Duplex with Private
For Sale
$459,900
2013 E Wood Pl, Shorewood, WI 53211
Two-unit property with on-site laundry, a two-car garage, and updated boiler and appliance systems.
Property Size2,367 SF
Price / SF$194.30
Days on Market55
Property Features for 2013 E Wood Pl
General Information
Standard status
Active
Size
2,367 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Amenities
on-site laundry
private backyard
Building Details
Year Built
1926
Listing Agency:
A Jones Realty
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Aug 23
Changed: Oct 15
Last Checked: Oct 14 at 10:32PM
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 A Jones Realty
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Investment Insights
Based on property information with market context.
Built in 1926, this duplex contains 2,367 square feet and combines a spacious floorplan with original built-in features and hardwood floors. The property also includes on-site laundry, a two-car garage, and a private backyard. Recent updates include the boiler system and appliances.
Located at 2013 E Wood Pl in Shorewood, the property is within walking distance of shopping, entertainment, and bus lines. Its established residential setting and two-unit configuration provide a straightforward format for an income-producing property.
Located at 2013 E Wood Pl in Shorewood, the property is within walking distance of shopping, entertainment, and bus lines. Its established residential setting and two-unit configuration provide a straightforward format for an income-producing property.
Key Highlights
- Duplex with 2,367 square feet of property size
- Built in 1926
- Original built‑ins and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,365
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,300
$507.3K
Cap Rate 7%
$362,357
$362.4K
Cap Rate 9%
$281,833
$281.8K
Market Conditions
NOI Build-Up for 2,367 SF
Gross rent
$38.3K $16.20/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$36.2K $15.31/SF
− OpEx
−$10.9K −$4.59/SF
NOI
$25.4K $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%
$507,300
Cap Rate 7%
$362,357
Cap Rate 9%
$281,833
Alternative Uses
Best Use
Multifamily LT 5
$362.4K
$317.1K – $422.8K
NOI $25,365 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$323.7K
$283.2K – $377.7K
NOI $22,659 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$561.3K
$491.1K – $654.9K
NOI $39,291 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
877
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with on-site laundry, a two-car garage, and updated boiler and appliance systems.
Where is this duplex located?
The property is located at 2013 E Wood Pl Shorewood, WI.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Duplex with 2,367 square feet of property size; Built in 1926; Original built‑ins and hardwood floors
