Updated 3/3
422 S 70th St Unit 424, Milwaukee, WI 53214
For Sale
$339,900
Separate utilities, wood flooring, main-floor laundry, and off-street parking support practical owner-occupant or rental use.
Property Size1,031 SF
Price / SF$329.68
Days on Market51
Property Features for 422 S 70th St Unit 424
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Shorewest Realtors, Inc.
Listed By:
Mikel Kollmansberger · License WI #5590690
(262) 271-5702
Source:
Jwregwi
Added: Sep 21
Changed: Oct 30
Last Checked: Nov 8 at 10:40AM
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.
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Investment Insights
Based on property information with market context.
This 3/3 duplex, built in 1965, offers spacious interiors with abundant natural light, wood flooring, and updates throughout. Each unit benefits from separate utilities, while a dedicated main-floor laundry area adds functional convenience. Off-street parking is also included, and the property has an established rental history.
The property is located at 422 S 70th St Unit 424 in Milwaukee, near State Fair Park and AmFam Field. Freeway access is available nearby, providing connectivity for residents and commuters. The combination of a two-unit layout, separate utilities, laundry facilities, parking, and updated interior features supports both rental and owner-occupant use.
The property is located at 422 S 70th St Unit 424 in Milwaukee, near State Fair Park and AmFam Field. Freeway access is available nearby, providing connectivity for residents and commuters. The combination of a two-unit layout, separate utilities, laundry facilities, parking, and updated interior features supports both rental and owner-occupant use.
Key Highlights
- 3/3 duplex built in 1965
- Separate utilities for the units
- Expansive living areas with natural light and wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,371
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,420
$207.4K
Cap Rate 7%
$148,157
$148.2K
Cap Rate 9%
$115,233
$115.2K
Market Conditions
NOI Build-Up for 1,031 SF
Gross rent
$15.5K $15.00/SF
− Vacancy
−$650 −$0.63/SF
EGI
$14.8K $14.37/SF
− OpEx
−$4.4K −$4.31/SF
NOI
$10.4K $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 Rate 5%
$207,420
Cap Rate 7%
$148,157
Cap Rate 9%
$115,233
Alternative Uses
Best Use
Multifamily LT 5
$148.2K
$129.6K – $172.9K
NOI $10,371 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$137.2K
$120.0K – $160.1K
NOI $9,603 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$247.8K
$216.8K – $289.1K
NOI $17,343 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
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Business Placement
Demographics for 53214, WI
34,297
Population
17,530
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
4,831
Density / Sq Mi
$62,712
Median Household Income
$46,304
Median Earnings
$999
Median Rent
$178,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities, wood flooring, main-floor laundry, and off-street parking support practical owner-occupant or rental use.
Where is this duplex located?
The property is located at 422 S 70th St Unit 424 Milwaukee, WI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 3/3 duplex built in 1965; Separate utilities for the units; Expansive living areas with natural light and wood flooring
