Updated
New
For Sale
$224,500
169 S 65th Street, Milwaukee, WI 53214
The upper residence is vacant, while the main-floor unit has a long-term tenant.
Property Size1,408 SF
Price / SF$159.45
Days on Market2
Property Features for 169 S 65th Street
General Information
Standard status
Active
Size
1,408 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Zoning
RT3
Site & Location
Neighborhood
Johnsons Woods
Highway Access
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
1,408 SF
Year Built
1925
Buildings
1
Listing Agency:
Re/Max Lakeside-Central
(414) 327-7020
Listed By:
Hoffmann Team* · License #5480794
(414) 897-0098
Source:
Coactionrealestate
Added: Oct 23
Last Checked: Oct 23 at 9:04AM
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 Re/Max Lakeside-Central
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Investment Insights
Based on property information with market context.
This RT3-zoned duplex was built in 1925. Both residences have been updated, with the main-floor unit featuring improvements to its kitchen and bathroom. The upper unit is vacant and has fresh paint and newer carpeting.
The property also includes a covered front porch, a private backyard, and a two-car garage. The main-floor residence is occupied by a long-term tenant.
The property also includes a covered front porch, a private backyard, and a two-car garage. The main-floor residence is occupied by a long-term tenant.
Key Highlights
- RT3 zoning
- Built in 1925
- Both units updated; main‑floor kitchen and bathroom improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,163
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,260
$283.3K
Cap Rate 7%
$202,329
$202.3K
Cap Rate 9%
$157,367
$157.4K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$21.1K $15.00/SF
− Vacancy
−$887 −$0.63/SF
EGI
$20.2K $14.37/SF
− OpEx
−$6.1K −$4.31/SF
NOI
$14.2K $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%
$283,260
Cap Rate 7%
$202,329
Cap Rate 9%
$157,367
Alternative Uses
Best Use
Multifamily LT 5
$202.3K
$177.0K – $236.1K
NOI $14,163 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$187.3K
$163.9K – $218.6K
NOI $13,114 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$338.4K
$296.1K – $394.8K
NOI $23,685 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 53214, WI
34,297
Population
17,530
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
4,831
Density / Sq Mi
$62,712
Median Household Income
$46,304
Median Earnings
$999
Median Rent
$178,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The upper residence is vacant, while the main-floor unit has a long-term tenant.
Where is this duplex located?
The property is located at 169 S 65th Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $224,500.
What are key features of this property?
This property features: RT3 zoning; Built in 1925; Both units updated; main‑floor kitchen and bathroom improvements
