Queen Anne Duplex with Sun
For Sale
$499,000
1920 N Oakland Ave, Milwaukee, WI 53202
Historic two-unit residence with original details, spacious rooms, and on-site parking.
Property Size2,844 SF
Price / SF$175.46
Days on Market85
Property Features for 1920 N Oakland Ave
General Information
Standard status
Active
Size
2,844 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
hardwood floors
oversized windows
covered patio
sun porch
artificial fireplace
Building Details
Year Built
1892
Buildings
1
Construction
Queen Anne
Listing Agency:
Keller Williams Milwaukee North Shore
Listed By:
Nancy Meeks · License #41526-94
(414) 962-3605
Source:
Levelupwi
Added: Jul 28
Changed: Oct 7
Last Checked: Oct 7 at 4:56PM
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
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Investment Insights
Based on property information with market context.
Built in 1892, this Milwaukee duplex reflects Queen Anne architecture and retains notable period character, including hardwood flooring, oversized windows, and artificial fireplaces in both units. Each residence offers 3 bedrooms and 1 bath along with formal living and dining rooms, a parlor, and generously proportioned interiors.
Outdoor features vary by level: the lower unit includes a covered patio, while the upper unit has a sun porch. The property accommodates parking for 6 vehicles and is identified with the historic Ann Kotas home, designed and built by architect B. Kolpacki.
Outdoor features vary by level: the lower unit includes a covered patio, while the upper unit has a sun porch. The property accommodates parking for 6 vehicles and is identified with the historic Ann Kotas home, designed and built by architect B. Kolpacki.
Key Highlights
- 1892 Queen Anne duplex with historic architectural character
- Two units, each with 3 bedrooms and 1 bath
- Original hardwood floors and oversized windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,608
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,160
$572.2K
Cap Rate 7%
$408,686
$408.7K
Cap Rate 9%
$317,867
$317.9K
Market Conditions
NOI Build-Up for 2,844 SF
Gross rent
$42.7K $15.00/SF
− Vacancy
−$1.8K −$0.63/SF
EGI
$40.9K $14.37/SF
− OpEx
−$12.3K −$4.31/SF
NOI
$28.6K $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%
$572,160
Cap Rate 7%
$408,686
Cap Rate 9%
$317,867
Alternative Uses
Best Use
Multifamily LT 5
$408.7K
$357.6K – $476.8K
NOI $28,608 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$378.4K
$331.1K – $441.5K
NOI $26,489 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$683.4K
$598.0K – $797.4K
NOI $47,841 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,416
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Historic two-unit residence with original details, spacious rooms, and on-site parking.
Where is this duplex located?
The property is located at 1920 N Oakland Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1892 Queen Anne duplex with historic architectural character; Two units, each with 3 bedrooms and 1 bath; Original hardwood floors and oversized windows
