Two-Unit Duplex with Fenced
1707 West Burnham Street Milwaukee, WI 53204
1707 West Burnham Street, Milwaukee, WI, 53204
$225,900
Pending
For Sale
$225,900
Pending
Fully rented duplex with two 2-bedroom, 1-bath units, plus a 1.5-car garage, off-street parking, and a fenced backyard.
Property Size1,906 SF
Days on Market23
Property Features for 1707 West Burnham Street
General Information
- Standard status
- Pending
- Size
- 1,906 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1893
Listing agency
reThought Real Estate
(414) 310-7042
Listed by
Asai Rubio Rubio · License #95821-94
(414) 310-7042
Source
Compass
Added: Jun 30 Updated: Jul 21 at 3:25PM Checked: Jul 22 at 10:03AM
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 reThought Real Estate
Investment Insights
Based on property information with market context.
This duplex is configured as two separate units, each with 2 bedrooms and 1 bathroom. The property is fully rented and described as having cosmetic updates throughout. Additional improvements include a 1.5-car garage and off-street parking, along with a fenced backyard.
The duplex is for sale as an income-producing residential investment. Two units provide a stated total gross rental income of $2,000 per month, with each unit generating $1,000 per month.
The overall site supports both parking and outdoor use, with the enclosed backyard and garage amenities adding convenience for tenants.
The duplex is for sale as an income-producing residential investment. Two units provide a stated total gross rental income of $2,000 per month, with each unit generating $1,000 per month.
The overall site supports both parking and outdoor use, with the enclosed backyard and garage amenities adding convenience for tenants.
Key Highlights
- Fully rented duplex with two 2‑bedroom, 1‑bath units
- Est. total living area: 1,906 SF; each unit includes 6 rooms
- Gross rental income of $2,000 per month ($1,000 per unit)
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 | $28.6k | $15.00 |
| − Vacancy | −$1.2k | −$0.63 |
| EGI | $27.4k | $14.37 |
| − OpEx | −$8.2k | −$4.31 |
| NOI | $19.2k | $10.06 |
1,906 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$273.9K
$239.7K – $319.5K
NOI $19,172 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$253.6K
$221.9K – $295.9K
NOI $17,752 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$458.0K
$400.8K – $534.4K
NOI $32,062 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully rented duplex with two 2-bedroom, 1-bath units, plus a 1.5-car garage, off-street parking, and a fenced backyard.
Where is this duplex located?
The property is located at 1707 West Burnham Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $225,900.
What are key features of this property?
This property features: Fully rented duplex with two 2‑bedroom, 1‑bath units; Est. total living area: 1,906 SF; each unit includes 6 rooms; Gross rental income of $2,000 per month ($1,000 per unit)
