Two-Unit Duplex with
For Sale
$405,000
2727 S Austin St, Milwaukee, WI 53207
Separate utilities, central air, and a fenced yard serve two residential units in Milwaukee’s Bay View area.
Property Size1,994 SF
Price / SF$203.11
Days on Market57
Property Features for 2727 S Austin St
General Information
Standard status
Active
Size
1,994 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
central air
fenced yard
Building Details
Year Built
1926
Buildings
1
Listing Agency:
Closing Time Realty, LLC
Listed By:
Pat McMahon · License #5437190
(414) 640-7338
Source:
Nikolicgroup
Added: Aug 21
Changed: Oct 13
Last Checked: Oct 7 at 4:36PM
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 Closing Time Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1926, this 1,994-square-foot duplex includes a three-bedroom lower residence and a two-bedroom upper residence. Hardwood flooring and original character details are featured in the lower unit, while both residences benefit from central air and separate utilities. The property also includes a fenced yard and a one-car garage, supporting practical residential use or an owner-occupied arrangement.
Located at 2727 S Austin St in Milwaukee’s Bay View area, the duplex is near local cafes, boutiques, and restaurants. The roof was updated in 2016, most windows were replaced in 2017, and both furnaces date to approximately 2021.
Located at 2727 S Austin St in Milwaukee’s Bay View area, the duplex is near local cafes, boutiques, and restaurants. The roof was updated in 2016, most windows were replaced in 2017, and both furnaces date to approximately 2021.
Key Highlights
- 1,994 SF duplex built in 1926
- Three‑bedroom lower unit and two‑bedroom upper unit
- Separate utilities and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,058
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,160
$401.2K
Cap Rate 7%
$286,543
$286.5K
Cap Rate 9%
$222,867
$222.9K
Market Conditions
NOI Build-Up for 1,994 SF
Gross rent
$29.9K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$28.7K $14.37/SF
− OpEx
−$8.6K −$4.31/SF
NOI
$20.1K $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%
$401,160
Cap Rate 7%
$286,543
Cap Rate 9%
$222,867
Alternative Uses
Best Use
Multifamily LT 5
$286.5K
$250.7K – $334.3K
NOI $20,058 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$265.3K
$232.2K – $309.5K
NOI $18,572 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$479.2K
$419.3K – $559.0K
NOI $33,542 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 53207, WI
34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
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 - Separate utilities, central air, and a fenced yard serve two residential units in Milwaukee’s Bay View area.
Where is this duplex located?
The property is located at 2727 S Austin St Milwaukee, WI.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 1,994 SF duplex built in 1926; Three‑bedroom lower unit and two‑bedroom upper unit; Separate utilities and central air
