Brick Duplex with Covered
For Sale
$409,900
2537 W Bridge St, Milwaukee, WI 53221
Two-unit property with separate three-bedroom and two-bedroom residences, a side driveway, and off-street parking.
Property Size1,849 SF
Price / SF$221.69
Days on Market56
Property Features for 2537 W Bridge St
General Information
Standard status
Active
Size
1,849 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
covered porch
Building Details
Year Built
1965
Buildings
1
Construction
brick
Listing Agency:
RE/MAX Lakeside-South
Listed By:
Maritza Rodriguez · License #64172-094
(414) 736-3887
Source:
Nikolicgroup
Added: Aug 22
Changed: Oct 2
Last Checked: Oct 15 at 12:08AM
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 RE/MAX Lakeside-South
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Investment Insights
Based on property information with market context.
Built in 1965, this brick duplex contains a three-bedroom lower residence and a two-bedroom upper residence. The upper unit adds a covered porch, while the property also includes a side driveway supporting off-street parking. The layout provides two distinct residential spaces within one building and may suit an owner-occupant or rental ownership strategy.
The property is located at 2537 W Bridge St in Milwaukee, near Milwaukee Mitchell International Airport, shopping, dining, schools, and major highways. Its residential setting and two-unit configuration create a straightforward multifamily format for an owner or investor.
The property is located at 2537 W Bridge St in Milwaukee, near Milwaukee Mitchell International Airport, shopping, dining, schools, and major highways. Its residential setting and two-unit configuration create a straightforward multifamily format for an owner or investor.
Key Highlights
- Brick duplex built in 1965
- Three‑bedroom lower unit
- Two‑bedroom upper unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,814
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,280
$396.3K
Cap Rate 7%
$283,057
$283.1K
Cap Rate 9%
$220,156
$220.2K
Market Conditions
NOI Build-Up for 1,849 SF
Gross rent
$30.0K $16.20/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$28.3K $15.31/SF
− OpEx
−$8.5K −$4.59/SF
NOI
$19.8K $10.72/SF
Area
ZIP 53221
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,280
Cap Rate 7%
$283,057
Cap Rate 9%
$220,156
Alternative Uses
Best Use
Multifamily LT 5
$283.1K
$247.7K – $330.2K
NOI $19,814 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$251.3K
$219.9K – $293.1K
NOI $17,588 @ 7.0% cap · market cap 4.29%
Theoretical Best
Warehouse
$1.40M
$1.23M – $1.64M
NOI $98,108 @ 7.0% cap · market cap 23.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 53221, WI
39,560
Population
17,126
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
9.0 sq mi
ZIP Area
4,396
Density / Sq Mi
$61,640
Median Household Income
$41,430
Median Earnings
$1,071
Median Rent
$205,500
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 separate three-bedroom and two-bedroom residences, a side driveway, and off-street parking.
Where is this duplex located?
The property is located at 2537 W Bridge St Milwaukee, WI.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Brick duplex built in 1965; Three‑bedroom lower unit; Two‑bedroom upper unit
