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Updated Duplex Rental Property
For Sale
$119,000

2203 W Melvina St, Milwaukee, WI 53206

Two matching units each provide two bedrooms, one bath, and off-street parking.

Property Size2,436 SF
Price / SF$48.85
Days on Market23

Property Features for 2203 W Melvina St

General Information

Standard status Active
Size 2,436 SF
Property subtype Residential Income

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,420
Listing Agency: Riverwest Realty Milwaukee
Listed By: Lance Wooten Team* · License #5737190
Source: Exprealty
Added: Aug 10 Changed: Aug 21 Last Checked: Aug 30 at 8:37PM

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 Riverwest Realty Milwaukee

Investment Insights

Based on property information with market context.

This duplex contains 2,436 square feet arranged as two residential units, with each unit offering two bedrooms and one bathroom. Both apartments have received cosmetic updates within the last year, while newer windows, mechanical systems, and roofing contribute to the property’s recent improvements. Off-street parking serves the building, and tenants are already in place.

Located at 2203 W Melvina St in Milwaukee, the property offers a residential income configuration suited to multifamily ownership. The two-unit layout provides a straightforward operating structure, with consistent unit plans and updated interior finishes across both residences.

Key Highlights

  • 2,436‑square‑foot duplex with two residential units
  • Each unit includes 2 bedrooms and 1 bath
  • Cosmetic improvements completed in the last year

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Parking Lot & Garage Gym & Fitness 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

489
Businesses Nearby

Demographics for 53206, WI

22,816
Population
10,077
Households
2.3
Avg Household Size
32
Median Age
7%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
8,450
Density / Sq Mi
$28,995
Median Household Income
$25,655
Median Earnings
$998
Median Rent
$70,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two matching units each provide two bedrooms, one bath, and off-street parking.
Where is this duplex located?
The property is located at 2203 W Melvina St Milwaukee, WI.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: 2,436‑square‑foot duplex with two residential units; Each unit includes 2 bedrooms and 1 bath; Cosmetic improvements completed in the last year
More about this property
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