2-Unit Duplex Near Lake
For Sale
$389,000
2357 E Oklahoma Ave, Milwaukee, WI 53207
Two residential units offer matching two-bedroom, one-bath layouts with open living areas and an available upper unit.
Property Size1,850 SF
Price / SF$210.27
Days on Market50
Property Features for 2357 E Oklahoma Ave
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1915
Listing Agency:
A Jones Realty
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 14 at 11:25PM
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 A Jones Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2-unit duplex at 2357 E Oklahoma Ave includes approximately 1,850 square feet of residential space. Both units are configured with 2 bedrooms and 1 bath, along with open living areas. The upper unit is available for owner occupancy or tenant placement.
Built in 1915, the property is located in Milwaukee’s Bay View area, 2 blocks from Lake Michigan and near restaurants, beer gardens, and parks. Its two-unit layout provides flexibility for an owner occupant seeking additional rental income or for continued use as a residential income property.
Built in 1915, the property is located in Milwaukee’s Bay View area, 2 blocks from Lake Michigan and near restaurants, beer gardens, and parks. Its two-unit layout provides flexibility for an owner occupant seeking additional rental income or for continued use as a residential income property.
Key Highlights
- 2‑unit duplex with 2 bedrooms and 1 bath in each unit
- Approximately 1,850 square feet of residential space
- Upper unit is available for owner occupancy or tenant placement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,609
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,180
$372.2K
Cap Rate 7%
$265,843
$265.8K
Cap Rate 9%
$206,767
$206.8K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$27.8K $15.00/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$26.6K $14.37/SF
− OpEx
−$8.0K −$4.31/SF
NOI
$18.6K $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%
$372,180
Cap Rate 7%
$265,843
Cap Rate 9%
$206,767
Alternative Uses
Best Use
Multifamily LT 5
$265.8K
$232.6K – $310.2K
NOI $18,609 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$246.2K
$215.4K – $287.2K
NOI $17,231 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$444.6K
$389.0K – $518.7K
NOI $31,120 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
395
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer matching two-bedroom, one-bath layouts with open living areas and an available upper unit.
Where is this duplex located?
The property is located at 2357 E Oklahoma Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 2‑unit duplex with 2 bedrooms and 1 bath in each unit; Approximately 1,850 square feet of residential space; Upper unit is available for owner occupancy or tenant placement
