Duplex With Updated
For Sale
$559,900
2002-2000 E Kensington Blvd, Shorewood, WI 53211
Two distinct residences offer a two-bedroom layout and a larger four-bedroom configuration.
Property Size2,506 SF
Price / SF$223.42
Days on Market23
Property Features for 2002-2000 E Kensington Blvd
General Information
Standard status
Active
Size
2,506 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,085
Building Details
Buildings
1
Construction
Prairie-style
Listing Agency:
Keller Williams Milwaukee North Shore
Listed By:
Elsafy Team* · License #5087490
(414) 962-3605
Source:
Exprealty
Added: Oct 8
Changed: Oct 28
Last Checked: Oct 28 at 4:04PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,506-square-foot duplex contains two separate residences. The first has two bedrooms, one full bathroom, a dining room with built-ins, an updated kitchen, and a living room with hardwood floors and a decorative fireplace. The second includes four bedrooms, two full bathrooms, an updated kitchen, a formal dining room, a living room, and an accessible porch.
The property is located on E Kensington Blvd in Shorewood, among single-family residences.
The property is located on E Kensington Blvd in Shorewood, among single-family residences.
Key Highlights
- 2,506‑square‑foot duplex with two separate residences
- First residence: 2 bedrooms, 1 full bath, built‑in dining room features, and updated kitchen
- Second residence: 4 bedrooms, 2 full baths, updated kitchen, formal dining room, living room, and accessible porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,855
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,100
$537.1K
Cap Rate 7%
$383,643
$383.6K
Cap Rate 9%
$298,389
$298.4K
Market Conditions
NOI Build-Up for 2,506 SF
Gross rent
$40.6K $16.20/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$38.4K $15.31/SF
− OpEx
−$11.5K −$4.59/SF
NOI
$26.9K $10.72/SF
Area
Milwaukee County, WI
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,100
Cap Rate 7%
$383,643
Cap Rate 9%
$298,389
Alternative Uses
Best Use
Multifamily LT 5
$383.6K
$335.7K – $447.6K
NOI $26,855 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$342.7K
$299.9K – $399.8K
NOI $23,990 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$594.3K
$520.0K – $693.3K
NOI $41,598 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 53211, WI
36,327
Population
16,346
Households
2.2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
4.0 sq mi
ZIP Area
9,082
Density / Sq Mi
$76,206
Median Household Income
$40,214
Median Earnings
$1,225
Median Rent
$413,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer a two-bedroom layout and a larger four-bedroom configuration.
Where is this duplex located?
The property is located at 2002-2000 E Kensington Blvd Shorewood, WI.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: 2,506‑square‑foot duplex with two separate residences; First residence: 2 bedrooms, 1 full bath, built‑in dining room features, and updated kitchen; Second residence: 4 bedrooms, 2 full baths, updated kitchen, formal dining room, living room, and accessible porch
