Renovated Two-Unit
New
For Sale
$360,000
1732 N Humboldt Ave, Milwaukee, WI 53202
Two spacious residences feature updated kitchens, tiled bathrooms, and private outdoor areas.
Property Size2,000 SF
Price / SF$180
Days on Market1
Property Features for 1732 N Humboldt Ave
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Lower East Side
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
front porch
upper balcony
private fenced backyard
patio
Building Details
Year Built
1880
Buildings
1
Listing Agency:
Mierow Realty
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Oct 23
Last Checked: Oct 23 at 5:15AM
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 Mierow Realty
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Investment Insights
Based on property information with market context.
This Milwaukee duplex contains two 2-bedroom, 1-bathroom units, with approximately 2,000 square feet in total. Renovations include updated kitchens with gas ranges, vent hoods, and tile backsplashes, along with tiled bathrooms featuring walk-in showers. Hardwood floors, new windows, updated electrical and plumbing, newer furnaces, and central air are among the building improvements. The property was built in 1880.
Outdoor features include a front porch, an upper-level balcony, and a fenced, landscaped backyard with a patio. Brady Street restaurants, cafes, boutiques, and nightlife are a short walk away.
Outdoor features include a front porch, an upper-level balcony, and a fenced, landscaped backyard with a patio. Brady Street restaurants, cafes, boutiques, and nightlife are a short walk away.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- Approximately 2,000 square feet total
- Renovations include new windows, electrical, and plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,118
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,360
$402.4K
Cap Rate 7%
$287,400
$287.4K
Cap Rate 9%
$223,533
$223.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$30.0K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$28.7K $14.37/SF
− OpEx
−$8.6K −$4.31/SF
NOI
$20.1K $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%
$402,360
Cap Rate 7%
$287,400
Cap Rate 9%
$223,533
Alternative Uses
Best Use
Multifamily LT 5
$287.4K
$251.5K – $335.3K
NOI $20,118 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$266.1K
$232.9K – $310.5K
NOI $18,628 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$480.6K
$420.5K – $560.7K
NOI $33,643 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,024
Businesses Nearby
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Business Placement
Demographics for 53202, WI
27,897
Population
18,629
Households
1.5
Avg Household Size
31
Median Age
66%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
13,284
Density / Sq Mi
$68,482
Median Household Income
$52,339
Median Earnings
$1,234
Median Rent
$298,000
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 - Two spacious residences feature updated kitchens, tiled bathrooms, and private outdoor areas.
Where is this duplex located?
The property is located at 1732 N Humboldt Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; Approximately 2,000 square feet total; Renovations include new windows, electrical, and plumbing
