Updated Two-Unit
New
For Sale
$399,000
1742 N Pulaski St, Milwaukee, WI 53202
Upper and lower residences offer distinctive period details, spacious kitchens, formal dining rooms, and on-site laundry.
Property Size2,938 SF
Price / SF$135.81
Days on Market2
Property Features for 1742 N Pulaski St
General Information
Standard status
Active
Size
2,938 SF
Property subtype
Multi-Family
Building Details
Year Built
1913
Listing Agency:
Rethought Real Estate
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Sep 1
Last Checked: Sep 1 at 4:43PM
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 2,938-square-foot duplex, built in 1913, contains two updated residences in an upper-and-lower configuration. The lower unit has 2 bedrooms and 1 bath, while the upper unit includes 4 bedrooms and 1 bath, along with a finished third floor featuring skylights and flexible additional space. Both units include hardwood floors, arched doorways, built-ins, crown molding, formal dining rooms, and spacious kitchens with butler’s pantries. Appliances are included.
A private rear entrance provides separate access across all 3 levels, and laundry is located on site. Owner improvements completed from 2022-2026 include new carpet, refinished hardwood floors, fresh paint, and new fixtures. The boilers were replaced in 2016 and the roof was replaced in 2020. The property is located at 1742 N Pulaski St in Milwaukee, near Brady Street’s dining, shopping, and entertainment.
A private rear entrance provides separate access across all 3 levels, and laundry is located on site. Owner improvements completed from 2022-2026 include new carpet, refinished hardwood floors, fresh paint, and new fixtures. The boilers were replaced in 2016 and the roof was replaced in 2020. The property is located at 1742 N Pulaski St in Milwaukee, near Brady Street’s dining, shopping, and entertainment.
Key Highlights
- Two‑unit duplex with a 2‑bedroom lower residence and 4‑bedroom upper residence
- Finished third floor with skylights and flexible additional space
- 2,938 square feet; built in 1913
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,553
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$591,060
$591.1K
Cap Rate 7%
$422,186
$422.2K
Cap Rate 9%
$328,367
$328.4K
Market Conditions
NOI Build-Up for 2,938 SF
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.
Gross rent
$44.1K $15.00/SF
− Vacancy
−$1.9K −$0.63/SF
EGI
$42.2K $14.37/SF
− OpEx
−$12.7K −$4.31/SF
NOI
$29.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$591,060
Cap Rate 7%
$422,186
Cap Rate 9%
$328,367
Alternative Uses
Best Use
Multifamily LT 5
$422.2K
$369.4K – $492.6K
NOI $29,553 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$390.9K
$342.1K – $456.1K
NOI $27,364 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$706.0K
$617.8K – $823.7K
NOI $49,422 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,024
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Upper and lower residences offer distinctive period details, spacious kitchens, formal dining rooms, and on-site laundry.
Where is this duplex located?
The property is located at 1742 N Pulaski St Milwaukee, WI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom lower residence and 4‑bedroom upper residence; Finished third floor with skylights and flexible additional space; 2,938 square feet; built in 1913
