Two-Family Duplex with Private
2105 Ludington Ave, Wauwatosa, WI 53226
For Sale
$574,900
Each residence has its own kitchen and in-unit laundry, with separate outdoor areas for the upper and lower units.
Property Size2,850 SF
Price / SF$201.72
Days on Market81
Property Features for 2105 Ludington Ave
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
stainless appliances
dishwashers
in-unit laundry
private balcony
concrete patio
Building Details
Year Built
Units
Tenancy
Listing Agency:
Ease Investment Realty LLC
Listed By:
Benjamin Wiesner
(414) 899-7393
Source:
Esorgroup
Added: Aug 21
Changed: Nov 7
Last Checked: Nov 8 at 5:15AM
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 Ease Investment Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1951, this 2,850-square-foot duplex contains two residences. Both kitchens have stainless steel appliances and dishwashers, and each unit has in-unit laundry. The upper unit features two bedrooms, substantial closet and storage space, and a private balcony; the lower unit has a concrete patio. The layout may accommodate conversion to a single-family residence. Zoning is MR Mixed Resid.
The property is in Wauwatosa, near a park, coffee shops, a beer garden, Sendik’s, and Tosa Village. Building updates include furnaces installed in 2013, water heaters from 2024, and most windows replaced in 2015. The lower unit is occupied by a month-to-month tenant.
The property is in Wauwatosa, near a park, coffee shops, a beer garden, Sendik’s, and Tosa Village. Building updates include furnaces installed in 2013, water heaters from 2024, and most windows replaced in 2015. The lower unit is occupied by a month-to-month tenant.
Key Highlights
- 2,850 sqft two‑family property
- Two bedrooms, private balcony, and expanded closet and storage space in the upper unit
- Concrete patio serving the lower unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,541
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,820
$610.8K
Cap Rate 7%
$436,300
$436.3K
Cap Rate 9%
$339,344
$339.3K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$46.2K $16.20/SF
− Vacancy
−$2.5K −$0.89/SF
EGI
$43.6K $15.31/SF
− OpEx
−$13.1K −$4.59/SF
NOI
$30.5K $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%
$610,820
Cap Rate 7%
$436,300
Cap Rate 9%
$339,344
Alternative Uses
Best Use
Multifamily LT 5
$436.3K
$381.8K – $509.0K
NOI $30,541 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$389.8K
$341.0K – $454.7K
NOI $27,283 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$675.8K
$591.4K – $788.5K
NOI $47,309 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 53226, WI
19,921
Population
8,912
Households
2.2
Avg Household Size
37
Median Age
60%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
2,930
Density / Sq Mi
$86,361
Median Household Income
$57,753
Median Earnings
$1,348
Median Rent
$301,400
Median Home Value
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Market
Average Price Trend$/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 - Each residence has its own kitchen and in-unit laundry, with separate outdoor areas for the upper and lower units.
Where is this duplex located?
The property is located at 2105 Ludington Ave Wauwatosa, WI.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: 2,850 sqft two‑family property; Two bedrooms, private balcony, and expanded closet and storage space in the upper unit; Concrete patio serving the lower unit
