Updated Duplex with Front
For Sale
$175,000
2481 W Locust St, Milwaukee, WI 53206
Two-unit property with refreshed interiors, included appliances, and tenants responsible for all utilities.
Property Size2,158 SF
Price / SF$81.09
Days on Market59
Property Features for 2481 W Locust St
General Information
Standard status
Active
Size
2,158 SF
Property subtype
Multi-Family
Additional Details
Cap Rate
9%
Multifamily Units
2
Amenities
front porch
Building Details
Year Built
1916
Buildings
1
Listing Agency:
Abundance Real Estate
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Aug 25
Changed: Oct 21
Last Checked: Oct 20 at 8:53PM
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 Abundance Real Estate
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Investment Insights
Based on property information with market context.
This 2,158-square-foot duplex, built in 1916, includes two 2-bedroom, 2-bath units. Both residences have been freshly painted and convey with appliances. Property improvements include a newer roof, newer hot-water heaters, and a recently built front porch. Occupancy is established, with tenants paying all utilities, and the reported cap rate is 6-9.
The property is located at 2481 W Locust St #2483, near Locust and Fond Du Lac. Super Walmart and downtown destinations are approximately 10 minutes away, while the airport and Costco/Sam's Club are approximately 20 minutes away. Access to the occupied unit for showings is permitted only after an accepted offer.
The property is located at 2481 W Locust St #2483, near Locust and Fond Du Lac. Super Walmart and downtown destinations are approximately 10 minutes away, while the airport and Costco/Sam's Club are approximately 20 minutes away. Access to the occupied unit for showings is permitted only after an accepted offer.
Key Highlights
- 2,158 SF duplex built in 1916
- Two 2‑bedroom, 2‑bath units
- 6‑9 cap rate reported
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
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Business Placement
Demographics for 53206, WI
22,816
Population
10,077
Households
2.3
Avg Household Size
32
Median Age
7%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
8,450
Density / Sq Mi
$28,995
Median Household Income
$25,655
Median Earnings
$998
Median Rent
$70,800
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-unit property with refreshed interiors, included appliances, and tenants responsible for all utilities.
Where is this duplex located?
The property is located at 2481 W Locust St Milwaukee, WI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2,158 SF duplex built in 1916; Two 2‑bedroom, 2‑bath units; 6‑9 cap rate reported
