Character Duplex with Detached
For Sale
$325,000
2762 South Linebarger Terrace, Milwaukee, WI 53207
Duplex offering two spacious units with hardwood floors and recent new windows, plus a detached garage and yard.
Property Size2,015 SF
Price / SF$161.29
Days on Market76
Property Features for 2762 South Linebarger Terrace
General Information
Standard status
Active
Size
2,015 SF
Property subtype
Two-Family / Two Family
Taxes and HOA fees
Annual Taxes
$9,278
Amenities
Full, Block
Aluminum Siding
2.0
1.0
0.0
4.0
2015.0
5.0
Building Details
Year Built
1924
Listing Agency:
Keller Williams Realty-Milwaukee North Shore
(773) 891-7482
Listed By:
Jordan Reget · License #111446-94
(773) 891-7482
Source:
Compass
Added: Jun 17
Changed: Aug 8
Last Checked: Jul 23 at 7:17AM
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 Keller Williams Realty-Milwaukee North Shore
Investment Insights
Based on property information with market context.
This character-rich duplex features two spacious units with hardwood floors, beautiful stained-glass details, original built-ins, and classic woodwork. Recent improvements include new windows, bringing additional energy efficiency and more natural light to the interior spaces.
The property also includes a spacious yard and a detached garage, providing practical outdoor and parking/storage options. It is described as being just steps from Bay View’s popular restaurants, coffee shops, parks, and public transportation.
Overall, the home presents a classic residential income configuration with multiple preserved interior elements and recent window updates, offering a layout that suits a variety of owner-occupant and income-focused goals.
The property also includes a spacious yard and a detached garage, providing practical outdoor and parking/storage options. It is described as being just steps from Bay View’s popular restaurants, coffee shops, parks, and public transportation.
Overall, the home presents a classic residential income configuration with multiple preserved interior elements and recent window updates, offering a layout that suits a variety of owner-occupant and income-focused goals.
Key Highlights
- Duplex built in 1924 with 2 units, offering a total estimated 2,015 sq ft
- Each unit features 2 bedrooms and 1 full bathroom, for a combined 4 bedrooms and 2 full baths
- Interior details include hardwood floors, stained‑glass details, original built‑ins, and classic woodwork
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,269
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$405,380
$405.4K
Cap Rate 7%
$289,557
$289.6K
Cap Rate 9%
$225,211
$225.2K
Market Conditions
NOI Build-Up for 2,015 SF
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.
Gross rent
$30.2K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$29.0K $14.37/SF
− OpEx
−$8.7K −$4.31/SF
NOI
$20.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$405,380
Cap Rate 7%
$289,557
Cap Rate 9%
$225,211
Alternative Uses
Best Use
Multifamily LT 5
$289.6K
$253.4K – $337.8K
NOI $20,269 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$268.1K
$234.6K – $312.8K
NOI $18,768 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$484.2K
$423.7K – $564.9K
NOI $33,896 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
489
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex offering two spacious units with hardwood floors and recent new windows, plus a detached garage and yard.
Where is this duplex located?
The property is located at 2762 South Linebarger Terrace Milwaukee, WI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex built in 1924 with 2 units, offering a total estimated 2,015 sq ft; Each unit features 2 bedrooms and 1 full bathroom, for a combined 4 bedrooms and 2 full baths; Interior details include hardwood floors, stained‑glass details, original built‑ins, and classic woodwork
