Brick Duplex with Two-Car
For Sale
$325,000
334 N 60th St, Milwaukee, WI 53213
Two residential units feature updated kitchens, hardwood flooring, private living areas, and shared outdoor space.
Property Size1,638 SF
Price / SF$198.41
Days on Market10
Property Features for 334 N 60th St
General Information
Standard status
Active
Size
1,638 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
hardwood floors
Craftsman built-ins
stone countertops
stainless appliances
large backyard
Building Details
Year Built
1924
Buildings
1
Construction
brick
Listing Agency:
Shorewest Realtors, Inc.
Listed By:
Cierra Burmeister
(262) 607-0215
Source:
Nikolicgroup
Added: Sep 11
Last Checked: Sep 20 at 11:05AM
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 Shorewest Realtors, Inc.
Investment Insights
Based on property information with market context.
Built in 1924, this 1,638-square-foot brick duplex at 334 N 60th St includes two residential units, each with 2 bedrooms and 1 bath. The main-level residence offers hardwood floors, Craftsman built-ins, a large living room, and a white kitchen equipped with stone countertops and stainless appliances. The upper unit includes spacious bedrooms, a comfortable living area, and an updated eat-in kitchen with pantry storage.
Exterior amenities include a large backyard with room for gardening, a 2-car garage, and additional driveway parking. The property is situated in Milwaukee’s Bluemound Heights, near Bluemound shops, dining, and commuter routes.
Exterior amenities include a large backyard with room for gardening, a 2-car garage, and additional driveway parking. The property is situated in Milwaukee’s Bluemound Heights, near Bluemound shops, dining, and commuter routes.
Key Highlights
- Two‑unit brick duplex at 334 N 60th St in Milwaukee
- Each unit includes 2 bedrooms and 1 bath
- 1,638 square feet; built in 1924
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
$16,477
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
5.07%
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%
$329,540
$329.5K
Cap Rate 7%
$235,386
$235.4K
Cap Rate 9%
$183,078
$183.1K
Market Conditions
NOI Build-Up for 1,638 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
$24.6K $15.00/SF
− Vacancy
−$1.0K −$0.63/SF
EGI
$23.5K $14.37/SF
− OpEx
−$7.1K −$4.31/SF
NOI
$16.5K $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%
$329,540
Cap Rate 7%
$235,386
Cap Rate 9%
$183,078
Alternative Uses
Best Use
Multifamily LT 5
$235.4K
$206.0K – $274.6K
NOI $16,477 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$217.9K
$190.7K – $254.3K
NOI $15,256 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$393.6K
$344.4K – $459.2K
NOI $27,554 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 53213, WI
26,469
Population
12,591
Households
2.1
Avg Household Size
37
Median Age
63%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
6,787
Density / Sq Mi
$94,144
Median Household Income
$59,472
Median Earnings
$1,228
Median Rent
$311,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated kitchens, hardwood flooring, private living areas, and shared outdoor space.
Where is this duplex located?
The property is located at 334 N 60th St 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: Two‑unit brick duplex at 334 N 60th St in Milwaukee; Each unit includes 2 bedrooms and 1 bath; 1,638 square feet; built in 1924
