Two-Unit Duplex with Four-Car
New
For Sale
$345,000
2920-a-2920 N Bartlett Ave, Milwaukee, WI 53211
The property includes updated exterior components, a backyard, and parking capacity for multiple vehicles.
Property Size1,978 SF
Price / SF$174.42
Days on Market4
Property Features for 2920-a-2920 N Bartlett Ave
General Information
Standard status
Active
Size
1,978 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Neighborhood
Cambridge Heights
Highway Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$38,400
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,276
Building Details
Buildings
1
Listing Agency:
The Hub Realty
Listed By:
Segal Goldman Realty Group*
Source:
Exprealty
Added: Nov 1
Changed: Nov 4
Last Checked: Nov 3 at 2:33PM
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 The Hub Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two units, each configured with two bedrooms and two bathrooms. The building measures 1,978 square feet and has newer windows, a newer roof, and vinyl siding. A backyard and a four-car parking area are also part of the property.
The Milwaukee address is one block west of Oakland and Locust. Nearby destinations and connections include UWM, Oakland Avenue shopping and dining, I-43, multiple bus routes, Riverside Park, and the Oak Leaf Trail along the Milwaukee River.
The Milwaukee address is one block west of Oakland and Locust. Nearby destinations and connections include UWM, Oakland Avenue shopping and dining, I-43, multiple bus routes, Riverside Park, and the Oak Leaf Trail along the Milwaukee River.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 bathrooms in each unit
- 1,978‑square‑foot building
- Four‑car parking area and additional spaces that may be leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,897
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,940
$397.9K
Cap Rate 7%
$284,243
$284.2K
Cap Rate 9%
$221,078
$221.1K
Market Conditions
NOI Build-Up for 1,978 SF
Gross rent
$29.7K $15.00/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$28.4K $14.37/SF
− OpEx
−$8.5K −$4.31/SF
NOI
$19.9K $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%
$397,940
Cap Rate 7%
$284,243
Cap Rate 9%
$221,078
Alternative Uses
Best Use
Multifamily LT 5
$284.2K
$248.7K – $331.6K
NOI $19,897 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$263.2K
$230.3K – $307.1K
NOI $18,423 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$475.3K
$415.9K – $554.6K
NOI $33,273 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
962
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes updated exterior components, a backyard, and parking capacity for multiple vehicles.
Where is this duplex located?
The property is located at 2920-a-2920 N Bartlett Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 bathrooms in each unit; 1,978‑square‑foot building; Four‑car parking area and additional spaces that may be leased
