Well-Maintained Duplex with Two
311 North 62nd Street Unit 313 Milwaukee, WI 53213
311 North 62nd Street Unit 313, Milwaukee, WI, 53213
$335,000
For Sale
$335,000
Duplex includes a 3BR/1.5BA lower unit and a 2BR/1BA upper unit for flexible rental configurations.
Property Size2,430 SF
Price / SF$137.86
Days on Market16
Property Features for 311 North 62nd Street Unit 313
General Information
- Standard status
- Active
- Size
- 2,430 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1952
Listing agency
Keller Williams Realty-Lake Country
(262) 719-0676
Listed by
Tony Wendorf & Associates Team* · License #84954-94
(262) 719-0676
Source
Compass
Added: Jul 8 Updated: Jul 21 at 7:29PM Checked: Jul 22 at 10:31AM
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-Lake Country
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two distinct residential units: a 3BR/1.5BA lower unit and a 2BR/1BA upper unit. The property is presented as a turnkey option, with a functional unit mix designed to support both long-term occupancy and flexible leasing.
The duplex is located near popular restaurants and bars, with shuttle routes providing access to major sporting events. American Family Field is approximately a 10-minute bike ride from the property, adding convenience for event-goers.
With two units configured to meet different household needs, this duplex can serve investors seeking rental income through a straightforward layout or an owner-occupant looking to offset living expenses.
The duplex is located near popular restaurants and bars, with shuttle routes providing access to major sporting events. American Family Field is approximately a 10-minute bike ride from the property, adding convenience for event-goers.
With two units configured to meet different household needs, this duplex can serve investors seeking rental income through a straightforward layout or an owner-occupant looking to offset living expenses.
Key Highlights
- Duplex with a 3BR/1.5BA lower unit and a 2BR/1BA upper unit for flexible rental configurations
- Estimated total living area: 2,430 SF
- Full, block basement
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $15.00 |
| − Vacancy | −$1.5k | −$0.63 |
| EGI | $34.9k | $14.37 |
| − OpEx | −$10.5k | −$4.31 |
| NOI | $24.4k | $10.06 |
2,430 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$349.2K
$305.5K – $407.4K
NOI $24,443 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$323.3K
$282.9K – $377.2K
NOI $22,633 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$583.9K
$511.0K – $681.3K
NOI $40,876 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex includes a 3BR/1.5BA lower unit and a 2BR/1BA upper unit for flexible rental configurations.
Where is this duplex located?
The property is located at 311 North 62nd Street Unit 313 Milwaukee, WI.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Duplex with a 3BR/1.5BA lower unit and a 2BR/1BA upper unit for flexible rental configurations; Estimated total living area: 2,430 SF; Full, block basement
