Brick Colonial Duplex with Updated
4438-4436 N Frederick Ave, Shorewood, WI 53211
For Sale
$589,900
Side-by-side townhome units provide separate living spaces, with a kitchen addition in the north residence.
Property Size2,668 SF
Price / SF$221.10
Days on Market15
Property Features for 4438-4436 N Frederick Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Construction
Listing Agency:
Corcoran Realty & Co
(414) 214-0335
Listed By:
Katie Corcoran · License #5851290
(414) 975-7968
Source:
Exprealty
Added: Oct 24
Changed: Nov 5
Last Checked: Nov 6 at 9:43AM
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 Corcoran Realty & Co
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Investment Insights
Based on property information with market context.
This 2,668-square-foot brick Colonial is arranged as a side-by-side duplex, with two bedrooms in each residence. The north unit has 1.5 baths and an expanded kitchen with a vaulted ceiling, center island, and open-concept living area; the south unit has one full bath. A new garage was added in 2009.
The property is east of Oakland Avenue and north of Capitol Drive in Shorewood. Shops and restaurants along Oakland Avenue and Lake Bluff Elementary School are within walking distance.
The property is east of Oakland Avenue and north of Capitol Drive in Shorewood. Shops and restaurants along Oakland Avenue and Lake Bluff Elementary School are within walking distance.
Key Highlights
- 2,668‑square‑foot duplex with side‑by‑side residences
- Two bedrooms in each unit
- North unit includes 1.5 baths and an expanded kitchen with vaulted ceiling and center island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,591
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,820
$571.8K
Cap Rate 7%
$408,443
$408.4K
Cap Rate 9%
$317,678
$317.7K
Market Conditions
NOI Build-Up for 2,668 SF
Gross rent
$43.2K $16.20/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$40.8K $15.31/SF
− OpEx
−$12.3K −$4.59/SF
NOI
$28.6K $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%
$571,820
Cap Rate 7%
$408,443
Cap Rate 9%
$317,678
Alternative Uses
Best Use
Multifamily LT 5
$408.4K
$357.4K – $476.5K
NOI $28,591 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$364.9K
$319.3K – $425.7K
NOI $25,541 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$632.7K
$553.6K – $738.1K
NOI $44,288 @ 7.0% cap · market cap 7.51%
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
830
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
$413,500
Median Home Value
Market
Average Price Trend$/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 - Side-by-side townhome units provide separate living spaces, with a kitchen addition in the north residence.
Where is this duplex located?
The property is located at 4438-4436 N Frederick Ave Shorewood, WI.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: 2,668‑square‑foot duplex with side‑by‑side residences; Two bedrooms in each unit; North unit includes 1.5 baths and an expanded kitchen with vaulted ceiling and center island
