
Property Features for 1368 N 60th St
General Information
Standard status
Active
Size
2,308 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Hawthorne Glen
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1918
Listing Agency:
Keller Williams Milwaukee North Shore
Listed By:
Falk Ruvin Gallagher Team* · License #4842090
(414) 914-5300
Source:
Levelupwi
Added: Sep 18
Changed: Oct 25
Last Checked: Oct 7 at 3:47PM
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 Keller Williams Milwaukee North Shore
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Investment Insights
Based on property information with market context.
Built in 1918, this 2,308-square-foot duplex contains two 2-bedroom, 1-bath apartments. Both units offer hardwood flooring, high ceilings, strong natural light, and period character. The lower apartment is occupied, while the upper apartment is expected to be vacant, supporting either an owner-occupant arrangement or a fully leased configuration.
The property sits on a quiet dead-end street at 1368 N 60th St in Milwaukee, directly across from Wauwatosa. Restaurants, coffee shops, retail, murals, parks, trails, and recreational amenities are located nearby. Its two-unit layout and differing occupancy status provide a straightforward setup for residential income ownership.
The property sits on a quiet dead-end street at 1368 N 60th St in Milwaukee, directly across from Wauwatosa. Restaurants, coffee shops, retail, murals, parks, trails, and recreational amenities are located nearby. Its two-unit layout and differing occupancy status provide a straightforward setup for residential income ownership.
Key Highlights
- 2,308‑square‑foot duplex built in 1918
- Two 2‑bedroom, 1‑bath apartments
- Hardwood floors, tall ceilings, and abundant natural light in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,216
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,320
$464.3K
Cap Rate 7%
$331,657
$331.7K
Cap Rate 9%
$257,956
$258.0K
Market Conditions
NOI Build-Up for 2,308 SF
Gross rent
$34.6K $15.00/SF
− Vacancy
−$1.5K −$0.63/SF
EGI
$33.2K $14.37/SF
− OpEx
−$9.9K −$4.31/SF
NOI
$23.2K $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 Rate 5%
$464,320
Cap Rate 7%
$331,657
Cap Rate 9%
$257,956
Alternative Uses
Best Use
Multifamily LT 5
$331.7K
$290.2K – $386.9K
NOI $23,216 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$307.1K
$268.7K – $358.3K
NOI $21,497 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$554.6K
$485.3K – $647.1K
NOI $38,824 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
598
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
Frequently Asked Questions
What type of property is this?
Duplex - One apartment is occupied, while the second is scheduled to be vacant for flexible use.
Where is this duplex located?
The property is located at 1368 N 60th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,308‑square‑foot duplex built in 1918; Two 2‑bedroom, 1‑bath apartments; Hardwood floors, tall ceilings, and abundant natural light in both units
