Duplex with Flexible Unit
New
For Sale
$349,900
2405 N Frederick Ave, Milwaukee, WI 53211
Separate heating and utility systems support operation as either a two- or three-unit property.
Property Size2,555 SF
Price / SF$136.95
Days on Market7
Property Features for 2405 N Frederick Ave
General Information
Standard status
Active
Size
2,555 SF
Property subtype
Multi-Family
Building Details
Year Built
1895
Listing Agency:
Homestead Realty, Inc
Listed By:
Joshua Ghelfi · License #95510-94
(262) 719-0123
Source:
Levelupwi
Added: Sep 30
Last Checked: Oct 6 at 12:30AM
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.
Built in 1895, this 2,555-square-foot duplex has a configuration that can accommodate either two or three units. The property includes 3 furnaces, 3 water heaters, 3 gas meters, and 3 electric meters, providing separate systems for heating and utilities.
The Milwaukee property is near the lakefront, parks, dining, nightlife, and campus amenities.
The Milwaukee property is near the lakefront, parks, dining, nightlife, and campus amenities.
Key Highlights
- Configurable for operation as a 2- or 3‑unit property
- 2,555 square feet; built in 1895
- 3 furnaces and 3 water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,701
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,020
$514.0K
Cap Rate 7%
$367,157
$367.2K
Cap Rate 9%
$285,567
$285.6K
Market Conditions
NOI Build-Up for 2,555 SF
Gross rent
$38.3K $15.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$36.7K $14.37/SF
− OpEx
−$11.0K −$4.31/SF
NOI
$25.7K $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%
$514,020
Cap Rate 7%
$367,157
Cap Rate 9%
$285,567
Alternative Uses
Best Use
Multifamily LT 5
$367.2K
$321.3K – $428.4K
NOI $25,701 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$340.0K
$297.5K – $396.6K
NOI $23,797 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$614.0K
$537.2K – $716.3K
NOI $42,979 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,902
Businesses Nearby
Explore this area
Business Placement
Demographics for 53211, WI
36,327
Population
16,346
Households
2.2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
4.0 sq mi
ZIP Area
9,082
Density / Sq Mi
$76,206
Median Household Income
$40,214
Median Earnings
$1,225
Median Rent
$413,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate heating and utility systems support operation as either a two- or three-unit property.
Where is this duplex located?
The property is located at 2405 N Frederick Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Configurable for operation as a 2- or 3‑unit property; 2,555 square feet; built in 1895; 3 furnaces and 3 water heaters
