Updated Duplex with Separate
New
For Sale
$195,000
1821 S Muskego Ave, Milwaukee, WI 53204
Both residences have been improved, with on-site parking and laundry in the upper unit.
Property Size1,633 SF
Price / SF$119.41
Days on Market3
Property Features for 1821 S Muskego Ave
General Information
Standard status
Active
Size
1,633 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Muskego Way
Units
Multifamily Units
2
Individually Metered Utilities
all utilities
Amenities
parking
in-unit laundry
Building Details
Year Built
1908
Buildings
1
Listing Agency:
Joseph Scott Real Estate LLC
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Nov 1
Last Checked: Nov 3 at 6:09AM
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 Joseph Scott Real Estate LLC
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Investment Insights
Based on property information with market context.
This 1,633-square-foot duplex, built in 1908, contains two updated units. Each residence has separate utility service, and the upper unit includes in-unit laundry. Newer water heaters and replacement windows are among the property’s improvements.
On-site parking serves the property. The two-unit configuration supports rental occupancy or owner occupancy in one unit alongside a tenant in the other.
On-site parking serves the property. The two-unit configuration supports rental occupancy or owner occupancy in one unit alongside a tenant in the other.
Key Highlights
- 1,633‑square‑foot duplex built in 1908
- Separate utilities for each unit
- Both units have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,426
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,520
$328.5K
Cap Rate 7%
$234,657
$234.7K
Cap Rate 9%
$182,511
$182.5K
Market Conditions
NOI Build-Up for 1,633 SF
Gross rent
$24.5K $15.00/SF
− Vacancy
−$1.0K −$0.63/SF
EGI
$23.5K $14.37/SF
− OpEx
−$7.0K −$4.31/SF
NOI
$16.4K $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%
$328,520
Cap Rate 7%
$234,657
Cap Rate 9%
$182,511
Alternative Uses
Best Use
Multifamily LT 5
$234.7K
$205.3K – $273.8K
NOI $16,426 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$217.3K
$190.1K – $253.5K
NOI $15,210 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$392.4K
$343.4K – $457.8K
NOI $27,470 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Explore this area
Business Placement
Demographics for 53204, WI
39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
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 - Both residences have been improved, with on-site parking and laundry in the upper unit.
Where is this duplex located?
The property is located at 1821 S Muskego Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,633‑square‑foot duplex built in 1908; Separate utilities for each unit; Both units have been updated
