Building Details

Year Built 1965

Buildings 1

Construction brick

Listing Agency: Guardian Investment Real Estate Co., Inc.

Listed By: Kali Restivo Show Phone

Source: Jwregwi

Added: Aug 3 Changed: Sep 15 Last Checked: Oct 13 at 2:05AM

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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 Guardian Investment Real Estate Co., Inc.

Investment Insights

Based on property information with market context.

This 2,464-square-foot brick duplex contains two residential units with three bedrooms per unit. Interior improvements include hardwood floors, updated bathrooms, and remodeled kitchens featuring expanded cabinet storage and new countertops. Large windows and ceiling fans are installed throughout the bedrooms, kitchens, and living rooms, supporting comfortable everyday use and natural illumination. The upper unit also includes a private outdoor patio.

Built in 1965, the property is located at 2150 S 83rd St Unit 2152 in West Allis, Wisconsin. The configuration provides distinct living spaces within a single multifamily property, with storage areas and ample room for household use in each unit.

Key Highlights

• Two‑unit duplex with 3 bedrooms per unit
• 2,464 square feet of total property size
• Brick construction built in 1965

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,708

Cap Rate

6.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$494,160 $494.2K

Cap Rate 7%

$352,971 $353.0K

Cap Rate 9%

$274,533 $274.5K

Market Conditions

NOI Build-Up for 2,464 SF

Gross rent

$37.0K $15.00/SF

− Vacancy

−$1.7K −$0.68/SF

EGI

$35.3K $14.33/SF

− OpEx

−$10.6K −$4.30/SF

NOI

$24.7K $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%

$494,160

Cap Rate 7%

$352,971

Cap Rate 9%

$274,533

Alternative Uses

Best Use

Multifamily LT 5

$353.0K

$308.9K – $411.8K (±1% cap)

NOI $24,708 @ 7.0% cap · market cap 6.18%

Second Best

Apartment 5plus

$316.0K

$276.5K – $368.7K (±1% cap)

NOI $22,123 @ 7.0% cap · market cap 5.53%

Theoretical Best

Office A

$592.1K

$518.1K – $690.8K (±1% cap)

NOI $41,448 @ 7.0% cap · market cap 10.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Cafe & Coffee Shop Skin Care Clinic Gym & Fitness Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer three bedrooms each, refreshed kitchens and baths, hardwood flooring, and an upper-level patio.

Where is this duplex located?

The property is located at 2150 S 83rd St Unit 2152 West Allis, WI.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: Two‑unit duplex with 3 bedrooms per unit; 2,464 square feet of total property size; Brick construction built in 1965