Duplex with Parking
For Sale
$399,900
2243 S Woodward St, Milwaukee, WI 53207
RES-zoned duplex with newer major systems and a large parking slab.
Property Size1,900 SF
Price / SF$210.47
Days on Market53
Property Features for 2243 S Woodward St
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Realty of America LLC
Listed By:
Miguel E Perea De La Cruz
(414) 731-9829
Source:
Levelupwi
Added: Aug 25
Changed: Oct 9
Last Checked: Oct 15 at 12:01AM
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 Realty of America LLC
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Investment Insights
Based on property information with market context.
This two-unit residential property offers a flexible configuration supported by substantial capital improvements. The roof, windows, furnaces, and water heaters have been replaced with newer systems, providing important updates for future occupancy or rental operations. RES zoning supports its residential use, while the layout is positioned for owner-occupancy, long-term rental, or short-term rental use as described.
Key Highlights
- Duplex with flexible owner‑occupancy or rental configuration
- Newer roof, windows, furnaces, and water heaters
- Large parking slab included on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,112
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,240
$382.2K
Cap Rate 7%
$273,029
$273.0K
Cap Rate 9%
$212,356
$212.4K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$28.5K $15.00/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$27.3K $14.37/SF
− OpEx
−$8.2K −$4.31/SF
NOI
$19.1K $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%
$382,240
Cap Rate 7%
$273,029
Cap Rate 9%
$212,356
Alternative Uses
Best Use
Multifamily LT 5
$273.0K
$238.9K – $318.5K
NOI $19,112 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$252.8K
$221.2K – $294.9K
NOI $17,696 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$456.6K
$399.5K – $532.7K
NOI $31,961 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
Business Placement
Demographics for 53207, WI
34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - RES-zoned duplex with newer major systems and a large parking slab.
Where is this duplex located?
The property is located at 2243 S Woodward St Milwaukee, 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: Duplex with flexible owner‑occupancy or rental configuration; Newer roof, windows, furnaces, and water heaters; Large parking slab included on the property
