Duplex with 2.5-Car
2047 S 86th Street, West Allis, WI 53227
For Sale
New
$324,900
Separate gas and electric utilities serve the two units.
Property Size1,956 SF
Price / SF$166.10
Days on Market4
Property Features for 2047 S 86th Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Multifamily Units
Individually Metered Utilities
Building Details
Building Size
Year Built
Listing Agency:
Remax Lakeside-Central
(414) 327-7020
Listed By:
Linda Laseke · License WI #52615
(414) 573-1169
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:00PM
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 Remax Lakeside-Central
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1929, this residential duplex contains 1,956 square feet. The lower apartment has hardwood floors, arched doorways, woodwork, built-in china cabinets, and an updated kitchen with custom cabinetry and a pantry. The upper apartment has a private entrance and spacious rooms.
The property also includes a 2.5-car garage and a large yard. Gas and electric utilities are separate between the units, and the property is zoned Res.
The property also includes a 2.5-car garage and a large yard. Gas and electric utilities are separate between the units, and the property is zoned Res.
Key Highlights
- 1,956‑square‑foot duplex built in 1929
- Lower unit includes hardwood floors, arched doorways, woodwork, and built‑in china cabinets
- Updated lower‑unit kitchen with custom cabinetry and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,961
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,220
$419.2K
Cap Rate 7%
$299,443
$299.4K
Cap Rate 9%
$232,900
$232.9K
Market Conditions
NOI Build-Up for 1,956 SF
Gross rent
$31.7K $16.20/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$29.9K $15.31/SF
− OpEx
−$9.0K −$4.59/SF
NOI
$21.0K $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%
$419,220
Cap Rate 7%
$299,443
Cap Rate 9%
$232,900
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.4K
NOI $20,961 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$267.5K
$234.1K – $312.1K
NOI $18,725 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$463.8K
$405.9K – $541.2K
NOI $32,469 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
Explore this area
Business Placement
Demographics for 53227, WI
23,310
Population
11,519
Households
2
Avg Household Size
40
Median Age
29%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
4,571
Density / Sq Mi
$71,594
Median Household Income
$46,886
Median Earnings
$1,057
Median Rent
$214,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Milwaukee County, WI
Properties on Market for Duplexes in Milwaukee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric utilities serve the two units.
Where is this duplex located?
The property is located at 2047 S 86th Street West Allis, WI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 1,956‑square‑foot duplex built in 1929; Lower unit includes hardwood floors, arched doorways, woodwork, and built‑in china cabinets; Updated lower‑unit kitchen with custom cabinetry and pantry
