Duplex with Two-Car
For Sale
$300,000
4127 N 84th St Unit 4129, Milwaukee, WI 53222
Two-unit residential property with updated interiors, basement recreation areas, private outdoor space, and established rental occupancy.
Property Size2,192 SF
Price / SF$136.86
Days on Market15
Property Features for 4127 N 84th St Unit 4129
General Information
Standard status
Active
Size
2,192 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1955
Buildings
1
Listing Agency:
RE/MAX Preferred-Delafield
Listed By:
The Vinz Real Estate Collectiv Group*
(608) 393-3330
Source:
Jwregwi
Added: Sep 13
Changed: Sep 26
Last Checked: Sep 26 at 9:28AM
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.
This 2,192-square-foot duplex, built in 1955, contains two residential units, each arranged with three bedrooms and one bathroom. Interior features include hardwood flooring, stainless steel appliances, central air, spacious bedrooms, ample closet storage, and newer windows. Separate basement recreation rooms add usable space for each unit.
The property also includes a fully fenced backyard with a patio, a 2-car garage, and off-street parking for 2 vehicles. Tenants handle lawn care and snow removal, while rental income is already in place. The combination of two matching unit layouts, dedicated basement areas, and multiple parking options supports continued residential rental use.
The property also includes a fully fenced backyard with a patio, a 2-car garage, and off-street parking for 2 vehicles. Tenants handle lawn care and snow removal, while rental income is already in place. The combination of two matching unit layouts, dedicated basement areas, and multiple parking options supports continued residential rental use.
Key Highlights
- Two‑unit property with 3 bedrooms and 1 bathroom per unit
- 2,192 square feet; 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
7.35%
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 7.35%
Second Best
Apartment 5plus
$291.7K
$255.2K – $340.3K
NOI $20,416 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$526.8K
$460.9K – $614.6K
NOI $36,873 @ 7.0% cap · market cap 12.29%
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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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-unit residential property with updated interiors, basement recreation areas, private outdoor space, and established rental occupancy.
Where is this duplex located?
The property is located at 4127 N 84th St Unit 4129 Milwaukee, WI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit property with 3 bedrooms and 1 bathroom per unit; 2,192 square feet; built in 1955; Hardwood floors, stainless steel appliances, central air, and many newer windows
