Victorian Duplex with
New
For Sale
$529,900
2592 N Murray Ave, Milwaukee, WI 53211
Both residences have central heating and air conditioning, with a detached garage and additional off-street parking.
Property Size3,032 SF
Price / SF$174.77
Days on Market4
Property Features for 2592 N Murray Ave
General Information
Standard status
Active
Size
3,032 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Site & Location
Neighborhood
Murray Hill
Additional Details
Multifamily Units
2
Amenities
hardwood floors
LVP
high ceilings
84'' pocket doors
built-in hutches
ornamental fireplaces
central heating
central air conditioning
large windows
Building Details
Year Built
1897
Buildings
1
Construction
Victorian
Listing Agency:
Quorum Enterprises, Inc
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 4:35PM
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 Quorum Enterprises, Inc
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Investment Insights
Based on property information with market context.
This 3,032-square-foot duplex, built in 1897, contains 7 bedrooms and 3 bathrooms across two units. Interior details include hardwood and LVP flooring, high ceilings, 84-inch pocket doors, built-in hutches, large windows and ornamental fireplaces. Central heat and air conditioning serve both units. The property also has a rebuilt basement foundation with drain tile and a sump pump, plus a detached one-car garage and four off-street parking spaces.
A tear-off roof and replacement windows were completed in 2015, with interior remodeling listed for 2026. The unfinished attic provides more than 1,200 square feet that could expand the upper unit or potentially accommodate a third unit. The property is on N Murray Ave in Milwaukee, near UWM.
A tear-off roof and replacement windows were completed in 2015, with interior remodeling listed for 2026. The unfinished attic provides more than 1,200 square feet that could expand the upper unit or potentially accommodate a third unit. The property is on N Murray Ave in Milwaukee, near UWM.
Key Highlights
- Two‑unit property with 7 bedrooms and 3 bathrooms across 3,032 square feet
- Central heat and air conditioning in both units
- Rebuilt basement foundation, drain tile and sump pump
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,499
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,980
$610.0K
Cap Rate 7%
$435,700
$435.7K
Cap Rate 9%
$338,878
$338.9K
Market Conditions
NOI Build-Up for 3,032 SF
Gross rent
$45.5K $15.00/SF
− Vacancy
−$1.9K −$0.63/SF
EGI
$43.6K $14.37/SF
− OpEx
−$13.1K −$4.31/SF
NOI
$30.5K $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%
$609,980
Cap Rate 7%
$435,700
Cap Rate 9%
$338,878
Alternative Uses
Best Use
Multifamily LT 5
$435.7K
$381.2K – $508.3K
NOI $30,499 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$403.4K
$353.0K – $470.7K
NOI $28,240 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$728.6K
$637.5K – $850.1K
NOI $51,003 @ 7.0% cap · market cap 9.63%
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
1,899
Businesses Nearby
Explore this area
Business Placement
Demographics for 53211, WI
36,327
Population
16,346
Households
2.2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
4.0 sq mi
ZIP Area
9,082
Density / Sq Mi
$76,206
Median Household Income
$40,214
Median Earnings
$1,225
Median Rent
$413,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have central heating and air conditioning, with a detached garage and additional off-street parking.
Where is this duplex located?
The property is located at 2592 N Murray Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Two‑unit property with 7 bedrooms and 3 bathrooms across 3,032 square feet; Central heat and air conditioning in both units; Rebuilt basement foundation, drain tile and sump pump
