2-Unit Duplex with Varied
2050 S 57th STREET, West Allis, WI 53219
For Sale
$300,000
Pending
Upper and lower apartments provide distinct bedroom configurations for owner occupancy or rental use.
Property Size1,931 SF
Days on Market11
Property Features for 2050 S 57th STREET
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
RE/MAX Forward
Listed By:
Joseph Cattani · License WI 98430-94
(414) 333-0430
Source:
Exsellexperts
Added: Oct 31
Changed: Nov 9
Last Checked: Nov 9 at 9:36AM
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 RE/MAX Forward
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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 1927, this 1,931-square-foot duplex contains two apartments. The upper unit has 1 bedroom and 1 bathroom; the lower unit has 3 bedrooms and 1 bathroom.
The property is located in West Allis, Wisconsin. Its two-unit configuration supports living in one apartment while renting the other, or operating both as rentals.
The property is located in West Allis, Wisconsin. Its two-unit configuration supports living in one apartment while renting the other, or operating both as rentals.
Key Highlights
- 1,931‑square‑foot duplex built in 1927
- Upper apartment: 1 bedroom and 1 bathroom
- Lower apartment: 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,363
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,260
$387.3K
Cap Rate 7%
$276,614
$276.6K
Cap Rate 9%
$215,144
$215.1K
Market Conditions
NOI Build-Up for 1,931 SF
Gross rent
$29.0K $15.00/SF
− Vacancy
−$1.3K −$0.68/SF
EGI
$27.7K $14.33/SF
− OpEx
−$8.3K −$4.30/SF
NOI
$19.4K $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 Rate 5%
$387,260
Cap Rate 7%
$276,614
Cap Rate 9%
$215,144
Alternative Uses
Best Use
Multifamily LT 5
$276.6K
$242.0K – $322.7K
NOI $19,363 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$247.7K
$216.7K – $289.0K
NOI $17,337 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$464.0K
$406.0K – $541.4K
NOI $32,483 @ 7.0% cap · market cap 10.83%
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
343
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
$190,300
Median Home Value
Market
Average Price Trend$/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 - Upper and lower apartments provide distinct bedroom configurations for owner occupancy or rental use.
Where is this duplex located?
The property is located at 2050 S 57th STREET West Allis, WI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,931‑square‑foot duplex built in 1927; Upper apartment: 1 bedroom and 1 bathroom; Lower apartment: 3 bedrooms and 1 bathroom
