2-Unit Brick
2012 E Newton AVENUE 2014, Shorewood, WI 53211
For Sale
New
$425,000
Each residence has three bedrooms and one bathroom, with hardwood floors and original interior details.
Property Size2,806 SF
Price / SF$151.46
Days on Market5
Property Features for 2012 E Newton AVENUE 2014
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Shorewest Realtors, Inc.
Listed By:
Michelle Lewis
(262) 903-9553
Source:
Prolificrealtygroup
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 10 at 2:29PM
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 Shorewest Realtors, Inc.
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Investment Insights
Based on property information with market context.
Built in 1929, this brick duplex contains two residential units, each with three bedrooms and one bathroom. Interior features include hardwood flooring, woodwork, built-in cabinetry, rounded doorways and windows, original hardware, and decorative fireplaces. The property requires substantial work and is offered in its current condition.
The Shorewood property is five blocks from Lake Michigan, with parks, shopping, and dining also noted nearby. Zoning is designated Res.
The Shorewood property is five blocks from Lake Michigan, with parks, shopping, and dining also noted nearby. Zoning is designated Res.
Key Highlights
- Two residential units, each with 3 bedrooms and 1 bathroom
- Brick construction; built in 1929
- Hardwood floors, built‑ins, original hardware, woodwork, and rounded doorways and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,070
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,400
$601.4K
Cap Rate 7%
$429,571
$429.6K
Cap Rate 9%
$334,111
$334.1K
Market Conditions
NOI Build-Up for 2,806 SF
Gross rent
$45.5K $16.20/SF
− Vacancy
−$2.5K −$0.89/SF
EGI
$43.0K $15.31/SF
− OpEx
−$12.9K −$4.59/SF
NOI
$30.1K $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%
$601,400
Cap Rate 7%
$429,571
Cap Rate 9%
$334,111
Alternative Uses
Best Use
Multifamily LT 5
$429.6K
$375.9K – $501.2K
NOI $30,070 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$383.7K
$335.8K – $447.7K
NOI $26,862 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$665.4K
$582.2K – $776.3K
NOI $46,578 @ 7.0% cap · market cap 10.96%
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
959
Businesses Nearby
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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
$413,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Milwaukee County, WI
Properties on Market for Duplexes in Milwaukee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms and one bathroom, with hardwood floors and original interior details.
Where is this duplex located?
The property is located at 2012 E Newton AVENUE 2014 Shorewood, 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: Two residential units, each with 3 bedrooms and 1 bathroom; Brick construction; built in 1929; Hardwood floors, built‑ins, original hardware, woodwork, and rounded doorways and windows
