Turn-of-Century Duplex
2532 North Humboldt Boulevard Unit 2534 Milwaukee, WI 53212
For Sale
$369,000
Spacious duplex with original woodwork, a new roof, and a large unfinished attic for potential additional living space.
Property Size2,772 SF
Price / SF$133.12
Days on Market20
Property Features for 2532 North Humboldt Boulevard Unit 2534
General Information
Standard status
Active
Size
2,772 SF
Property subtype
Two-Family / Two Family
Building Details
Year Built
1923
Listing Agency:
First Weber Inc - Delafield
(262) 719-4156
Listed By:
Devin Piehl · License #57458-94
(262) 719-4156
Source:
Compass
Added: Jul 11
Changed: Jul 21
Last Checked: Jul 29 at 2:19PM
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 First Weber Inc - Delafield
Investment Insights
Based on property information with market context.
This turn-of-the-century duplex offers a spacious layout with original woodwork. The property features a brand-new roof and a large unfinished attic that may provide additional living space subject to approvals. The upper unit is vacant and the lower unit is leased to an existing 17-year tenant on a month-to-month basis. The upper unit needs some TLC.
The property is conveniently located on N. Humboldt Blvd. The mixed occupancy configuration makes it suitable for an owner-occupant plan or an investor seeking current income with future potential.
As currently presented, the duplex provides two residential units with separate availability: an unoccupied upper unit and a lower unit in ongoing month-to-month tenancy.
The property is conveniently located on N. Humboldt Blvd. The mixed occupancy configuration makes it suitable for an owner-occupant plan or an investor seeking current income with future potential.
As currently presented, the duplex provides two residential units with separate availability: an unoccupied upper unit and a lower unit in ongoing month-to-month tenancy.
Key Highlights
- Spacious duplex built in 1923 with original woodwork and estimated 2,772 total SF
- Two units: each with 2 bedrooms and 1 full bath; unit U1 estimated 1,388 SF with 6 rooms
- Brand‑new roof and full basement (block) with 1/2 bath
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 | $41.6k | $15.00 |
| − Vacancy | −$1.7k | −$0.63 |
| EGI | $39.8k | $14.37 |
| − OpEx | −$12.0k | −$4.31 |
| NOI | $27.9k | $10.06 |
2,772 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.3K
$348.6K – $464.7K
NOI $27,884 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$368.8K
$322.7K – $430.3K
NOI $25,818 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$666.1K
$582.9K – $777.2K
NOI $46,629 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Spacious duplex with original woodwork, a new roof, and a large unfinished attic for potential additional living space.
Where is this duplex located?
The property is located at 2532 North Humboldt Boulevard Unit 2534 Milwaukee, WI.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Spacious duplex built in 1923 with original woodwork and estimated 2,772 total SF; Two units: each with 2 bedrooms and 1 full bath; unit U1 estimated 1,388 SF with 6 rooms; Brand‑new roof and full basement (block) with 1/2 bath
