1615 East Beverly Road Unit 1615A Shorewood, WI 53211
1615 East Beverly Road Unit 1615A, Shorewood, WI, 53211
$350,000
For Sale
$350,000
Duplexes
Property Size2,202 SF
Price / SF$158.95
Days on Market18
Property Features for 1615 East Beverly Road Unit 1615A
General Information
- Standard status
- Active
- Size
- 2,202 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1928
Listing agency
Keller Williams Milwaukee North Shore
(414) 218-6767
Listed by
Benjamin Cohn · License #92726-94
(414) 218-6767
Source
Compass
Added: Jul 5 Updated: Jul 21 at 2:13PM Checked: Jul 22 at 10:39AM
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
Investment Insights
Based on property information with market context.
Key Highlights
- Duplex built in 1928 with an estimated total of 2,202 sq. ft.
- Lower unit: 2 bedrooms, 1 full bath, and 4 total rooms; features original hardwood floors and stained glass.
- Lower unit has central air and a dishwasher.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.7k | $16.20 |
| − Vacancy | −$2.0k | −$0.89 |
| EGI | $33.7k | $15.31 |
| − OpEx | −$10.1k | −$4.59 |
| NOI | $23.6k | $10.72 |
2,202 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$337.1K
$295.0K – $393.3K
NOI $23,597 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$301.1K
$263.5K – $351.3K
NOI $21,080 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$522.2K
$456.9K – $609.2K
NOI $36,552 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
Where is this duplex located?
The property is located at 1615 East Beverly Road Unit 1615A Shorewood, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex built in 1928 with an estimated total of 2,202 sq. ft.; Lower unit: 2 bedrooms, 1 full bath, and 4 total rooms; features original hardwood floors and stained glass.; Lower unit has central air and a dishwasher.
