Duplex with Alley
For Sale
$97,000
2355 N 20th Street 2355a, Milwaukee, WI 53206
Two kitchens and natural wood detailing serve a layout that can function as a single-family residence or duplex.
Property Size924 SF
Price / SF$104.98
Days on Market14
Property Features for 2355 N 20th Street 2355a
General Information
Standard status
Active
Size
924 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Needs TLC
Additional Details
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
Homestead Realty, Inc
Listed By:
Own it Real Estate Solutions Team* · License #6024890
(414) 667-7389
Source:
Jwregwi
Added: Oct 4
Changed: Oct 10
Last Checked: Oct 16 at 12:35PM
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
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Investment Insights
Based on property information with market context.
Built in 1890, this 924-square-foot duplex has two kitchens with substantial cabinet storage and natural woodwork throughout. The property can be used as a duplex or configured as a single-family residence. It needs work, offering a renovation project for a buyer prepared to address its condition.
Off-street parking is available, with access from the alley. The property is located on N 20th Street in Milwaukee.
Off-street parking is available, with access from the alley. The property is located on N 20th Street in Milwaukee.
Key Highlights
- 924‑square‑foot property built in 1890
- Two kitchens with solid cabinet space and natural woodwork
- Can be operated as a duplex or single‑family residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,606
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,120
$172.1K
Cap Rate 7%
$122,943
$122.9K
Cap Rate 9%
$95,622
$95.6K
Market Conditions
NOI Build-Up for 924 SF
Gross rent
$16.3K $17.64/SF
− Vacancy
−$652 −$0.71/SF
EGI
$15.6K $16.93/SF
− OpEx
−$7.0K −$7.62/SF
NOI
$8.6K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,120
Cap Rate 7%
$122,943
Cap Rate 9%
$95,622
Alternative Uses
Best Use
Multifamily LT 5
$132.8K
$116.2K – $154.9K
NOI $9,295 @ 7.0% cap · market cap 9.58%
Second Best
Apartment 5plus
$122.9K
$107.6K – $143.4K
NOI $8,606 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$222.0K
$194.3K – $259.1K
NOI $15,543 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 53206, WI
22,816
Population
10,077
Households
2.3
Avg Household Size
32
Median Age
7%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
8,450
Density / Sq Mi
$28,995
Median Household Income
$25,655
Median Earnings
$998
Median Rent
$70,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two kitchens and natural wood detailing serve a layout that can function as a single-family residence or duplex.
Where is this duplex located?
The property is located at 2355 N 20th Street 2355a Milwaukee, WI.
What is the asking price?
The asking price for this property is $97,000.
What are key features of this property?
This property features: 924‑square‑foot property built in 1890; Two kitchens with solid cabinet space and natural woodwork; Can be operated as a duplex or single‑family residence
