Owner-Occupied 2-Unit
2547 South Howell Avenue Unit 2549 Milwaukee, WI 53207
2547 South Howell Avenue Unit 2549, Milwaukee, WI, 53207
$419,000
For Sale
$419,000
Move-in ready duplex with separate utilities, updated kitchens and bathrooms, and a private driveway with 2-car garage.
Property Size2,288 SF
Price / SF$183.13
Days on Market19
Property Features for 2547 South Howell Avenue Unit 2549
General Information
- Standard status
- Active
- Size
- 2,288 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1905
Listing agency
The Stefaniak Group, LLC
(414) 881-5034
Listed by
Ryan Stefaniak · License #78930-94
(414) 881-5034
Source
Compass
Added: Jul 5 Updated: Jul 21 at 3:41PM Checked: Jul 22 at 10:52AM
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 The Stefaniak Group, LLC
Investment Insights
Based on property information with market context.
Move-in ready, owner-occupied 2/2 duplex featuring separate utilities between the units. Recent improvements include new windows and updated kitchens and bathrooms. Both units offer spacious kitchens with pantries, and the upper unit includes new appliances, cabinets, and countertops. The upper unit also provides a private balcony and an expandable attic area, while both units include formal dining rooms with built-ins. A reverse osmosis system is included.
The property includes a private driveway with a 2-car garage and a backyard setup with a pergola/grilling area. It is located on South Howell Avenue, within a short distance of Humboldt Park, Mitchell Airport, St. Luke’s Hospital, and nearby dining, shopping, and Bay View amenities.
The property includes a private driveway with a 2-car garage and a backyard setup with a pergola/grilling area. It is located on South Howell Avenue, within a short distance of Humboldt Park, Mitchell Airport, St. Luke’s Hospital, and nearby dining, shopping, and Bay View amenities.
Key Highlights
- Move‑in ready 2/2 duplex with separate utilities
- Updated kitchens and bathrooms, including spacious kitchens with pantries in both units
- Upper unit features a private balcony and an expandable attic area
Local 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 | $34.3k | $15.00 |
| − Vacancy | −$1.4k | −$0.63 |
| EGI | $32.9k | $14.37 |
| − OpEx | −$9.9k | −$4.31 |
| NOI | $23.0k | $10.06 |
2,288 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.8K
$287.7K – $383.6K
NOI $23,015 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$304.4K
$266.4K – $355.2K
NOI $21,310 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$549.8K
$481.1K – $641.5K
NOI $38,488 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in ready duplex with separate utilities, updated kitchens and bathrooms, and a private driveway with 2-car garage.
Where is this duplex located?
The property is located at 2547 South Howell Avenue Unit 2549 Milwaukee, WI.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Move‑in ready 2/2 duplex with separate utilities; Updated kitchens and bathrooms, including spacious kitchens with pantries in both units; Upper unit features a private balcony and an expandable attic area
