Updated Duplex With
1500 E Oklahoma Ave Unit 1502, Milwaukee, WI 53207
For Sale
$499,900
Two-unit property with refreshed kitchens, bathrooms, porches, and in-unit laundry in Milwaukee’s Bay View area.
Property Size2,306 SF
Price / SF$216.78
Days on Market56
Property Features for 1500 E Oklahoma Ave Unit 1502
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Amenities
in-unit laundry
Building Details
Year Built
Tenancy
Listing Agency:
@properties
Listed By:
Daniel Kroll · License WI #5847690
(262) 308-4508
Source:
Jwregwi
Added: Sep 20
Changed: Nov 12
Last Checked: Oct 7 at 4:33PM
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 @properties
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Investment Insights
Based on property information with market context.
This 2,306-square-foot duplex, built in 1924, offers two residential units with updated kitchens and bathrooms, newer luxury vinyl plank flooring, and in-unit laundry. Additional improvements include updated plumbing, fixtures, and appliances, along with refreshed porches and a balcony finished with composite decking. Each unit has newer AC equipment installed in 2020, and the lower unit received a new dishwasher in 2025.
The property is located at 1500 E Oklahoma Ave Unit 1502 in Milwaukee’s Bay View area, approximately 0.3 miles from Humboldt Park and its trails, lagoons, pavilion, picnic areas, and outdoor music stage. Access to 794 is also available. Parking includes a 2-car garage and an additional parking pad. The garage roof was replaced in 2025.
The property is located at 1500 E Oklahoma Ave Unit 1502 in Milwaukee’s Bay View area, approximately 0.3 miles from Humboldt Park and its trails, lagoons, pavilion, picnic areas, and outdoor music stage. Access to 794 is also available. Parking includes a 2-car garage and an additional parking pad. The garage roof was replaced in 2025.
Key Highlights
- 2,306 SF duplex built in 1924
- Located 0.3 miles from Humboldt Park
- 2‑car garage plus an extra parking pad
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,196
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,920
$463.9K
Cap Rate 7%
$331,371
$331.4K
Cap Rate 9%
$257,733
$257.7K
Market Conditions
NOI Build-Up for 2,306 SF
Gross rent
$34.6K $15.00/SF
− Vacancy
−$1.5K −$0.63/SF
EGI
$33.1K $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%
$463,920
Cap Rate 7%
$331,371
Cap Rate 9%
$257,733
Alternative Uses
Best Use
Multifamily LT 5
$331.4K
$290.0K – $386.6K
NOI $23,196 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$306.8K
$268.5K – $358.0K
NOI $21,478 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$554.2K
$484.9K – $646.5K
NOI $38,791 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
Explore this area
Business Placement
Demographics for 53207, WI
34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed kitchens, bathrooms, porches, and in-unit laundry in Milwaukee’s Bay View area.
Where is this duplex located?
The property is located at 1500 E Oklahoma Ave Unit 1502 Milwaukee, WI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,306 SF duplex built in 1924; Located 0.3 miles from Humboldt Park; 2‑car garage plus an extra parking pad
