Two-Unit Duplex with
1630-1628 N Hawley Rd, Milwaukee, WI 53208
For Sale
New
$309,900
Two matching apartments feature hardwood floors, period woodwork, and separate central air systems.
Property Size2,557 SF
Price / SF$121.20
Days on Market4
Property Features for 1630-1628 N Hawley Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Tenancy
Listing Agency:
EXP Realty, LLC MKE
(866) 848-6990
Listed By:
Provision Properties Core Team*
(262) 622-2992
Source:
Exprealty
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 4:18PM
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 EXP Realty, LLC MKE
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Investment Insights
Based on property information with market context.
Built in 1919, this duplex contains two similarly arranged apartments, each with 2 bedrooms and 1 bathroom. Original oak trim, built-in cabinetry, and hardwood flooring remain inside. The upper apartment is vacant and has been freshly painted, with a newly tiled bathroom; the lower apartment is occupied. Central air serves both units, and the furnaces and water heaters are newer. Recent roof work covers both the house and garage.
The property includes a 2-car garage, full basement, and a walk-up attic. Wick Field is half a mile away, and American Family Field is under 2 miles from the property.
The property includes a 2-car garage, full basement, and a walk-up attic. Wick Field is half a mile away, and American Family Field is under 2 miles from the property.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1919 construction with original oak woodwork, built‑ins, and hardwood floors
- New roof on the house and garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,721
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,420
$514.4K
Cap Rate 7%
$367,443
$367.4K
Cap Rate 9%
$285,789
$285.8K
Market Conditions
NOI Build-Up for 2,557 SF
Gross rent
$38.4K $15.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$36.7K $14.37/SF
− OpEx
−$11.0K −$4.31/SF
NOI
$25.7K $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%
$514,420
Cap Rate 7%
$367,443
Cap Rate 9%
$285,789
Alternative Uses
Best Use
Multifamily LT 5
$367.4K
$321.5K – $428.7K
NOI $25,721 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$340.2K
$297.7K – $396.9K
NOI $23,816 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$614.5K
$537.7K – $716.9K
NOI $43,013 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 53208, WI
29,644
Population
13,778
Households
2.2
Avg Household Size
33
Median Age
31%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
7,058
Density / Sq Mi
$50,585
Median Household Income
$40,729
Median Earnings
$924
Median Rent
$196,300
Median Home Value
Market
Average Price Trend$/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 matching apartments feature hardwood floors, period woodwork, and separate central air systems.
Where is this duplex located?
The property is located at 1630-1628 N Hawley Rd Milwaukee, WI.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1919 construction with original oak woodwork, built‑ins, and hardwood floors; New roof on the house and garage
