Duplex with Fenced
For Sale
$174,000
2106 N 42nd St, Milwaukee, WI 53208
Two separately leased residences include flexible bedroom layouts, shared garage parking, and private outdoor space.
Property Size1,538 SF
Price / SF$113.13
Days on Market75
Property Features for 2106 N 42nd St
General Information
Standard status
Active
Size
1,538 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 4BR
Multifamily Units
2
Amenities
fenced backyard
Building Details
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Lakeside-South
Listed By:
Alejandro Soto Melgoza · License #9577994
(414) 339-8809
Source:
Nikolicgroup
Added: Aug 4
Changed: Oct 3
Last Checked: Oct 7 at 1:07PM
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 Lakeside-South
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Investment Insights
Based on property information with market context.
This 1,538-square-foot duplex, built in 1910, contains two residential units with distinct layouts. The lower residence has 2 bedrooms, a living room, dining area, and full kitchen. The upper residence includes 4 bedrooms, a living room, dining area, and kitchen. A fenced backyard provides dedicated outdoor space, while the property also includes a 2.5-car garage.
Both units are occupied under month-to-month leases. The property is located at 2106 N 42nd St in Milwaukee, Wisconsin, within ZIP code 53208.
Both units are occupied under month-to-month leases. The property is located at 2106 N 42nd St in Milwaukee, Wisconsin, within ZIP code 53208.
Key Highlights
- Two‑unit duplex with 1,538 square feet of building area
- Lower unit includes 2 bedrooms, living room, dining area, and full kitchen
- Upper unit offers 4 bedrooms, living room, dining area, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,471
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,420
$309.4K
Cap Rate 7%
$221,014
$221.0K
Cap Rate 9%
$171,900
$171.9K
Market Conditions
NOI Build-Up for 1,538 SF
Gross rent
$23.1K $15.00/SF
− Vacancy
−$969 −$0.63/SF
EGI
$22.1K $14.37/SF
− OpEx
−$6.6K −$4.31/SF
NOI
$15.5K $10.06/SF
Area
Milwaukee, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,420
Cap Rate 7%
$221,014
Cap Rate 9%
$171,900
Alternative Uses
Best Use
Multifamily LT 5
$221.0K
$193.4K – $257.9K
NOI $15,471 @ 7.0% cap · market cap 8.89%
Second Best
Apartment 5plus
$204.6K
$179.1K – $238.8K
NOI $14,325 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$369.6K
$323.4K – $431.2K
NOI $25,872 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
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Business Placement
Demographics for 53208, WI
29,644
Population
13,778
Households
2.2
Avg Household Size
33
Median Age
31%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
7,058
Density / Sq Mi
$50,585
Median Household Income
$40,729
Median Earnings
$924
Median Rent
$196,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately leased residences include flexible bedroom layouts, shared garage parking, and private outdoor space.
Where is this duplex located?
The property is located at 2106 N 42nd St Milwaukee, WI.
What is the asking price?
The asking price for this property is $174,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,538 square feet of building area; Lower unit includes 2 bedrooms, living room, dining area, and full kitchen; Upper unit offers 4 bedrooms, living room, dining area, and kitchen
