Two-Unit Duplex with Detached
2571 N 62nd STREET, Wauwatosa, WI 53213
For Sale
$399,900
Both residences offer two bedrooms and one full bathroom, with hardwood flooring in each unit.
Property Size2,271 SF
Price / SF$176.09
Days on Market11
Property Features for 2571 N 62nd STREET
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
The Real Estate Studio
Listed By:
Devine Team* · License #52716-94
(262) 227-6462
Source:
Prolificrealtygroup
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 9:12PM
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 Real Estate Studio
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Investment Insights
Based on property information with market context.
Built in 1932, this duplex contains two residences, each with two bedrooms and one full bathroom. Hardwood floors appear in both units. The main residence also has leaded-glass windows, tray ceilings, crown molding, and a kitchen with stainless steel appliances; the upper unit has a remodeled kitchen.
A full basement provides storage and laundry space, along with a half bathroom. The property also includes a detached 2.5-car garage. Schools, parks, and restaurants are within walking distance.
A full basement provides storage and laundry space, along with a half bathroom. The property also includes a detached 2.5-car garage. Schools, parks, and restaurants are within walking distance.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- Detached 2.5‑car garage
- Full basement with storage, laundry area, and half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,337
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,740
$486.7K
Cap Rate 7%
$347,671
$347.7K
Cap Rate 9%
$270,411
$270.4K
Market Conditions
NOI Build-Up for 2,271 SF
Gross rent
$36.8K $16.20/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$34.8K $15.31/SF
− OpEx
−$10.4K −$4.59/SF
NOI
$24.3K $10.72/SF
Area
Milwaukee County, WI
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,740
Cap Rate 7%
$347,671
Cap Rate 9%
$270,411
Alternative Uses
Best Use
Multifamily LT 5
$347.7K
$304.2K – $405.6K
NOI $24,337 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$310.6K
$271.8K – $362.3K
NOI $21,740 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$538.5K
$471.2K – $628.3K
NOI $37,698 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 53213, WI
26,469
Population
12,591
Households
2.1
Avg Household Size
37
Median Age
63%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
6,787
Density / Sq Mi
$94,144
Median Household Income
$59,472
Median Earnings
$1,228
Median Rent
$311,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Milwaukee County, WI
Properties on Market for Duplexes in Milwaukee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and one full bathroom, with hardwood flooring in each unit.
Where is this duplex located?
The property is located at 2571 N 62nd STREET Wauwatosa, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; Detached 2.5‑car garage; Full basement with storage, laundry area, and half bathroom
