Updated Duplex with Off-Street
For Sale
$299,000
2416 S Burrell St, Milwaukee, WI 53207
Two-unit property with a three-bedroom first-floor residence, modernized interiors, and recent exterior improvements.
Property Size2,001 SF
Price / SF$149.43
Days on Market49
Property Features for 2416 S Burrell St
General Information
Standard status
Active
Size
2,001 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1890
Buildings
1
Listing Agency:
Premier Point Realty LLC
Listed By:
Erica Winship · License #40219
(262) 224-5843
Source:
Levelupwi
Added: Aug 29
Changed: Oct 8
Last Checked: Oct 7 at 1:04PM
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 Premier Point Realty LLC
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Investment Insights
Based on property information with market context.
This 2,001-square-foot duplex, built in 1890, includes a three-bedroom first-floor owner's unit with updated finishes and character details. The residence features teal cabinetry, tile flooring, a reglazed bathtub, stainless steel appliances, and French doors. The property has also received partial mechanical updates, along with improvements to the roof, gutters, and chimney.
A new rear parking slab provides off-street parking. The second unit has a long-term tenant, offering an existing income component for an owner-occupant. The property is located at 2416 S Burrell St in Milwaukee, Wisconsin, near Bay View, KK, Humboldt Park, and the lakefront.
A new rear parking slab provides off-street parking. The second unit has a long-term tenant, offering an existing income component for an owner-occupant. The property is located at 2416 S Burrell St in Milwaukee, Wisconsin, near Bay View, KK, Humboldt Park, and the lakefront.
Key Highlights
- 2,001 SF duplex built in 1890
- First‑floor owner's unit includes 3 bedrooms
- Updated kitchen with teal cabinets and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,128
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,560
$402.6K
Cap Rate 7%
$287,543
$287.5K
Cap Rate 9%
$223,644
$223.6K
Market Conditions
NOI Build-Up for 2,001 SF
Gross rent
$30.0K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$28.8K $14.37/SF
− OpEx
−$8.6K −$4.31/SF
NOI
$20.1K $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%
$402,560
Cap Rate 7%
$287,543
Cap Rate 9%
$223,644
Alternative Uses
Best Use
Multifamily LT 5
$287.5K
$251.6K – $335.5K
NOI $20,128 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$266.2K
$233.0K – $310.6K
NOI $18,637 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$480.9K
$420.8K – $561.0K
NOI $33,660 @ 7.0% cap · market cap 11.26%
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
1,008
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
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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 - Two-unit property with a three-bedroom first-floor residence, modernized interiors, and recent exterior improvements.
Where is this duplex located?
The property is located at 2416 S Burrell St Milwaukee, WI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,001 SF duplex built in 1890; First‑floor owner's unit includes 3 bedrooms; Updated kitchen with teal cabinets and stainless steel appliances
