Duplex with Modern
2147 S 72nd Street, West Allis, WI 53219
For Sale
$349,900
The upper and lower residences each include LVP flooring, quartz countertops, and stainless steel appliances.
Property Size2,200 SF
Price / SF$159.05
Days on Market9
Property Features for 2147 S 72nd Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Real Broker Milwaukee
Listed By:
Nathan Hayes
(262) 894-4798
Source:
Coactionrealestate
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 8 at 9:29AM
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
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Investment Insights
Based on property information with market context.
Built in 2006, this 2,200-square-foot duplex has an upper unit and a lower unit. Both residences have been remodeled and feature LVP flooring, quartz countertops, and stainless steel appliances.
The property is at 2147 S 72nd Street in West Allis, Wisconsin.
The property is at 2147 S 72nd Street in West Allis, Wisconsin.
Key Highlights
- Upper/lower duplex configuration
- 2,200 square feet
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,061
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,220
$441.2K
Cap Rate 7%
$315,157
$315.2K
Cap Rate 9%
$245,122
$245.1K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$33.0K $15.00/SF
− Vacancy
−$1.5K −$0.68/SF
EGI
$31.5K $14.33/SF
− OpEx
−$9.5K −$4.30/SF
NOI
$22.1K $10.03/SF
Area
ZIP 53219
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,220
Cap Rate 7%
$315,157
Cap Rate 9%
$245,122
Alternative Uses
Best Use
Multifamily LT 5
$315.2K
$275.8K – $367.7K
NOI $22,061 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$282.2K
$246.9K – $329.2K
NOI $19,752 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$528.7K
$462.6K – $616.8K
NOI $37,008 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 53219, WI
34,925
Population
15,661
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
90%
High-School Grad
5.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$70,998
Median Household Income
$43,223
Median Earnings
$971
Median Rent
$190,300
Median Home Value
Market
Average Price Trend$/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 - The upper and lower residences each include LVP flooring, quartz countertops, and stainless steel appliances.
Where is this duplex located?
The property is located at 2147 S 72nd Street West Allis, WI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Upper/lower duplex configuration; 2,200 square feet; Built in 2006
