Updated Upper-Lower
For Sale
$380,000
1742 N Pulaski St Unit 1744, Milwaukee, WI 53202
Milwaukee property with separate access, finished flex space, on-site laundry, and a location near Brady Street amenities.
Property Size2,938 SF
Price / SF$129.34
Days on Market19
Property Features for 1742 N Pulaski St Unit 1744
General Information
Standard status
Active
Size
2,938 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Amenities
on-site laundry
Building Details
Year Built
1913
Buildings
1
Stories
3
Listing Agency:
Keller Williams Milwaukee North Shore
Listed By:
Stalle Realty Group*
(414) 967-7900
Source:
Jwregwi
Added: Sep 9
Changed: Sep 26
Last Checked: Sep 26 at 8:38AM
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 Keller Williams Milwaukee North Shore
Investment Insights
Based on property information with market context.
This 1913 duplex contains two updated residences arranged on the lower and upper levels. The lower unit has 2 bedrooms and 1 bath, while the upper unit includes 4 bedrooms and 1 bath, along with a finished 3rd floor featuring skylights and flexible additional space. Both units offer hardwood flooring, arched doorways, built-ins, crown molding, formal dining rooms, and spacious kitchens with butler’s pantries. Appliances are included, and laundry is located on site.
A private rear entrance provides independent access across all 3 levels. 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 near Brady Street dining, shopping, and entertainment in Milwaukee’s Lower East Side.
A private rear entrance provides independent access across all 3 levels. 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 near Brady Street dining, shopping, and entertainment in Milwaukee’s Lower East Side.
Key Highlights
- Two‑unit layout with 2 bedrooms and 1 bath downstairs; 4 bedrooms and 1 bath upstairs
- Finished 3rd floor with skylights and generous flex space
- Hardwood floors, arched doorways, built‑ins, crown molding, and formal dining rooms
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
7.78%
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 7.78%
Second Best
Apartment 5plus
$390.9K
$342.1K – $456.1K
NOI $27,364 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$706.0K
$617.8K – $823.7K
NOI $49,422 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Milwaukee property with separate access, finished flex space, on-site laundry, and a location near Brady Street amenities.
Where is this duplex located?
The property is located at 1742 N Pulaski St Unit 1744 Milwaukee, WI.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two‑unit layout with 2 bedrooms and 1 bath downstairs; 4 bedrooms and 1 bath upstairs; Finished 3rd floor with skylights and generous flex space; Hardwood floors, arched doorways, built‑ins, crown molding, and formal dining rooms
