Duplex with Detached
For Sale
$449,000
4339 N Sheffield Ave, Shorewood, WI 53211
Separate laundry in each residence, with additional off-street parking beyond the garage.
Property Size2,370 SF
Price / SF$189.45
Days on Market13
Property Features for 4339 N Sheffield Ave
General Information
Standard status
Active
Size
2,370 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
washer/dryer
Building Details
Year Built
1953
Listing Agency:
Shorewest Realtors, Inc.
Listed By:
Emily Fulton · License #8810594
(414) 739-6101
Source:
Nikolicgroup
Added: Oct 4
Changed: Oct 8
Last Checked: Oct 7 at 4:11PM
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 2,370-square-foot duplex, built in 1953, has two residences with hardwood flooring in the living areas and vinyl plank flooring in the kitchens. The upper unit also includes space for a dining area. Each residence has its own washer and dryer, and the property includes a detached two-car garage along with off-street parking.
The property is minutes from Estabrook Park, the Oak Leaf Trail, I-43, and the shops and restaurants of Shorewood Village.
The property is minutes from Estabrook Park, the Oak Leaf Trail, I-43, and the shops and restaurants of Shorewood Village.
Key Highlights
- 2,370‑square‑foot duplex built in 1953
- Detached two‑car garage and additional off‑street parking
- Separate washer and dryer in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,398
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,960
$508.0K
Cap Rate 7%
$362,829
$362.8K
Cap Rate 9%
$282,200
$282.2K
Market Conditions
NOI Build-Up for 2,370 SF
Gross rent
$38.4K $16.20/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$36.3K $15.31/SF
− OpEx
−$10.9K −$4.59/SF
NOI
$25.4K $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%
$507,960
Cap Rate 7%
$362,829
Cap Rate 9%
$282,200
Alternative Uses
Best Use
Multifamily LT 5
$362.8K
$317.5K – $423.3K
NOI $25,398 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$324.1K
$283.6K – $378.1K
NOI $22,688 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$562.0K
$491.8K – $655.7K
NOI $39,341 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Explore this area
Business Placement
Demographics for 53211, WI
36,327
Population
16,346
Households
2.2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
4.0 sq mi
ZIP Area
9,082
Density / Sq Mi
$76,206
Median Household Income
$40,214
Median Earnings
$1,225
Median Rent
$413,500
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate laundry in each residence, with additional off-street parking beyond the garage.
Where is this duplex located?
The property is located at 4339 N Sheffield Ave Shorewood, WI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,370‑square‑foot duplex built in 1953; Detached two‑car garage and additional off‑street parking; Separate washer and dryer in each residence
