Stone-Exterior
For Sale
$319,900
2139 N 55th St, Milwaukee, WI 53208
Both residences have remodeled kitchens and baths, with original hardwood flooring and built-in details retained.
Property Size2,626 SF
Price / SF$121.82
Days on Market8
Property Features for 2139 N 55th St
General Information
Standard status
Active
Size
2,626 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1921
Construction
stone
Listing Agency:
Premier Point Realty LLC
Listed By:
Erica Winship · License #40219
(262) 224-5843
Source:
Nikolicgroup
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 5 at 11:00PM
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 Premier Point Realty LLC
Investment Insights
Based on property information with market context.
Built in 1921, this duplex pairs a stone exterior with two updated residences. Each unit has a remodeled kitchen and bath, refinished hardwood flooring, preserved built-ins, and refreshed lighting. Appliances are included. The property also has a walk-up attic, two upper-level balconies, a detached two-car garage, additional slab parking, and a maintained yard.
The balconies provide views of the Milwaukee skyline. Parks, dining, Wauwatosa, and Downtown Milwaukee are identified nearby. A roof replacement and new water heaters are among the updates completed during current ownership.
The balconies provide views of the Milwaukee skyline. Parks, dining, Wauwatosa, and Downtown Milwaukee are identified nearby. A roof replacement and new water heaters are among the updates completed during current ownership.
Key Highlights
- Two‑unit duplex with a stone exterior, built in 1921
- Remodeled kitchens and baths in both units
- Refinished hardwood floors and preserved built‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,415
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,300
$528.3K
Cap Rate 7%
$377,357
$377.4K
Cap Rate 9%
$293,500
$293.5K
Market Conditions
NOI Build-Up for 2,626 SF
Gross rent
$39.4K $15.00/SF
− Vacancy
−$1.7K −$0.63/SF
EGI
$37.7K $14.37/SF
− OpEx
−$11.3K −$4.31/SF
NOI
$26.4K $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%
$528,300
Cap Rate 7%
$377,357
Cap Rate 9%
$293,500
Alternative Uses
Best Use
Multifamily LT 5
$377.4K
$330.2K – $440.3K
NOI $26,415 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$349.4K
$305.7K – $407.6K
NOI $24,458 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$631.1K
$552.2K – $736.2K
NOI $44,174 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have remodeled kitchens and baths, with original hardwood flooring and built-in details retained.
Where is this duplex located?
The property is located at 2139 N 55th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two‑unit duplex with a stone exterior, built in 1921; Remodeled kitchens and baths in both units; Refinished hardwood floors and preserved built‑ins
