Updated Duplex with Fenced
For Sale
$360,000
2045 N Hubbard St, Milwaukee, WI 53212
Two remodeled units feature an upper-and-lower configuration with updated major building systems.
Property Size2,592 SF
Price / SF$138.89
Days on Market56
Property Features for 2045 N Hubbard St
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
fenced backyard
Building Details
Year Built
1903
Year Renovated
2022
Buildings
1
Listing Agency:
SNSHN Realty LLC
Listed By:
Anna Cihla · License #5965690
(608) 333-2827
Source:
Nikolicgroup
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 13 at 12:59AM
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 SNSHN Realty LLC
Investment Insights
Based on property information with market context.
This 2,592-square-foot duplex contains upper and lower units, both remodeled in 2022. Major property improvements include a rubber roof installed in 2023, new furnaces added in 2022, and a new upper water heater from 2022. The building dates to 1903 and includes a fenced backyard that adds private outdoor space.
Located in Milwaukee’s Brewers Hill, the property offers access to downtown Milwaukee, restaurants, and entertainment. The combination of two renovated units, recent mechanical updates, and outdoor space provides a clearly defined multifamily configuration.
Located in Milwaukee’s Brewers Hill, the property offers access to downtown Milwaukee, restaurants, and entertainment. The combination of two renovated units, recent mechanical updates, and outdoor space provides a clearly defined multifamily configuration.
Key Highlights
- 2,592 SF duplex with upper and lower units
- Both units remodeled in 2022
- New rubber roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,073
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,460
$521.5K
Cap Rate 7%
$372,471
$372.5K
Cap Rate 9%
$289,700
$289.7K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$38.9K $15.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$37.2K $14.37/SF
− OpEx
−$11.2K −$4.31/SF
NOI
$26.1K $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%
$521,460
Cap Rate 7%
$372,471
Cap Rate 9%
$289,700
Alternative Uses
Best Use
Multifamily LT 5
$372.5K
$325.9K – $434.6K
NOI $26,073 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$344.9K
$301.8K – $402.4K
NOI $24,142 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$622.9K
$545.0K – $726.7K
NOI $43,602 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,453
Businesses Nearby
Explore this area
Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
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 - Two remodeled units feature an upper-and-lower configuration with updated major building systems.
Where is this duplex located?
The property is located at 2045 N Hubbard St Milwaukee, WI.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,592 SF duplex with upper and lower units; Both units remodeled in 2022; New rubber roof installed in 2023
