Duplex with Private
New
For Sale
$399,999
2420 N 60th St #2422, Milwaukee, WI 53210
Two units feature separate basements, driveways, and garage access, with a fenced backyard shared by the property.
Property Size2,514 SF
Price / SF$159.11
Days on Market7
Property Features for 2420 N 60th St #2422
General Information
Standard status
Active
Size
2,514 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Uptown
Additional Details
Multifamily Units
2
Building Details
Year Built
1933
Buildings
1
Listing Agency:
Realty Dynamics
Listed By:
Robert Maldonado · License #44750
(414) 595-8656
Source:
Housesthatshine
Added: Oct 26
Changed: Oct 28
Last Checked: Nov 1 at 2:55AM
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 Realty Dynamics
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Investment Insights
Based on property information with market context.
This 2,514-square-foot duplex, built in 1933, pairs two private entrances with separate driveways and garage access. Both units have basements, while a walk-up attic adds storage. Interior details include hardwood floors, natural woodwork, artificial fireplaces, and dining rooms with built-in buffets. One basement also contains an office room.
Mechanical and exterior updates include tankless water-heating systems, a newer garage door and opener, replacement gutters, and glass-block basement windows. The property has a fenced backyard and is near Wauwatosa and downtown Milwaukee.
Mechanical and exterior updates include tankless water-heating systems, a newer garage door and opener, replacement gutters, and glass-block basement windows. The property has a fenced backyard and is near Wauwatosa and downtown Milwaukee.
Key Highlights
- 2,514‑square‑foot duplex built in 1933
- Separate driveways, garage access, and private entrances for both units
- Basements in both units; one includes an office room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,288
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,760
$505.8K
Cap Rate 7%
$361,257
$361.3K
Cap Rate 9%
$280,978
$281.0K
Market Conditions
NOI Build-Up for 2,514 SF
Gross rent
$37.7K $15.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$36.1K $14.37/SF
− OpEx
−$10.8K −$4.31/SF
NOI
$25.3K $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%
$505,760
Cap Rate 7%
$361,257
Cap Rate 9%
$280,978
Alternative Uses
Best Use
Multifamily LT 5
$361.3K
$316.1K – $421.5K
NOI $25,288 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$334.5K
$292.7K – $390.3K
NOI $23,415 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$604.1K
$528.6K – $704.8K
NOI $42,290 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
840
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two units feature separate basements, driveways, and garage access, with a fenced backyard shared by the property.
Where is this duplex located?
The property is located at 2420 N 60th St #2422 Milwaukee, WI.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 2,514‑square‑foot duplex built in 1933; Separate driveways, garage access, and private entrances for both units; Basements in both units; one includes an office room
