Duplex Requiring Extensive
2233 South Woodward Street Milwaukee, WI 53207
2233 South Woodward Street, Milwaukee, WI, 53207
$330,200
For Sale
$330,200
Duplex offered as part of a three-property package and sold as-is with extensive interior and exterior updates needed.
Property Size1,616 SF
Price / SF$204.33
Days on Market11
Property Features for 2233 South Woodward Street
General Information
- Standard status
- Active
- Size
- 1,616 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1893
Listing agency
Milwaukee Realty, Inc.
(414) 224-7200
Listed by
David Price · License #51883-90
(414) 224-7200
Source
Compass
Added: Jul 13 Updated: Jul 21 at 4:09AM Checked: Jul 22 at 10:03AM
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 Milwaukee Realty, Inc.
Investment Insights
Based on property information with market context.
This duplex is part of a three-property package being offered for sale. The seller intends to sell the portfolio as a whole, and all properties require extensive updates both inside and out. The duplex is sold as-is, and the seller makes no warranties or representations regarding property condition.
The offering includes 2230 S Woodward, 2233 S Woodward, and 2237 S Woodward in Milwaukee, WI. The seller notes that the properties will probably not allow conventional financing. Proof of appropriate financing and a signed Hold harmless and Waiver of Liability form in MLS is required prior to showings for anyone entering the properties.
Prospective purchasers should plan for renovation work and confirm financing requirements prior to scheduling a showing.
The offering includes 2230 S Woodward, 2233 S Woodward, and 2237 S Woodward in Milwaukee, WI. The seller notes that the properties will probably not allow conventional financing. Proof of appropriate financing and a signed Hold harmless and Waiver of Liability form in MLS is required prior to showings for anyone entering the properties.
Prospective purchasers should plan for renovation work and confirm financing requirements prior to scheduling a showing.
Key Highlights
- Duplex sold as‑is as part of a three‑property package
- All 3 properties in the package require extensive interior and exterior updates
- Year built: 1893
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.2k | $15.00 |
| − Vacancy | −$1.0k | −$0.63 |
| EGI | $23.2k | $14.37 |
| − OpEx | −$7.0k | −$4.31 |
| NOI | $16.3k | $10.06 |
1,616 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$232.2K
$203.2K – $270.9K
NOI $16,255 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$215.0K
$188.1K – $250.9K
NOI $15,051 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$388.3K
$339.8K – $453.1K
NOI $27,184 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offered as part of a three-property package and sold as-is with extensive interior and exterior updates needed.
Where is this duplex located?
The property is located at 2233 South Woodward Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $330,200.
What are key features of this property?
This property features: Duplex sold as‑is as part of a three‑property package; All 3 properties in the package require extensive interior and exterior updates; Year built: 1893
