Duplex Investment
For Sale
$75,900
2462 N 38th St, Milwaukee, WI 53210
Two-unit duplex with both units currently occupied under month-to-month verbal leases, sold as-is and in need of TLC.
Property SizeContact for details
Days on Market38
Property Features for 2462 N 38th St
General Information
Standard status
Active
Property subtype
Two Family Home
Zoning
RES
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$1,594
Building Details
Year Built
1912
Units
2
Tenancy
Multi
Listing Agency:
TAS Real Estate LLC
(414) 336-1098
Listed By:
Thomas Stewart
(414) 336-1098
Source:
Therealtycompanyllc
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 12 at 1:36PM
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 TAS Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex offers two separately leased units under verbal month-to-month arrangements, with both units currently occupied. The property is being sold as-is and is described as needing a little TLC.
The seller indicates current rents are below market, with market rent reported in the $2,000 to $2,400 per month range. Verbal rental terms reflect $500 per month per unit at this time.
For an owner-operator or investor looking for a value-add residential income asset, this property provides a straightforward two-unit setup with existing occupancy and no guarantees of condition beyond the as-is sale.
The seller indicates current rents are below market, with market rent reported in the $2,000 to $2,400 per month range. Verbal rental terms reflect $500 per month per unit at this time.
For an owner-operator or investor looking for a value-add residential income asset, this property provides a straightforward two-unit setup with existing occupancy and no guarantees of condition beyond the as-is sale.
Key Highlights
- Two‑unit duplex built in 1912
- Both units are currently occupied under month‑to‑month verbal leases
- Current rent is $500 per unit per month
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with both units currently occupied under month-to-month verbal leases, sold as-is and in need of TLC.
Where is this duplex located?
The property is located at 2462 N 38th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $75,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1912; Both units are currently occupied under month‑to‑month verbal leases; Current rent is $500 per unit per month
