Duplex with Updated
For Sale
$369,900
2032 N 58th St, Milwaukee, WI 53219
Two residential units combine period detailing, flexible room layouts, and shared garage access in Milwaukee’s Washington Heights neighborhood.
Property Size2,214 SF
Price / SF$167.07
Days on Market19
Property Features for 2032 N 58th St
General Information
Standard status
Active
Size
2,214 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,365
Listing Agency:
First Weber Inc -NPW
(262) 443-2132
Listed By:
Margaret Berens
(262) 443-2132
Source:
Exprealty
Added: Aug 13
Changed: Aug 30
Last Checked: Aug 30 at 9:26PM
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.
This duplex contains two residential units within a building featuring 1920s-era architectural character. Hardwood floors, built-in cabinetry, leaded-glass details, and other period elements remain, while both kitchens have been updated. The upper unit includes two bedrooms and a bonus room suitable for office or flex use; the lower unit provides three bedrooms.
A shared driveway connects to a spacious garage with an additional second-floor area. The property is located at 2032 N 58th St in Milwaukee’s Washington Heights neighborhood and offers 2,214 square feet of property size. The configuration supports either owner occupancy or use as a residential investment property.
A shared driveway connects to a spacious garage with an additional second-floor area. The property is located at 2032 N 58th St in Milwaukee’s Washington Heights neighborhood and offers 2,214 square feet of property size. The configuration supports either owner occupancy or use as a residential investment property.
Key Highlights
- Duplex with 2,214 SF of property size
- Upper unit has 2 bedrooms plus a bonus room
- Lower unit includes 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
$22,201
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
6.00%
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%
$444,020
$444.0K
Cap Rate 7%
$317,157
$317.2K
Cap Rate 9%
$246,678
$246.7K
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
−$1.5K −$0.68/SF
EGI
$31.7K $14.33/SF
− OpEx
−$9.5K −$4.30/SF
NOI
$22.2K $10.03/SF
Area
ZIP 53219
Vacancy
4.50%
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%
$444,020
Cap Rate 7%
$317,157
Cap Rate 9%
$246,678
Alternative Uses
Best Use
Multifamily LT 5
$317.2K
$277.5K – $370.0K
NOI $22,201 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$284.0K
$248.5K – $331.3K
NOI $19,878 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$532.0K
$465.5K – $620.7K
NOI $37,243 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 53219, WI
34,925
Population
15,661
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
90%
High-School Grad
5.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$70,998
Median Household Income
$43,223
Median Earnings
$971
Median Rent
$190,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine period detailing, flexible room layouts, and shared garage access in Milwaukee’s Washington Heights neighborhood.
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 $369,900.
What are key features of this property?
This property features: Duplex with 2,214 SF of property size; Upper unit has 2 bedrooms plus a bonus room; Lower unit includes 3 bedrooms
