Lake-View Duplex with
414-412 Lakeview Rd, South Milwaukee, WI 53172
For Sale
$439,000
Two vacant residences each include an attached garage, first-floor laundry, and a fully owned solar electric system.
Property Size2,651 SF
Price / SF$165.60
Days on Market16
Property Features for 414-412 Lakeview Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
The Real Estate Edge, LLC
(262) 370-0580
Listed By:
Bret Duer · License WI #9259694
(920) 901-3661
Source:
Exprealty
Added: Oct 27
Changed: Nov 10
Last Checked: Nov 10 at 2:12PM
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 The Real Estate Edge, LLC
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Investment Insights
Based on property information with market context.
This side-by-side townhouse duplex contains two separate residences, each with three bedrooms, 1.5 bathrooms, more than 1,300 square feet, a first-floor laundry room, and an attached one-car garage. Both units are vacant. The property includes a fully paid-off solar electric system, and the roof is less than three years old.
Lake Michigan is one block away, with lake views from the front yard. The property is located at 414-412 Lakeview Rd in South Milwaukee, Wisconsin.
Lake Michigan is one block away, with lake views from the front yard. The property is located at 414-412 Lakeview Rd in South Milwaukee, Wisconsin.
Key Highlights
- Two side‑by‑side townhouse units, each with 3 bedrooms and 1.5 bathrooms
- Each residence offers more than 1,300 square feet, first‑floor laundry, and an attached one‑car garage
- Fully paid‑off solar electric system included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,409
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,180
$568.2K
Cap Rate 7%
$405,843
$405.8K
Cap Rate 9%
$315,656
$315.7K
Market Conditions
NOI Build-Up for 2,651 SF
Gross rent
$42.9K $16.20/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$40.6K $15.31/SF
− OpEx
−$12.2K −$4.59/SF
NOI
$28.4K $10.72/SF
Area
Milwaukee County, WI
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,180
Cap Rate 7%
$405,843
Cap Rate 9%
$315,656
Alternative Uses
Best Use
Multifamily LT 5
$405.8K
$355.1K – $473.5K
NOI $28,409 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$362.5K
$317.2K – $423.0K
NOI $25,378 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$628.6K
$550.1K – $733.4K
NOI $44,005 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 53172, WI
20,795
Population
9,150
Households
2.3
Avg Household Size
42
Median Age
28%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
4,332
Density / Sq Mi
$70,146
Median Household Income
$42,958
Median Earnings
$1,014
Median Rent
$216,400
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Milwaukee County, WI
Properties on Market for Duplexes in Milwaukee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences each include an attached garage, first-floor laundry, and a fully owned solar electric system.
Where is this duplex located?
The property is located at 414-412 Lakeview Rd South Milwaukee, WI.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two side‑by‑side townhouse units, each with 3 bedrooms and 1.5 bathrooms; Each residence offers more than 1,300 square feet, first‑floor laundry, and an attached one‑car garage; Fully paid‑off solar electric system included
