Brick Duplex with Detached
1411 Milwaukee Ave, South Milwaukee, WI 53172
For Sale
New
$289,000
Two separate two-bedroom residences include a balcony, pantry space, and off-street parking.
Property Size1,732 SF
Price / SF$166.86
Days on Market4
Property Features for 1411 Milwaukee Ave
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
central AC
balcony
Building Details
Year Built
Buildings
Construction
Listing Agency:
Century 21 Benefit Realty-Lc
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 8:24AM
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 Century 21 Benefit Realty-Lc
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Investment Insights
Based on property information with market context.
Built in 1926, this 1,732-square-foot brick duplex contains two residences, each with two bedrooms. The lower unit has natural woodwork, a dining room with a built-in china cabinet and buffet, and an updated kitchen with a dishwasher and walk-in pantry. The upper unit also features natural woodwork and pantry space, along with a balcony overlooking the yard. Central AC serves the property, and the upper unit has its own AC system.
A detached two-car garage and a parking pad provide off-street parking. The garage door was replaced in 2024. Furnaces date to 2022, while water heaters were installed in 2022 and 2025. A roof replacement is planned for the fall.
A detached two-car garage and a parking pad provide off-street parking. The garage door was replaced in 2024. Furnaces date to 2022, while water heaters were installed in 2022 and 2025. A roof replacement is planned for the fall.
Key Highlights
- Two‑unit brick duplex with 1,732 square feet
- Each residence has 2 bedrooms
- Detached two‑car garage and additional parking pad
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,561
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,220
$371.2K
Cap Rate 7%
$265,157
$265.2K
Cap Rate 9%
$206,233
$206.2K
Market Conditions
NOI Build-Up for 1,732 SF
Gross rent
$28.1K $16.20/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$26.5K $15.31/SF
− OpEx
−$8.0K −$4.59/SF
NOI
$18.6K $10.72/SF
Area
Milwaukee County, WI
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,220
Cap Rate 7%
$265,157
Cap Rate 9%
$206,233
Alternative Uses
Best Use
Multifamily LT 5
$265.2K
$232.0K – $309.4K
NOI $18,561 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$236.9K
$207.3K – $276.3K
NOI $16,580 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$410.7K
$359.4K – $479.2K
NOI $28,750 @ 7.0% cap · market cap 9.95%
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
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 53172, WI
20,795
Population
9,150
Households
2.3
Avg Household Size
42
Median Age
28%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
4,332
Density / Sq Mi
$70,146
Median Household Income
$42,958
Median Earnings
$1,014
Median Rent
$216,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Milwaukee County, WI
Properties on Market for Duplexes in Milwaukee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate two-bedroom residences include a balcony, pantry space, and off-street parking.
Where is this duplex located?
The property is located at 1411 Milwaukee Ave South Milwaukee, WI.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑unit brick duplex with 1,732 square feet; Each residence has 2 bedrooms; Detached two‑car garage and additional parking pad
