Renovated 7-Bedroom Victorian
For Sale
$425,000
1914 N 48th St, Milwaukee, WI 53208
Historic character pairs with updated kitchens and bathrooms for owner-occupant or rental use.
Property Size3,832 SF
Price / SF$110.91
Days on Market68
Property Features for 1914 N 48th St
General Information
Standard status
Active
Size
3,832 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1912
Construction
Victorian
Listing Agency:
Coldwell Banker Realty
Listed By:
Analise Billings
(414) 940-3976
Source:
Nikolicgroup
Added: Aug 11
Changed: Oct 5
Last Checked: Oct 7 at 2:44PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1912, this Victorian duplex combines historic architectural details with extensive updates. The property includes seven bedrooms, a newly finished third-floor primary retreat, updated kitchens, refreshed bathrooms, original herringbone hardwood flooring, and detailed millwork. Renovation and restoration work extends throughout the building, supporting immediate occupancy for an owner-occupant or rental operation.
The duplex is located in Milwaukee’s Washington Heights neighborhood and is identified for RES zoning. Its blend of period features and contemporary improvements provides a distinctive residential income property with both owner-occupant and investor appeal.
The duplex is located in Milwaukee’s Washington Heights neighborhood and is identified for RES zoning. Its blend of period features and contemporary improvements provides a distinctive residential income property with both owner-occupant and investor appeal.
Key Highlights
- Seven‑bedroom Victorian duplex
- Newly finished third‑floor primary retreat
- Original herringbone hardwood floors and detailed millwork
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,546
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,920
$770.9K
Cap Rate 7%
$550,657
$550.7K
Cap Rate 9%
$428,289
$428.3K
Market Conditions
NOI Build-Up for 3,832 SF
Gross rent
$57.5K $15.00/SF
− Vacancy
−$2.4K −$0.63/SF
EGI
$55.1K $14.37/SF
− OpEx
−$16.5K −$4.31/SF
NOI
$38.5K $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%
$770,920
Cap Rate 7%
$550,657
Cap Rate 9%
$428,289
Alternative Uses
Best Use
Multifamily LT 5
$550.7K
$481.8K – $642.4K
NOI $38,546 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$509.9K
$446.1K – $594.9K
NOI $35,691 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$920.9K
$805.8K – $1.07M
NOI $64,460 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Explore this area
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 - Historic character pairs with updated kitchens and bathrooms for owner-occupant or rental use.
Where is this duplex located?
The property is located at 1914 N 48th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Seven‑bedroom Victorian duplex; Newly finished third‑floor primary retreat; Original herringbone hardwood floors and detailed millwork
