Two-Unit Duplex
For Sale
$225,000
2511 N Buffum St, Milwaukee, WI 53212
Duplex generates monthly rental income and includes a six-car garage producing additional revenue.
Property Size2,016 SF
Price / SF$111.61
Days on Market94
Property Features for 2511 N Buffum St
General Information
Standard status
Active
Size
2,016 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
Keller Williams Milwaukee North Shore
Listed By:
Randy Lee
(310) 940-9594
Source:
Levelupwi
Added: Jul 20
Changed: Oct 14
Last Checked: Oct 7 at 1:01PM
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 Keller Williams Milwaukee North Shore
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Investment Insights
Based on property information with market context.
This Harambee-area duplex offers two rental units generating $1,760 per month, with an additional six-car garage that produces $500 per month. The property is presented as a residential income investment.
The listing notes a related multifamily investment property next door is also available under MLS# 1966364.
With both unit and garage income identified in the remarks, the configuration supports a straightforward revenue-focused ownership structure.
The listing notes a related multifamily investment property next door is also available under MLS# 1966364.
With both unit and garage income identified in the remarks, the configuration supports a straightforward revenue-focused ownership structure.
Key Highlights
- Harambee duplex with estimated monthly rental income of $1,760
- Includes a 6‑car garage generating additional estimated $500 per month
- 2 bedrooms and 1 full bathroom (U1)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,279
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,580
$405.6K
Cap Rate 7%
$289,700
$289.7K
Cap Rate 9%
$225,322
$225.3K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$30.2K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$29.0K $14.37/SF
− OpEx
−$8.7K −$4.31/SF
NOI
$20.3K $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%
$405,580
Cap Rate 7%
$289,700
Cap Rate 9%
$225,322
Alternative Uses
Best Use
Multifamily LT 5
$289.7K
$253.5K – $338.0K
NOI $20,279 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$268.2K
$234.7K – $313.0K
NOI $18,777 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$484.5K
$423.9K – $565.2K
NOI $33,912 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex generates monthly rental income and includes a six-car garage producing additional revenue.
Where is this duplex located?
The property is located at 2511 N Buffum St Milwaukee, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Harambee duplex with estimated monthly rental income of $1,760; Includes a 6‑car garage generating additional estimated $500 per month; 2 bedrooms and 1 full bathroom (U1)
