Updated Two-Family
2538 S 10th St, Milwaukee, WI 53215
For Sale
New
$295,500
The upper unit features refreshed kitchen finishes, new flooring, and updated bathroom fixtures.
Property Size1,584 SF
Price / SF$186.55
Days on Market5
Property Features for 2538 S 10th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Coldwell Banker River Valley, Realtors
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 7:09AM
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 Coldwell Banker River Valley, Realtors
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Investment Insights
Based on property information with market context.
This 1,584-square-foot, two-family duplex was built in 1912. Improvements include newer furnaces, water heaters, siding, roofing, windows, and rebuilt porches. The upper residence has new kitchen cabinets and counters, wood-look flooring, fresh paint, and updated bathroom cabinets and toilets. A basement provides laundry hookups and storage space.
The property is near Kosciuszko Park and KK Parkway in Milwaukee.
The property is near Kosciuszko Park and KK Parkway in Milwaukee.
Key Highlights
- Two‑family duplex with 1,584 square feet
- Built in 1912
- Newer furnaces, water heaters, siding, roof, and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,425
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,500
$368.5K
Cap Rate 7%
$263,214
$263.2K
Cap Rate 9%
$204,722
$204.7K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$27.6K $17.40/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$26.3K $16.62/SF
− OpEx
−$7.9K −$4.99/SF
NOI
$18.4K $11.63/SF
Area
ZIP 53215
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,500
Cap Rate 7%
$263,214
Cap Rate 9%
$204,722
Alternative Uses
Best Use
Multifamily LT 5
$263.2K
$230.3K – $307.1K
NOI $18,425 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$236.1K
$206.6K – $275.4K
NOI $16,525 @ 7.0% cap · market cap 5.59%
Theoretical Best
Flex RnD
$417.0K
$364.9K – $486.5K
NOI $29,189 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
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Business Placement
Demographics for 53215, WI
59,359
Population
21,307
Households
2.8
Avg Household Size
31
Median Age
11%
College-Educated
67%
High-School Grad
5.5 sq mi
ZIP Area
10,793
Density / Sq Mi
$49,207
Median Household Income
$32,261
Median Earnings
$933
Median Rent
$148,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The upper unit features refreshed kitchen finishes, new flooring, and updated bathroom fixtures.
Where is this duplex located?
The property is located at 2538 S 10th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $295,500.
What are key features of this property?
This property features: Two‑family duplex with 1,584 square feet; Built in 1912; Newer furnaces, water heaters, siding, roof, and windows
