Tenant-Occupied Duplex with
For Sale
$309,900
4127 N 84th St, Milwaukee, WI 53222
Two three-bedroom units offer hardwood floors, central air, newer windows, and separate basement recreation areas.
Property Size2,192 SF
Price / SF$141.38
Days on Market41
Property Features for 4127 N 84th St
General Information
Standard status
Active
Size
2,192 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
hardwood floors
stainless steel appliances
central air
rec room
fully-fenced backyard
patio area
Building Details
Year Built
1955
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Preferred-Delafield
(920) 893-3001
Listed By:
The Vinz Real Estate Collectiv Group*
Source:
Nikolicgroup
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 30 at 8:07PM
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 Preferred-Delafield
Investment Insights
Based on property information with market context.
Built in 1955, this 2,192-square-foot duplex contains two tenant-occupied units, each configured with three bedrooms and one bathroom. Interior features include spacious bedrooms, ample closet storage, hardwood flooring, stainless steel appliances, central air, and multiple newer windows. Each unit also has a separate basement recreation room that can support storage or other permitted uses.
The property includes a fully fenced backyard with a patio, a two-car garage, and off-street parking for two additional vehicles. Residents handle lawn care and snow removal. Located at 4127 N 84th St in Milwaukee, Wisconsin, the property presents a defined two-unit configuration with existing occupancy and dedicated outdoor and parking improvements.
The property includes a fully fenced backyard with a patio, a two-car garage, and off-street parking for two additional vehicles. Residents handle lawn care and snow removal. Located at 4127 N 84th St in Milwaukee, Wisconsin, the property presents a defined two-unit configuration with existing occupancy and dedicated outdoor and parking improvements.
Key Highlights
- Two tenant‑occupied units, each with 3 bedrooms and 1 bathroom
- 2,192 SF duplex built in 1955
- Hardwood floors, stainless steel appliances, central air, and many newer windows
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
$22,049
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
7.11%
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%
$440,980
$441.0K
Cap Rate 7%
$314,986
$315.0K
Cap Rate 9%
$244,989
$245.0K
Market Conditions
NOI Build-Up for 2,192 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
$32.9K $15.00/SF
− Vacancy
−$1.4K −$0.63/SF
EGI
$31.5K $14.37/SF
− OpEx
−$9.4K −$4.31/SF
NOI
$22.0K $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%
$440,980
Cap Rate 7%
$314,986
Cap Rate 9%
$244,989
Alternative Uses
Best Use
Multifamily LT 5
$315.0K
$275.6K – $367.5K
NOI $22,049 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$291.7K
$255.2K – $340.3K
NOI $20,416 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$526.8K
$460.9K – $614.6K
NOI $36,873 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Explore this area
Business Placement
Demographics for 53222, WI
25,422
Population
11,765
Households
2.2
Avg Household Size
37
Median Age
44%
College-Educated
96%
High-School Grad
5.4 sq mi
ZIP Area
4,708
Density / Sq Mi
$73,523
Median Household Income
$48,029
Median Earnings
$1,026
Median Rent
$202,100
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 three-bedroom units offer hardwood floors, central air, newer windows, and separate basement recreation areas.
Where is this duplex located?
The property is located at 4127 N 84th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two tenant‑occupied units, each with 3 bedrooms and 1 bathroom; 2,192 SF duplex built in 1955; Hardwood floors, stainless steel appliances, central air, and many newer windows
