Two-Family Residential Income
1822 West Rogers Street Milwaukee, WI 53204
For Sale
$220,000
Lower unit is updated and vacant, while the upper unit is rented month-to-month at $900 per month.
Property Size2,120 SF
Price / SF$103.77
Days on Market43
Property Features for 1822 West Rogers Street
General Information
- Standard status
- Active
- Size
- 2,120 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1913
Listing Agency:
reThought Real Estate
(414) 779-5170
Listed By:
Luis Castillo · License #111742-94
(414) 779-5170
Source:
Compass
Added: Jun 12
Changed: Jul 21
Last Checked: Jul 23 at 8:34AM
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 two-family residential income property features an updated lower unit that is currently vacant and ready for a new tenant. The upper unit is well kept and rented month-to-month, and the tenant indicates they would like to stay.
The home includes a front porch, rear balcony, and a full basement with laundry hookups. A detached two-car garage with alley access adds convenient off-street parking and service access.
The property is described as being conveniently located near Historic Mitchell Street, with nearby freeway access and public transportation.
The home includes a front porch, rear balcony, and a full basement with laundry hookups. A detached two-car garage with alley access adds convenient off-street parking and service access.
The property is described as being conveniently located near Historic Mitchell Street, with nearby freeway access and public transportation.
Key Highlights
- Two‑family home built in 1913 with an estimated 2,120 total SF
- Lower unit is updated and vacant, ready for a new tenant or owner‑occupant
- Upper unit is 2BR/1BA and rented month‑to‑month at $900/month (tenant would like to stay)
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $17.64 |
| − Vacancy | −$1.5k | −$0.71 |
| EGI | $35.9k | $16.93 |
| − OpEx | −$16.2k | −$7.62 |
| NOI | $19.7k | $9.31 |
2,120 SF · lease $17.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$304.6K
$266.6K – $355.4K
NOI $21,325 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$282.1K
$246.8K – $329.1K
NOI $19,746 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$509.5K
$445.8K – $594.4K
NOI $35,662 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Lower unit is updated and vacant, while the upper unit is rented month-to-month at $900 per month.
Where is this duplex located?
The property is located at 1822 West Rogers Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑family home built in 1913 with an estimated 2,120 total SF; Lower unit is updated and vacant, ready for a new tenant or owner‑occupant; Upper unit is 2BR/1BA and rented month‑to‑month at $900/month (tenant would like to stay)
