Updated Two-Unit
New
For Sale
$500,000
1524 E Marion St, Shorewood, WI 53211
Each residence offers two bedrooms, a dedicated dining room, and its own laundry and storage areas.
Property Size2,394 SF
Price / SF$208.86
Days on Market5
Property Features for 1524 E Marion St
General Information
Standard status
Active
Size
2,394 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
upper balcony
fenced yard
garage
separate laundry and storage
Building Details
Year Built
1925
Listing Agency:
Coldwell Banker Homesale Realty - Wauwatosa
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 7:56AM
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 Homesale Realty - Wauwatosa
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Investment Insights
Based on property information with market context.
Built in 1925, this 2,394-square-foot duplex contains two two-bedroom units, each with a formal dining room. The lower apartment features refinished hardwood, natural woodwork, and a built-in china cabinet. Upstairs, a remodeled kitchen and bathroom are complemented by maple flooring, a breakfast bar, exposed Cream City brick, and a vaulted ceiling. A third-floor bonus space adds flexibility, and the property also has an upper balcony, fenced yard, and 2.5-car garage.
At 1524 E Marion St in Shorewood, the duplex is within walking distance of local shops, restaurants, and grocery stores. Each unit has separate laundry and storage.
At 1524 E Marion St in Shorewood, the duplex is within walking distance of local shops, restaurants, and grocery stores. Each unit has separate laundry and storage.
Key Highlights
- Two 2‑bedroom units in a 2,394‑square‑foot duplex built in 1925
- Upper apartment has a remodeled kitchen and bathroom, maple floors, breakfast bar, exposed Cream City brick, and vaulted ceiling
- Lower apartment includes refinished hardwood floors, natural woodwork, and a built‑in china cabinet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,655
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,100
$513.1K
Cap Rate 7%
$366,500
$366.5K
Cap Rate 9%
$285,056
$285.1K
Market Conditions
NOI Build-Up for 2,394 SF
Gross rent
$38.8K $16.20/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$36.6K $15.31/SF
− OpEx
−$11.0K −$4.59/SF
NOI
$25.7K $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%
$513,100
Cap Rate 7%
$366,500
Cap Rate 9%
$285,056
Alternative Uses
Best Use
Multifamily LT 5
$366.5K
$320.7K – $427.6K
NOI $25,655 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$327.4K
$286.5K – $382.0K
NOI $22,918 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$567.7K
$496.7K – $662.3K
NOI $39,739 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 53211, WI
36,327
Population
16,346
Households
2.2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
4.0 sq mi
ZIP Area
9,082
Density / Sq Mi
$76,206
Median Household Income
$40,214
Median Earnings
$1,225
Median Rent
$413,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, a dedicated dining room, and its own laundry and storage areas.
Where is this duplex located?
The property is located at 1524 E Marion St Shorewood, WI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two 2‑bedroom units in a 2,394‑square‑foot duplex built in 1925; Upper apartment has a remodeled kitchen and bathroom, maple floors, breakfast bar, exposed Cream City brick, and vaulted ceiling; Lower apartment includes refinished hardwood floors, natural woodwork, and a built‑in china cabinet
