Duplex with Three-Car
2637 N Oakland Ave, Milwaukee, WI 53211
For Sale
$439,900
Two residential units offer distinct layouts, laundry facilities, and basement access.
Property Size2,542 SF
Price / SF$173.05
Days on Market66
Property Features for 2637 N Oakland Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
in-unit laundry
hardwood floors
built-ins
Building Details
Year Built
Listing Agency:
Smart Asset Realty Inc
Listed By:
Adam McCarthy · License WI #5831990
(414) 732-1123
Source:
Nikolicgroup
Added: Sep 10
Changed: Nov 10
Last Checked: Oct 7 at 5:15PM
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 Smart Asset Realty Inc
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Investment Insights
Based on property information with market context.
This 2,542-square-foot duplex was built in 1899 and includes two separate residential units. The lower apartment has 3 bedrooms, 1 bathroom, basement access, and in-unit laundry. The upper apartment provides 4 bedrooms, 1 bathroom, 3 additional flexible rooms, and laundry facilities. Interior character includes hardwood floors, built-in features, and abundant natural light.
A detached 3-car garage is divided into 2-car and 1-car sections and produces additional income. The property is located at 2637 N Oakland Ave in Milwaukee, near UWM, Riverside Park, and the Oakland Corridor, with restaurants, cafes, shops, and nightlife in the surrounding area.
A detached 3-car garage is divided into 2-car and 1-car sections and produces additional income. The property is located at 2637 N Oakland Ave in Milwaukee, near UWM, Riverside Park, and the Oakland Corridor, with restaurants, cafes, shops, and nightlife in the surrounding area.
Key Highlights
- 2,542‑square‑foot duplex built in 1899
- Lower unit includes 3 bedrooms, 1 bathroom, basement access, and in‑unit laundry
- Upper unit offers 4 bedrooms, 1 bathroom, 3 additional rooms, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,570
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,400
$511.4K
Cap Rate 7%
$365,286
$365.3K
Cap Rate 9%
$284,111
$284.1K
Market Conditions
NOI Build-Up for 2,542 SF
Gross rent
$38.1K $15.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$36.5K $14.37/SF
− OpEx
−$11.0K −$4.31/SF
NOI
$25.6K $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%
$511,400
Cap Rate 7%
$365,286
Cap Rate 9%
$284,111
Alternative Uses
Best Use
Multifamily LT 5
$365.3K
$319.6K – $426.2K
NOI $25,570 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$338.2K
$296.0K – $394.6K
NOI $23,676 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$610.9K
$534.5K – $712.7K
NOI $42,761 @ 7.0% cap · market cap 9.72%
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
1,908
Businesses Nearby
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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
$413,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, laundry facilities, and basement access.
Where is this duplex located?
The property is located at 2637 N Oakland Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 2,542‑square‑foot duplex built in 1899; Lower unit includes 3 bedrooms, 1 bathroom, basement access, and in‑unit laundry; Upper unit offers 4 bedrooms, 1 bathroom, 3 additional rooms, and laundry
