Historic Duplex with Skyline
New
For Sale
$369,000
140 E Vine St, Milwaukee, WI 53212
1890 construction with a remodeled first-floor kitchen and preserved interior character.
Property Size1,745 SF
Price / SF$211.46
Days on Market2
Property Features for 140 E Vine St
General Information
Standard status
Active
Size
1,745 SF
Property subtype
Multi-Family
Building Details
Year Built
1890
Listing Agency:
Paramount Realty, LLC
Listed By:
Jacob Heinitz · License #40062
(262) 224-4570
Source:
Housesthatshine
Added: Sep 2
Last Checked: Sep 2 at 1:58PM
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 Paramount Realty, LLC
Investment Insights
Based on property information with market context.
This 1,745-square-foot duplex, built in 1890, presents a distinctive Stick style exterior with decorative peaks, porches, and cream city brick chimneys. The first-floor unit features a remodeled white kitchen, an open living and dining arrangement, hardwood floors, substantial moldings, and a fireplace. Upstairs, the second unit includes a front sitting room, an additional bedroom, and an open-plan layout.
Both units capture city skyline views, while the property backs onto Sanger Gardens. The address is 140 E Vine St in Milwaukee’s Brewers Hill area, with street parking available nearby. The Deer District, Eastside, and North Avenue corridor are described as being within steps of the property.
Both units capture city skyline views, while the property backs onto Sanger Gardens. The address is 140 E Vine St in Milwaukee’s Brewers Hill area, with street parking available nearby. The Deer District, Eastside, and North Avenue corridor are described as being within steps of the property.
Key Highlights
- 1,745‑square‑foot duplex built in 1890
- Distinctive Stick style exterior with decorative peaks and porches
- Cream city brick chimneys and historic interior detailing
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
$17,553
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
4.76%
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%
$351,060
$351.1K
Cap Rate 7%
$250,757
$250.8K
Cap Rate 9%
$195,033
$195.0K
Market Conditions
NOI Build-Up for 1,745 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
$26.2K $15.00/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$25.1K $14.37/SF
− OpEx
−$7.5K −$4.31/SF
NOI
$17.6K $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%
$351,060
Cap Rate 7%
$250,757
Cap Rate 9%
$195,033
Alternative Uses
Best Use
Multifamily LT 5
$250.8K
$219.4K – $292.6K
NOI $17,553 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$232.2K
$203.2K – $270.9K
NOI $16,253 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$419.3K
$366.9K – $489.2K
NOI $29,354 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,825
Businesses Nearby
Explore this area
Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
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 - 1890 construction with a remodeled first-floor kitchen and preserved interior character.
Where is this duplex located?
The property is located at 140 E Vine St Milwaukee, WI.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 1,745‑square‑foot duplex built in 1890; Distinctive Stick style exterior with decorative peaks and porches; Cream city brick chimneys and historic interior detailing
