Duplex with Two-Story Upper
2211-2209 N Newhall Street, Milwaukee, WI 53202
For Sale
New
$365,000
The vacant property includes a rear off-street parking slab and nearby dining, recreation, and trail access.
Property Size2,132 SF
Price / SF$171.20
Days on Market7
Property Features for 2211-2209 N Newhall Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
The Real Estate Edge, LLC
(262) 370-0580
Listed By:
Bret Duer · License WI #9259694
(920) 901-3661
Source:
Exprealty
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 10 at 2:36PM
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 The Real Estate Edge, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,132-square-foot duplex has an upper unit arranged across two finished floors, with a full bathroom on each level. The property is vacant and includes a large parking slab at the rear for off-street parking.
North Avenue restaurants and coffee shops, the Oriental Theatre, Black Cat Alley, and the Oak Leaf Trail are nearby. Riverside Park and the Urban Ecology Center provide additional nearby recreation options.
North Avenue restaurants and coffee shops, the Oriental Theatre, Black Cat Alley, and the Oak Leaf Trail are nearby. Riverside Park and the Urban Ecology Center provide additional nearby recreation options.
Key Highlights
- 2,132‑square‑foot duplex
- Upper unit spans two finished floors, with a full bathroom on each level
- Large rear slab provides off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,446
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,920
$428.9K
Cap Rate 7%
$306,371
$306.4K
Cap Rate 9%
$238,289
$238.3K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$32.0K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$30.6K $14.37/SF
− OpEx
−$9.2K −$4.31/SF
NOI
$21.4K $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%
$428,920
Cap Rate 7%
$306,371
Cap Rate 9%
$238,289
Alternative Uses
Best Use
Multifamily LT 5
$306.4K
$268.1K – $357.4K
NOI $21,446 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$283.7K
$248.2K – $331.0K
NOI $19,857 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$512.3K
$448.3K – $597.7K
NOI $35,864 @ 7.0% cap · market cap 9.83%
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
2,382
Businesses Nearby
Explore this area
Business Placement
Demographics for 53202, WI
27,897
Population
18,629
Households
1.5
Avg Household Size
31
Median Age
66%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
13,284
Density / Sq Mi
$68,482
Median Household Income
$52,339
Median Earnings
$1,234
Median Rent
$298,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The vacant property includes a rear off-street parking slab and nearby dining, recreation, and trail access.
Where is this duplex located?
The property is located at 2211-2209 N Newhall Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,132‑square‑foot duplex; Upper unit spans two finished floors, with a full bathroom on each level; Large rear slab provides off‑street parking
