Well-Maintained Duplex Income
2544 South 6th Street Milwaukee, WI 53215
For Sale
$224,900
Duplex with a remodeled lower-unit bath and updated major systems, offering two separate tenant spaces.
Property Size1,742 SF
Price / SF$129.10
Days on Market19
Property Features for 2544 South 6th Street
General Information
- Standard status
- Active
- Size
- 1,742 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1908
Listing Agency:
Fathom Realty, LLC
(262) 293-6341
Listed By:
Alshun Cole · License #73855-94
(262) 293-6341
Source:
Compass
Added: Jul 5
Changed: Jul 22
Last Checked: Jul 22 at 7:13AM
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 Fathom Realty, LLC
Investment Insights
Based on property information with market context.
This well-maintained, low-maintenance duplex offers two residential units with separate layouts. The upper unit is a spacious four-bedroom configuration, while the lower unit is a two-bedroom configuration. The lower unit includes a completely remodeled bathroom completed in January 2021. Major mechanical updates include a roof and both furnaces replaced in 2012, along with both water heaters replaced in 2019, and updated electrical panels.
The property is conveniently located near shopping, dining, and entertainment, and is described as within walking distance of St. Augustine Preparatory Academy.
The duplex is currently occupied with long-term tenants, supporting ongoing rental income while you evaluate a purchase. It’s a straightforward residential income asset well-suited for an owner seeking a maintained two-unit structure.
The property is conveniently located near shopping, dining, and entertainment, and is described as within walking distance of St. Augustine Preparatory Academy.
The duplex is currently occupied with long-term tenants, supporting ongoing rental income while you evaluate a purchase. It’s a straightforward residential income asset well-suited for an owner seeking a maintained two-unit structure.
Key Highlights
- Duplex with 2 separate units: 4‑bedroom upper unit and 2‑bedroom lower unit
- Lower unit bathroom remodeled, completed January 2021
- Major mechanical updates: roof and both furnaces replaced in 2012
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 | $30.3k | $17.40 |
| − Vacancy | −$1.4k | −$0.78 |
| EGI | $28.9k | $16.62 |
| − OpEx | −$8.7k | −$4.99 |
| NOI | $20.3k | $11.63 |
1,742 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$289.5K
$253.3K – $337.7K
NOI $20,263 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$259.6K
$227.2K – $302.9K
NOI $18,174 @ 7.0% cap · market cap 8.08%
Theoretical Best
Warehouse
$1.32M
$1.16M – $1.54M
NOI $92,431 @ 7.0% cap · market cap 41.10%
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 with a remodeled lower-unit bath and updated major systems, offering two separate tenant spaces.
Where is this duplex located?
The property is located at 2544 South 6th Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Duplex with 2 separate units: 4‑bedroom upper unit and 2‑bedroom lower unit; Lower unit bathroom remodeled, completed January 2021; Major mechanical updates: roof and both furnaces replaced in 2012
