Duplex With Two 3-Bedroom
2326 West Burnham Street Unit 2326A Milwaukee, WI 53204
2326 West Burnham Street Unit 2326A, Milwaukee, WI, 53204
$225,000
For Sale
$225,000
Duplex features two 3-bedroom units, with one unit vacant for immediate occupancy and the other currently rented.
Property Size1,910 SF
Price / SF$117.80
Days on Market46
Property Features for 2326 West Burnham Street Unit 2326A
General Information
- Standard status
- Active
- Size
- 1,910 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1909
Listing Agency
Homestead Realty, Inc
(414) 667-7389
Listed by
Own it Real Estate Solutions Team* · License #60248-90
(414) 667-7389
Source
Compass
Added: Jun 2 Checked: Jul 17 at 2:42 am
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 Homestead Realty, Inc
Investment Insights
Based on property information with market context.
This duplex offers two separate 3-bedroom units. One unit is currently vacant and provides immediate occupancy, while the other unit is currently rented. The property also includes several recent updates, including a new roof in 2024, along with two newer water heaters and two newer furnaces.
As a residential income property, the layout supports flexible occupancy, whether you choose to live in one unit and rent the other or rent both units.
Offered for sale, this duplex is sized as a residential income property with 3-bedroom configurations in each unit and multiple replacement systems completed in recent years.
As a residential income property, the layout supports flexible occupancy, whether you choose to live in one unit and rent the other or rent both units.
Offered for sale, this duplex is sized as a residential income property with 3-bedroom configurations in each unit and multiple replacement systems completed in recent years.
Key Highlights
- Duplex with two 3‑bedroom units; one unit vacant for immediate occupancy
- One unit currently rented for $1,000/month
- New roof installed in 2024
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 | $28.7k | $15.00 |
| − Vacancy | −$1.2k | −$0.63 |
| EGI | $27.4k | $14.37 |
| − OpEx | −$8.2k | −$4.31 |
| NOI | $19.2k | $10.06 |
1,910 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.5K
$240.2K – $320.2K
NOI $19,213 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$254.1K
$222.4K – $296.5K
NOI $17,790 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$459.0K
$401.6K – $535.5K
NOI $32,129 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex features two 3-bedroom units, with one unit vacant for immediate occupancy and the other currently rented.
Where is this duplex located?
The property is located at 2326 West Burnham Street Unit 2326A Milwaukee, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Duplex with two 3‑bedroom units; one unit vacant for immediate occupancy; One unit currently rented for $1,000/month; New roof installed in 2024
