Character Duplex with Rear
For Sale
$325,000
1813 N 54th St, Milwaukee, WI 53208
Two residential units feature generous living areas, private porches, and separate gas and electric meters for flexible ownership.
Property Size2,942 SF
Price / SF$110.47
Days on Market51
Property Features for 1813 N 54th St
General Information
Standard status
Active
Size
2,942 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Washington Heights
Building Details
Year Built
1922
Listing Agency:
Keller Williams Realty-Lake Country
Listed By:
Jordan Shelton · License #95879-94
(262) 804-3230
Source:
Levelupwi
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 7 at 5:43PM
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 Keller Williams Realty-Lake Country
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Investment Insights
Based on property information with market context.
Built in 1922, this 2942-square-foot duplex retains original character details while incorporating a recently remodeled kitchen. The 2/2 layout provides each unit with spacious living and dining areas, two bedrooms, and its own porch. A rear deck adds outdoor space, while separate gas and electric meters support distinct utility management.
The property is located at 1813 N 54th St in Milwaukee’s Washington Heights neighborhood, near restaurants, coffee shops, parks, and shopping. Free street parking is available around the property. The combination of preserved architectural character, updated kitchen space, and two-unit functionality accommodates either an owner-occupant or an investor.
The property is located at 1813 N 54th St in Milwaukee’s Washington Heights neighborhood, near restaurants, coffee shops, parks, and shopping. Free street parking is available around the property. The combination of preserved architectural character, updated kitchen space, and two-unit functionality accommodates either an owner-occupant or an investor.
Key Highlights
- 2/2 duplex with two bedrooms in each unit
- 2942 square feet of total property size
- Built in 1922 with original character details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,594
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,880
$591.9K
Cap Rate 7%
$422,771
$422.8K
Cap Rate 9%
$328,822
$328.8K
Market Conditions
NOI Build-Up for 2,942 SF
Gross rent
$44.1K $15.00/SF
− Vacancy
−$1.9K −$0.63/SF
EGI
$42.3K $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 Rate 5%
$591,880
Cap Rate 7%
$422,771
Cap Rate 9%
$328,822
Alternative Uses
Best Use
Multifamily LT 5
$422.8K
$369.9K – $493.2K
NOI $29,594 @ 7.0% cap · market cap 9.11%
Second Best
Apartment 5plus
$391.5K
$342.5K – $456.7K
NOI $27,402 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$707.0K
$618.6K – $824.8K
NOI $49,489 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
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Business Placement
Demographics for 53208, WI
29,644
Population
13,778
Households
2.2
Avg Household Size
33
Median Age
31%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
7,058
Density / Sq Mi
$50,585
Median Household Income
$40,729
Median Earnings
$924
Median Rent
$196,300
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 residential units feature generous living areas, private porches, and separate gas and electric meters for flexible ownership.
Where is this duplex located?
The property is located at 1813 N 54th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2/2 duplex with two bedrooms in each unit; 2942 square feet of total property size; Built in 1922 with original character details
