Two-Family Residential Income
4324 North 15th Street Unit 4324A Milwaukee, WI 53209
For Sale
$199,900
Meticulous two-family duplex with updated bathrooms, eat-in kitchens, and a detached garage plus yard and newer balcony.
Property Size1,798 SF
Price / SF$111.18
Days on Market31
Property Features for 4324 North 15th Street Unit 4324A
General Information
Standard status
Active
Size
1,798 SF
Property subtype
Two-Family / Two Family
Building Details
Year Built
1943
Listing Agency:
Realty Executives Integrity~Cedarburg
(414) 899-9307
Listed By:
Mary Edwards · License #66093-94
(414) 899-9307
Source:
Compass
Added: Jun 30
Changed: Jul 21
Last Checked: Jul 29 at 1:20PM
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 Realty Executives Integrity~Cedarburg
Investment Insights
Based on property information with market context.
This meticulous two-family duplex offers spacious living rooms with plenty of natural light in both units, along with huge eat-in kitchens and nice-size bedrooms. Updated bathrooms add to the overall condition. The main-floor unit includes appliances, while appliances are listed as included only on the main floor. A lower level provides additional space and easy ideas for use, and the home also features a detached garage, a yard, and a newer balcony.
The property is located at 4324 North 15th Street, Unit 4324A, in Milwaukee, WI 53209.
With two residential units, updated interiors, and outdoor space supported by the detached garage, this duplex is well-suited for buyers looking for a residential income property within the existing two-family layout.
The property is located at 4324 North 15th Street, Unit 4324A, in Milwaukee, WI 53209.
With two residential units, updated interiors, and outdoor space supported by the detached garage, this duplex is well-suited for buyers looking for a residential income property within the existing two-family layout.
Key Highlights
- Two‑family duplex built in 1943 with full basement
- Each unit features 2 bedrooms and 1 full bath
- Both units include spacious living rooms with plenty of natural light
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.4k | $18.60 |
| − Vacancy | −$1.9k | −$1.08 |
| EGI | $31.5k | $17.52 |
| − OpEx | −$14.2k | −$7.88 |
| NOI | $17.3k | $9.64 |
1,798 SF · lease $18.60/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$266.3K
$233.0K – $310.7K
NOI $18,640 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$247.5K
$216.6K – $288.8K
NOI $17,327 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$432.1K
$378.1K – $504.1K
NOI $30,245 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Meticulous two-family duplex with updated bathrooms, eat-in kitchens, and a detached garage plus yard and newer balcony.
Where is this duplex located?
The property is located at 4324 North 15th Street Unit 4324A Milwaukee, WI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑family duplex built in 1943 with full basement; Each unit features 2 bedrooms and 1 full bath; Both units include spacious living rooms with plenty of natural light
