Six-Bedroom
For Sale
$223,000
2956 N 50th St, Milwaukee, WI 53210
Two-unit residential property with separate kitchens, living areas, and dining spaces, currently leased month to month.
Property Size1,150 SF
Price / SF$193.91
Days on Market32
Property Features for 2956 N 50th St
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1923
Buildings
1
Listing Agency:
RE/MAX Lakeside-South
(414) 339-8809
Listed By:
Alejandro Soto Melgoza · License #9577994
Source:
Nikolicgroup
Added: Jul 31
Changed: Aug 29
Last Checked: Aug 30 at 8:50PM
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 RE/MAX Lakeside-South
Investment Insights
Based on property information with market context.
Built in 1923, this duplex contains two separately arranged residences. The first-floor home includes four bedrooms along with a living room, dining area, and full kitchen. Upstairs, the second residence provides two bedrooms plus its own living room, dining space, and kitchen.
Both units are occupied under month-to-month rental arrangements, allowing continued tenancy or future flexibility for an owner-occupant. The property is located one block from Ascension SE Wisconsin Hospital - St. Joseph at 2956 N 50th St in Milwaukee.
Both units are occupied under month-to-month rental arrangements, allowing continued tenancy or future flexibility for an owner-occupant. The property is located one block from Ascension SE Wisconsin Hospital - St. Joseph at 2956 N 50th St in Milwaukee.
Key Highlights
- Two‑unit duplex with a 4‑bedroom lower residence and a 2‑bedroom upper residence
- Each unit includes its own living room, dining area, and kitchen
- Both residences are currently rented on a month‑to‑month basis
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
$11,568
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
5.19%
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%
$231,360
$231.4K
Cap Rate 7%
$165,257
$165.3K
Cap Rate 9%
$128,533
$128.5K
Market Conditions
NOI Build-Up for 1,150 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
$17.3K $15.00/SF
− Vacancy
−$725 −$0.63/SF
EGI
$16.5K $14.37/SF
− OpEx
−$5.0K −$4.31/SF
NOI
$11.6K $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 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%
$231,360
Cap Rate 7%
$165,257
Cap Rate 9%
$128,533
Alternative Uses
Best Use
Multifamily LT 5
$165.3K
$144.6K – $192.8K
NOI $11,568 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$153.0K
$133.9K – $178.5K
NOI $10,711 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$276.4K
$241.8K – $322.4K
NOI $19,345 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
Explore this area
Business Placement
Demographics for 53210, WI
25,588
Population
11,005
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
9,842
Density / Sq Mi
$45,268
Median Household Income
$35,797
Median Earnings
$1,044
Median Rent
$153,400
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 - Two-unit residential property with separate kitchens, living areas, and dining spaces, currently leased month to month.
Where is this duplex located?
The property is located at 2956 N 50th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $223,000.
What are key features of this property?
This property features: Two‑unit duplex with a 4‑bedroom lower residence and a 2‑bedroom upper residence; Each unit includes its own living room, dining area, and kitchen; Both residences are currently rented on a month‑to‑month basis
