Two-Unit Duplex with
For Sale
$359,900
2032 N 58th St, Milwaukee, WI 53208
Milwaukee duplex with updated kitchens, period details, flexible living space, and a shared driveway serving the garage.
Property Size2,214 SF
Price / SF$162.56
Days on Market10
Property Features for 2032 N 58th St
General Information
Standard status
Active
Size
2,214 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1926
Buildings
1
Listing Agency:
First Weber Inc -NPW
Listed By:
Margaret Berens
(262) 443-2132
Source:
Levelupwi
Added: Sep 18
Changed: Sep 23
Last Checked: Sep 26 at 8:47AM
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 First Weber Inc -NPW
Investment Insights
Based on property information with market context.
Built in 1926, this 2,214-square-foot duplex pairs preserved architectural details with practical updates. Hardwood floors, built-in cabinetry, leaded glass, and other period features define the interiors, while both units have updated kitchens. The upper residence includes 2 bedrooms and a bonus room suitable for office or flex use; the lower residence provides 3 bedrooms.
A shared driveway leads to a spacious garage with additional space on the second floor. The property is located at 2032 N 58th St in Milwaukee’s Washington Heights neighborhood. An UHP Home Warranty is offered with the property.
A shared driveway leads to a spacious garage with additional space on the second floor. The property is located at 2032 N 58th St in Milwaukee’s Washington Heights neighborhood. An UHP Home Warranty is offered with the property.
Key Highlights
- 2,214‑square‑foot duplex built in 1926
- Upper unit includes 2 bedrooms and a bonus room
- Lower unit features 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,271
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$445,420
$445.4K
Cap Rate 7%
$318,157
$318.2K
Cap Rate 9%
$247,456
$247.5K
Market Conditions
NOI Build-Up for 2,214 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.2K $15.00/SF
− Vacancy
−$1.4K −$0.63/SF
EGI
$31.8K $14.37/SF
− OpEx
−$9.5K −$4.31/SF
NOI
$22.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$445,420
Cap Rate 7%
$318,157
Cap Rate 9%
$247,456
Alternative Uses
Best Use
Multifamily LT 5
$318.2K
$278.4K – $371.2K
NOI $22,271 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$294.6K
$257.8K – $343.7K
NOI $20,621 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$532.0K
$465.5K – $620.7K
NOI $37,243 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
792
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Milwaukee duplex with updated kitchens, period details, flexible living space, and a shared driveway serving the garage.
Where is this duplex located?
The property is located at 2032 N 58th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 2,214‑square‑foot duplex built in 1926; Upper unit includes 2 bedrooms and a bonus room; Lower unit features 3 bedrooms
