Two-Unit
New
For Sale
$199,000
2027 N 47th St Unit 2029, Milwaukee, WI 53208
Each residence has three bedrooms, one bathroom, updated kitchens and bathrooms, and separate gas and electric meters.
Property Size1,338 SF
Price / SF$148.73
Days on Market4
Property Features for 2027 N 47th St Unit 2029
General Information
Standard status
Active
Size
1,338 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1911
Listing Agency:
Compass RE WI-Northshore
Listed By:
Horizon Homes Group* · License #6031390
(414) 441-6925
Source:
Jwregwi
Added: Oct 4
Last Checked: Oct 5 at 11:33PM
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 Compass RE WI-Northshore
Investment Insights
Based on property information with market context.
Built in 1911, this duplex contains two residences, each configured with three bedrooms and one full bathroom. Both units have updated kitchens and bathrooms, and separate gas and electric meters. The property is occupied and is being sold as-is, with no repairs to be made by the seller.
The property is in Washington Heights, near neighborhood amenities and with access to downtown Milwaukee.
The property is in Washington Heights, near neighborhood amenities and with access to downtown Milwaukee.
Key Highlights
- Two residences, each with 3 bedrooms and 1 full bathroom
- Updated kitchens and bathrooms in both units
- Separate gas and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,459
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,180
$269.2K
Cap Rate 7%
$192,271
$192.3K
Cap Rate 9%
$149,544
$149.5K
Market Conditions
NOI Build-Up for 1,338 SF
Gross rent
$20.1K $15.00/SF
− Vacancy
−$843 −$0.63/SF
EGI
$19.2K $14.37/SF
− OpEx
−$5.8K −$4.31/SF
NOI
$13.5K $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%
$269,180
Cap Rate 7%
$192,271
Cap Rate 9%
$149,544
Alternative Uses
Best Use
Multifamily LT 5
$192.3K
$168.2K – $224.3K
NOI $13,459 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$178.0K
$155.8K – $207.7K
NOI $12,462 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$321.5K
$281.3K – $375.1K
NOI $22,507 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
842
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, one bathroom, updated kitchens and bathrooms, and separate gas and electric meters.
Where is this duplex located?
The property is located at 2027 N 47th St Unit 2029 Milwaukee, WI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 full bathroom; Updated kitchens and bathrooms in both units; Separate gas and electric meters for each unit
