Updated Two-Unit
2611 North 33rd Street Milwaukee, WI 53210
For Sale
$180,000
Meticulously updated 2-flat duplex with modernized mechanicals, kitchens, and baths for rental flexibility or owner-occupancy.
Property Size1,542 SF
Price / SF$116.73
Days on Market87
Property Features for 2611 North 33rd Street
General Information
- Standard status
- Active
- Size
- 1,542 SF
- Property subtype
- Multi Family / 2 flat-up and down
Building Details
- Year Built
- 1904
Listing Agency:
Berkshire Hathaway HomeServices True Realty
(608) 843-1125
Listed By:
Jennifer Mendez Rodriguez · License #96062-94
(608) 843-1125
Source:
Compass
Added: Apr 29
Changed: Jul 10
Last Checked: Jul 23 at 10:41AM
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 Berkshire Hathaway HomeServices True Realty
Investment Insights
Based on property information with market context.
This meticulously updated two-unit duplex offers a lower and upper flat with distinct layouts. The lower unit features three spacious bedrooms, one full bath, lots of natural light, and high ceilings. The upper unit offers a brighter open-concept arrangement with a restructured layout designed to maximize space, including two walk-in closets and a balcony. Both units include new windows, flooring, drywall/paint, updated kitchens and baths, and light fixtures. Major systems have been refreshed as well, including HVAC systems, boilers, and updated electrical and plumbing.
The property includes exterior updates with fresh paint and roof repairs. A security system is included. The sale is being offered as part of a 1031 exchange.
For tenants, buyers, or operators, the separated two-flat configuration supports either traditional rental use or an owner-occupant strategy that allows one unit to be lived in while the other helps offset expenses. The comprehensive interior and systems updates reduce near-term turnover concerns, while the balcony on the upper level and high-ceiling feel in the lower unit add appeal for day-to-day living. The duplex is located at 2611 North 33rd Street in Milwaukee, Wisconsin 53210.
The property includes exterior updates with fresh paint and roof repairs. A security system is included. The sale is being offered as part of a 1031 exchange.
For tenants, buyers, or operators, the separated two-flat configuration supports either traditional rental use or an owner-occupant strategy that allows one unit to be lived in while the other helps offset expenses. The comprehensive interior and systems updates reduce near-term turnover concerns, while the balcony on the upper level and high-ceiling feel in the lower unit add appeal for day-to-day living. The duplex is located at 2611 North 33rd Street in Milwaukee, Wisconsin 53210.
Key Highlights
- Meticulously updated 2‑flat duplex built in 1904 with full basement
- Lower unit: 3 bedrooms, 1 full bath, high ceilings, and lots of natural light
- Upper unit: open‑concept layout with 2 walk‑in closets and a balcony
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 | $23.1k | $15.00 |
| − Vacancy | −$971 | −$0.63 |
| EGI | $22.2k | $14.37 |
| − OpEx | −$6.6k | −$4.31 |
| NOI | $15.5k | $10.06 |
1,542 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$221.6K
$193.9K – $258.5K
NOI $15,511 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$205.2K
$179.5K – $239.4K
NOI $14,362 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$370.6K
$324.2K – $432.3K
NOI $25,939 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Meticulously updated 2-flat duplex with modernized mechanicals, kitchens, and baths for rental flexibility or owner-occupancy.
Where is this duplex located?
The property is located at 2611 North 33rd Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Meticulously updated 2‑flat duplex built in 1904 with full basement; Lower unit: 3 bedrooms, 1 full bath, high ceilings, and lots of natural light; Upper unit: open‑concept layout with 2 walk‑in closets and a balcony
