Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2241 N 54Th St Milwaukee, WI 53208

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $259,000

    Fully furnished duplex in Washington Heights, ideal for rental income.

    Property size:
    1,518 SF
    Lot size:
    0.11 Acres

    Property Features for 2241 N 54Th St

    General Information

    Size
    1,518 SF
    Lot size
    0.11 Acres

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    Helen Zielinski
    Source: Kw

    Listing Agent: Helen Zielinski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Furnished Duplex in Washington Heights

    This furnished duplex is located in the Washington Heights neighborhood. The property features two units, each currently leased until November 1, 2025, and utilized as rentals for traveling nurses. The lower unit includes a kitchen equipped with a stove, refrigerator, and dishwasher, as well as central air conditioning and two bedrooms with a large living/dining room. The upper unit has a kitchen with a stove and refrigerator, window air conditioning, a large living room, and a bedroom. The basement provides storage space, two washer/dryer units, and a partial recreation room. A detached two-car garage is accessible via the driveway. The lower unit is rented for $1650, and the upper unit is rented for $1300. The property size is 1518 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9811593
    Latitude
    43.0602107

    Nearby Similar for Sale

    • $1,800,000
      119,000 SF

      Unique Multi-Building Redevelopment Opportunity

      Four buildings with diverse potential in Milwaukee, Wisconsin.
      4700 N 39Th St, Milwaukee, WI 53209
      View Details
    • $257,000
      0.08 Acres

      Well-Maintained Duplex Near State Fair Park

      Well-maintained duplex with long-term tenants and recent upgrades.
      521 S 75Th St, Milwaukee, WI 53214
      View Details
    • $870,000
      7,868 SF

      Riverwest Mixed-Use Investment Opportunity

      Fully leased mixed-use building in Riverwest with strong cash flow.
      2600 N Booth St, Milwaukee, WI 53212
      View Details
    • $304,900
      0.17 Acres

      West Allis Two-Family Home

      Well-maintained duplex in West Allis, ideal for owners or investors.
      2053 S 91St St, Milwaukee, WI 53227
      View Details
    • $374,900
      2,690 SF

      Freestanding Commercial Property on MLK

      Turnkey auto shop opportunity in high-traffic Milwaukee corridor.
      3210 N Dr Martin Luther King Jr Dr, Milwaukee, WI 53212
      View Details
    • $300,000
      0.09 Acres

      Mixed-Use Property: Investment Opportunity

      Mixed-use property with storefront and three turnkey rentals in Milwaukee.
      2411 W Mitchell St, Milwaukee, WI 53204
      View Details
    • $4,399,000
      96,680 SF

      Milwaukee Warehouse/Manufacturing Facility For Sale

      96,680 SF industrial facility on 8.15 acres in Milwaukee-South.
      2929 S Chase Ave, Milwaukee, WI 53207
      View Details
    • $249,900
      0.08 Acres

      Milwaukee Duplex in Muskego Way

      Spacious duplex in vibrant neighborhood with strong rental income.
      1815 W Becher St, Milwaukee, WI 53215
      View Details
    • $279,900
      0.09 Acres

      Updated Duplex in Milwaukee

      Updated duplex with spacious units and modern amenities in Milwaukee.
      1321 S 22Nd St, Milwaukee, WI 53204
      View Details
    • $154,500
      0.08 Acres

      Refreshed Duplex Near Columbia Park

      Updated Milwaukee duplex, ideal for owner-occupants or investors.
      2939 N 13Th St, Milwaukee, WI 53206
      View Details
    • $230,000
      0.10 Acres

      West Milwaukee Brick Tudor Duplex

      Charming duplex near VA grounds, ideal for owners or investors.
      5409 W National Ave, Milwaukee, WI 53214
      View Details
    • $169,900
      0.11 Acres

      Renovated Milwaukee Duplex Near Amenities

      Updated 2-unit property with income potential in convenient location.
      2661 N 44Th St, Milwaukee, WI 53210
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully furnished duplex in Washington Heights, ideal for rental income.
    Where is this duplex located?
    The property is located at 2241 N 54Th St Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: - Fully furnished duplex in the desirable Washington Heights neighborhood.; - Both units currently leased until November 1, 2025, providing immediate rental income.; - Lower unit features **central air conditioning and a dishwasher.**
    (414) 588-3344
    Request Owner's contact information
    2241 N 54Th St Milwaukee, WI 53208
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2241 N 54Th St
    Milwaukee, WI 53208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2241 N 54Th St Milwaukee, WI 53208
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Helen Zielinski
    (414) 588-3344
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.