Remodeled Two-Unit
For Sale
$159,999
4323 W Fairmount Ave, Milwaukee, WI 53218
Two residential units feature refreshed kitchens, baths, living areas, and bedrooms in an upper-and-lower configuration.
Property Size1,174 SF
Price / SF$136.29
Days on Market50
Property Features for 4323 W Fairmount Ave
General Information
Standard status
Active
Size
1,174 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Hampton Heights
Additional Details
Multifamily Units
2
Building Details
Year Built
1948
Buildings
1
Listing Agency:
Premier Point Realty LLC
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 3 at 5:44AM
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 Premier Point Realty LLC
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Investment Insights
Based on property information with market context.
This two-unit duplex at 4323 W Fairmount Ave includes one residence on the upper level and another below. Each unit has two bedrooms, along with remodeled kitchen, bathroom, living room, and bedroom areas. The property was built in 1948 and offers a clearly defined residential layout across both units.
Key Highlights
- Two‑unit duplex with an upper residence and a lower residence
- Each unit contains two bedrooms
- Remodeled kitchens, bathrooms, living rooms, and bedrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,448
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,960
$249.0K
Cap Rate 7%
$177,829
$177.8K
Cap Rate 9%
$138,311
$138.3K
Market Conditions
NOI Build-Up for 1,174 SF
Gross rent
$19.0K $16.20/SF
− Vacancy
−$1.2K −$1.05/SF
EGI
$17.8K $15.15/SF
− OpEx
−$5.3K −$4.54/SF
NOI
$12.4K $10.60/SF
Area
ZIP 53218
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,960
Cap Rate 7%
$177,829
Cap Rate 9%
$138,311
Alternative Uses
Best Use
Multifamily LT 5
$177.8K
$155.6K – $207.5K
NOI $12,448 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$159.5K
$139.6K – $186.1K
NOI $11,167 @ 7.0% cap · market cap 6.98%
Theoretical Best
Warehouse
$889.9K
$778.7K – $1.04M
NOI $62,293 @ 7.0% cap · market cap 38.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
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Business Placement
Demographics for 53218, WI
38,488
Population
15,971
Households
2.4
Avg Household Size
31
Median Age
10%
College-Educated
83%
High-School Grad
5.9 sq mi
ZIP Area
6,523
Density / Sq Mi
$42,207
Median Household Income
$33,622
Median Earnings
$1,034
Median Rent
$122,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature refreshed kitchens, baths, living areas, and bedrooms in an upper-and-lower configuration.
Where is this duplex located?
The property is located at 4323 W Fairmount Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $159,999.
What are key features of this property?
This property features: Two‑unit duplex with an upper residence and a lower residence; Each unit contains two bedrooms; Remodeled kitchens, bathrooms, living rooms, and bedrooms in both units
