Two-Unit Duplex with Detached
New
For Sale
$174,900
2542 N 53rd Street #2542A, Milwaukee, WI 53210
Vacant apartments offer flexibility for owner occupancy or leasing, with a shared basement and alley-accessed garage.
Property Size1,402 SF
Price / SF$124.75
Days on Market7
Property Features for 2542 N 53rd Street #2542A
General Information
Standard status
Active
Size
1,402 SF
Property subtype
Multi Family Home
Zoning
RT2
Site & Location
Neighborhood
Uptown
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
fenced-in yard
laundry hookup
SS appliances
Building Details
Building Size
1,402 SF
Year Built
1928
Buildings
1
Listing Agency:
Dream Realty LLC
(414) 529-5738
Listed By:
Larry Pundsack Jr · License #80326-94
(414) 732-6676
Source:
Howardandwilliams
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 31 at 4:49PM
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 Dream Realty LLC
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Investment Insights
Based on property information with market context.
This Milwaukee duplex contains two vacant apartments: a lower-level 2-bedroom, 1-bath unit and an upper-level 1-bedroom, 1-bath unit. The lower apartment has LVP flooring, a formal dining room with natural woodwork, and stainless steel appliances; LVP flooring is also installed upstairs. A shared full basement includes laundry hookups. The 1928 property has vinyl siding and a fenced yard, plus a detached 2.5-car garage reached from the alley.
Key Highlights
- Two vacant units: 2BR/1BA lower apartment and 1BR/1BA upper apartment
- Detached 2.5‑car garage with alley access
- Shared full basement with laundry hookup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,103
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,060
$282.1K
Cap Rate 7%
$201,471
$201.5K
Cap Rate 9%
$156,700
$156.7K
Market Conditions
NOI Build-Up for 1,402 SF
Gross rent
$21.0K $15.00/SF
− Vacancy
−$883 −$0.63/SF
EGI
$20.1K $14.37/SF
− OpEx
−$6.0K −$4.31/SF
NOI
$14.1K $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%
$282,060
Cap Rate 7%
$201,471
Cap Rate 9%
$156,700
Alternative Uses
Best Use
Multifamily LT 5
$201.5K
$176.3K – $235.1K
NOI $14,103 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$186.5K
$163.2K – $217.6K
NOI $13,058 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$336.9K
$294.8K – $393.1K
NOI $23,584 @ 7.0% cap · market cap 13.48%
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
939
Businesses Nearby
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Business Placement
Demographics for 53210, WI
25,588
Population
11,005
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
9,842
Density / Sq Mi
$45,268
Median Household Income
$35,797
Median Earnings
$1,044
Median Rent
$153,400
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 - Vacant apartments offer flexibility for owner occupancy or leasing, with a shared basement and alley-accessed garage.
Where is this duplex located?
The property is located at 2542 N 53rd Street #2542A Milwaukee, WI.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Two vacant units: 2BR/1BA lower apartment and 1BR/1BA upper apartment; Detached 2.5‑car garage with alley access; Shared full basement with laundry hookup
