Renovated Two-Unit
New
For Sale
$299,900
2548 S 29th St, Milwaukee, WI 53215
Separate utility meters serve matching residences, each with two bedrooms and one bathroom.
Property Size1,454 SF
Price / SF$206.26
Days on Market2
Property Features for 2548 S 29th St
General Information
Standard status
Active
Size
1,454 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Layton Park
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Building Details
Year Built
1890
Buildings
1
Stories
2
Listing Agency:
Joseph Scott Real Estate LLC
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Nov 1
Last Checked: Nov 1 at 3:41PM
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 Joseph Scott Real Estate LLC
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Investment Insights
Based on property information with market context.
This two-story duplex contains 1,454 square feet across two matching apartments, each configured with 2 bedrooms and 1 bathroom. The 1890-built property has been renovated, with updated kitchens featuring custom cabinetry, subway tile backsplashes, and stainless steel appliances. Bathrooms have custom-tiled showers and updated fixtures. Hard-surface flooring runs through the living areas, while the bedrooms are carpeted; new energy-efficient windows are also in place. Each unit has a separate utility meter.
The property is located near St. Luke’s Hospital at 2548 S 29th St in Milwaukee, Wisconsin.
The property is located near St. Luke’s Hospital at 2548 S 29th St in Milwaukee, Wisconsin.
Key Highlights
- Two‑story duplex with two matching 2‑bedroom, 1‑bathroom units
- 1,454 square feet total
- Separate utility meters for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,913
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,260
$338.3K
Cap Rate 7%
$241,614
$241.6K
Cap Rate 9%
$187,922
$187.9K
Market Conditions
NOI Build-Up for 1,454 SF
Gross rent
$25.3K $17.40/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$24.2K $16.62/SF
− OpEx
−$7.2K −$4.99/SF
NOI
$16.9K $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%
$338,260
Cap Rate 7%
$241,614
Cap Rate 9%
$187,922
Alternative Uses
Best Use
Multifamily LT 5
$241.6K
$211.4K – $281.9K
NOI $16,913 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$216.7K
$189.6K – $252.8K
NOI $15,169 @ 7.0% cap · market cap 5.06%
Theoretical Best
Warehouse
$1.10M
$964.4K – $1.29M
NOI $77,149 @ 7.0% cap · market cap 25.72%
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
825
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters serve matching residences, each with two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 2548 S 29th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑story duplex with two matching 2‑bedroom, 1‑bathroom units; 1,454 square feet total; Separate utility meters for the units
