Two-Unit Duplex
2511 North Buffum Street Unit 2513 Milwaukee, WI 53212
For Sale
$239,000
Duplex generates monthly rental income and includes a six-car garage producing additional revenue.
Property Size2,016 SF
Price / SF$118.55
Days on Market49
Property Features for 2511 North Buffum Street Unit 2513
General Information
- Standard status
- Active
- Size
- 2,016 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1910
Listing Agency:
EXP Realty, LLC~MKE
(414) 712-1455
Listed By:
Michael Argeropoulos · License #79503-94
(414) 712-1455
Source:
Compass
Added: Jun 6
Changed: Jul 21
Last Checked: Jul 22 at 9:45AM
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 EXP Realty, LLC~MKE
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.2k | $15.00 |
| − Vacancy | −$1.3k | −$0.63 |
| EGI | $29.0k | $14.37 |
| − OpEx | −$8.7k | −$4.31 |
| NOI | $20.3k | $10.06 |
2,016 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$289.7K
$253.5K – $338.0K
NOI $20,279 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$268.2K
$234.7K – $313.0K
NOI $18,777 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$484.5K
$423.9K – $565.2K
NOI $33,912 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 North Buffum Street Unit 2513 Milwaukee, WI.
What is the asking price?
The asking price for this property is $239,000.
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)
