Duplex with Two-Car
For Sale
$299,900
2557 N Gordon PLACE, Milwaukee, WI 53212
Each floor offers two bedrooms and a full bath, with a kitchenette upstairs and a full kitchen on the main level.
Property Size2,093 SF
Price / SF$143.29
Days on Market13
Property Features for 2557 N Gordon PLACE
General Information
Standard status
Active
Size
2,093 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Riverwest
Building Details
Year Built
1891
Listing Agency:
Avanti Realty LLC
Listed By:
Christy Weber
Source:
Lakecountryflatfee
Added: Oct 21
Changed: Nov 1
Last Checked: Oct 31 at 11:23PM
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 Avanti Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1891, this 2,093-square-foot property is currently used as a single-family residence and is zoned for two-family use. The main floor has two bedrooms, a full bath, and a full kitchen; the upper level has two bedrooms, a full bath, and a kitchenette. A semi-exposed basement adds recreation space and a half bath. The property also includes a two-car garage with a 16-foot door.
The home sits across from the Milwaukee River on a dead-end street, with seasonal river views. The Beerline and Milwaukee River trails are nearby, and downtown Milwaukee is described as minutes away.
The home sits across from the Milwaukee River on a dead-end street, with seasonal river views. The Beerline and Milwaukee River trails are nearby, and downtown Milwaukee is described as minutes away.
Key Highlights
- Zoned for two‑family use; currently used as a single‑family residence
- 2,093 square feet; built in 1891
- Two bedrooms and a full bath on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,053
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,060
$421.1K
Cap Rate 7%
$300,757
$300.8K
Cap Rate 9%
$233,922
$233.9K
Market Conditions
NOI Build-Up for 2,093 SF
Gross rent
$31.4K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$30.1K $14.37/SF
− OpEx
−$9.0K −$4.31/SF
NOI
$21.1K $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%
$421,060
Cap Rate 7%
$300,757
Cap Rate 9%
$233,922
Alternative Uses
Best Use
Multifamily LT 5
$300.8K
$263.2K – $350.9K
NOI $21,053 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$278.5K
$243.7K – $324.9K
NOI $19,494 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$503.0K
$440.1K – $586.8K
NOI $35,208 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
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Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
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 - Each floor offers two bedrooms and a full bath, with a kitchenette upstairs and a full kitchen on the main level.
Where is this duplex located?
The property is located at 2557 N Gordon PLACE 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: Zoned for two‑family use; currently used as a single‑family residence; 2,093 square feet; built in 1891; Two bedrooms and a full bath on each floor
