Two-Unit Duplex
For Sale
Contact for pricing
2416 N 39th St, Milwaukee, WI 53210
City-owned duplex requiring essential repairs and available for purchase by qualified buyers.
Property Size1,986 SF
Price / SF$12.59
Days on Market48
Property Features for 2416 N 39th St
General Information
Standard status
Active
Size
1,986 SF
Property subtype
Multi-Family
Building Details
Year Built
1914
Listing Agency:
Boardwalk Realty LLC
Listed By:
Keith Washington
(414) 218-9206
Source:
Levelupwi
Added: Sep 5
Changed: Oct 12
Last Checked: Oct 7 at 3:24PM
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 Boardwalk Realty LLC
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Investment Insights
Based on property information with market context.
This two-unit residential property was built in 1914 and contains approximately 1,986 square feet. The asset is identified as a City of Milwaukee tax foreclosure and requires essential repairs before full use.
Located at 2416 N 39th St in Milwaukee, WI 53210, the property is offered for sale. Buyers must demonstrate funds or financing sufficient to complete the acquisition and required repair work.
Located at 2416 N 39th St in Milwaukee, WI 53210, the property is offered for sale. Buyers must demonstrate funds or financing sufficient to complete the acquisition and required repair work.
Key Highlights
- Two‑unit duplex property
- Approximately 1,986 square feet
- Built in 1914
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,497
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,940
$369.9K
Cap Rate 7%
$264,243
$264.2K
Cap Rate 9%
$205,522
$205.5K
Market Conditions
NOI Build-Up for 1,986 SF
Gross rent
$35.0K $17.64/SF
− Vacancy
−$1.4K −$0.71/SF
EGI
$33.6K $16.93/SF
− OpEx
−$15.1K −$7.62/SF
NOI
$18.5K $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%
$369,940
Cap Rate 7%
$264,243
Cap Rate 9%
$205,522
Alternative Uses
Best Use
Multifamily LT 5
$285.4K
$249.7K – $333.0K
NOI $19,977 @ 7.0% cap · market cap 79.91%
Second Best
Apartment 5plus
$264.2K
$231.2K – $308.3K
NOI $18,497 @ 7.0% cap · market cap 73.99%
Theoretical Best
Office A
$477.3K
$417.6K – $556.8K
NOI $33,408 @ 7.0% cap · market cap 133.63%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
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Business Placement
Demographics for 53210, WI
25,588
Population
11,005
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
9,842
Density / Sq Mi
$45,268
Median Household Income
$35,797
Median Earnings
$1,044
Median Rent
$153,400
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 - City-owned duplex requiring essential repairs and available for purchase by qualified buyers.
Where is this duplex located?
The property is located at 2416 N 39th St Milwaukee, WI.
What are key features of this property?
This property features: Two‑unit duplex property; Approximately 1,986 square feet; Built in 1914
