Upgraded Duplex with
206 North 68th Street Milwaukee, WI 53213
206 North 68th Street, Milwaukee, WI, 53213
$285,000
For Sale
$285,000
Turn-key 2-unit duplex featuring vinyl siding, new windows, updated interiors, and a patio-ready yard with off-street parking.
Property Size1,493 SF
Price / SF$190.89
Days on Market42
Property Features for 206 North 68th Street
General Information
- Standard status
- Active
- Size
- 1,493 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1926
Listing agency
Real Broker Milwaukee
(262) 622-5977
Listed by
Tyler Vandermolen · License #94248-94
(262) 622-5977
Source
Compass
Added: Jun 10 Updated: Jul 21 at 3:59AM Checked: Jul 21 at 3:59AM
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 Real Broker Milwaukee
Investment Insights
Based on property information with market context.
This turn-key duplex offers two residential units, configured as 2/1 and 1/1 layouts. The exterior has been well upgraded with vinyl siding, aluminum wrapping, and new windows. Interior updates include new vinyl replacement windows, quartz countertops, new sinks and faucets in the kitchen, freshly painted walls, refinished hardwood floors, new LVP, updated cabinet hardware, and some lighting.
The property includes basement storage and a fenced yard with a concrete slab providing patio space. Off-street parking is available with a three-car parking pad in the back, along with an owner’s shed.
Additional exterior and interior improvements support a ready-to-occupy setup, with upgrades carried through both finishes and core kitchen components.
The property includes basement storage and a fenced yard with a concrete slab providing patio space. Off-street parking is available with a three-car parking pad in the back, along with an owner’s shed.
Additional exterior and interior improvements support a ready-to-occupy setup, with upgrades carried through both finishes and core kitchen components.
Key Highlights
- 2‑unit duplex (2/1 and 1/1) with an estimated 1,493 total SF
- Built in 1926 with full block basement and plenty of storage
- Upgraded exterior with vinyl siding, aluminum wrapping, and replacement windows
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.4k | $15.00 |
| − Vacancy | −$941 | −$0.63 |
| EGI | $21.5k | $14.37 |
| − OpEx | −$6.4k | −$4.31 |
| NOI | $15.0k | $10.06 |
1,493 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.5K
$187.7K – $250.3K
NOI $15,018 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$198.7K
$173.8K – $231.8K
NOI $13,906 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$358.8K
$313.9K – $418.6K
NOI $25,115 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Turn-key 2-unit duplex featuring vinyl siding, new windows, updated interiors, and a patio-ready yard with off-street parking.
Where is this duplex located?
The property is located at 206 North 68th Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 2‑unit duplex (2/1 and 1/1) with an estimated 1,493 total SF; Built in 1926 with full block basement and plenty of storage; Upgraded exterior with vinyl siding, aluminum wrapping, and replacement windows
