Two-Unit Residential Income
2065 South 28th Street Milwaukee, WI 53215
2065 South 28th Street, Milwaukee, WI, 53215
$247,500
For Sale
$247,500
Single-family structure configured as two rental units with front porch and three off-street parking spaces.
Property Size1,651 SF
Price / SF$149.91
Days on Market43
Property Features for 2065 South 28th Street
General Information
- Standard status
- Active
- Size
- 1,651 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1912
Listing agency
Century 21 Affiliated-Wauwatosa
(262) 332-2233
Listed by
Vickie K Kelsall · License #55646-90
(262) 332-2233
Source
Compass
Added: Jun 10 Updated: Jul 21 at 5:37PM Checked: Jul 21 at 5:37PM
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 Century 21 Affiliated-Wauwatosa
Investment Insights
Based on property information with market context.
This single-family home is currently set up as a two-unit rental property. The upper unit features a large one-bedroom layout with a loft, while the lower unit includes two bedrooms plus two sizable living spaces and a spacious kitchen.
The property also includes a front porch and offers three off-street parking spots for tenant convenience. It is being operated as short-term rentals, with the current owner renting to traveling nurses on short-term contracts.
Showings are scheduled for 6/12 from 3–5 PM and 6/13 & 6/14 from 10–12 PM only for this weekend.
The property also includes a front porch and offers three off-street parking spots for tenant convenience. It is being operated as short-term rentals, with the current owner renting to traveling nurses on short-term contracts.
Showings are scheduled for 6/12 from 3–5 PM and 6/13 & 6/14 from 10–12 PM only for this weekend.
Key Highlights
- Single‑family home configured as a profitable two‑unit rental setup
- Year built 1912; stucco construction; full basement
- Upper unit: 1 bedroom plus loft; 1 full bath
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 | $28.7k | $17.40 |
| − Vacancy | −$1.3k | −$0.78 |
| EGI | $27.4k | $16.62 |
| − OpEx | −$8.2k | −$4.99 |
| NOI | $19.2k | $11.63 |
1,651 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.3K
$240.1K – $320.1K
NOI $19,204 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$246.1K
$215.3K – $287.1K
NOI $17,224 @ 7.0% cap · market cap 6.96%
Theoretical Best
Warehouse
$1.25M
$1.10M – $1.46M
NOI $87,602 @ 7.0% cap · market cap 35.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Single-family structure configured as two rental units with front porch and three off-street parking spaces.
Where is this duplex located?
The property is located at 2065 South 28th Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $247,500.
What are key features of this property?
This property features: Single‑family home configured as a profitable two‑unit rental setup; Year built 1912; stucco construction; full basement; Upper unit: 1 bedroom plus loft; 1 full bath
