Duplex with Detached Two-Car
For Sale
$299,900
447 South 72nd Street, Milwaukee, WI 53214
Two matching units offer refreshed interiors, hardwood flooring, and access to a fenced outdoor area.
Property Size1,632 SF
Price / SF$183.76
Days on Market77
Property Features for 447 South 72nd Street
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Two-Family / Two Family
Taxes and HOA fees
Annual Taxes
$5,586
Amenities
Full, Block
Vinyl
2.0
1.0
0.0
4.0
1632.0
5.0
Building Details
Year Built
1921
Listing Agency:
Keller Williams Realty-Milwaukee Southwest
(262) 470-5809
Listed By:
Nicholas Bourdo · License #110425-94
(262) 470-5809
Source:
Compass
Added: Jun 17
Changed: Aug 29
Last Checked: Jul 20 at 6:48PM
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 Keller Williams Realty-Milwaukee Southwest
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each configured with two bedrooms and one bathroom. Interior updates include fresh paint and hardwood flooring. The property also includes a detached two-car garage, a fully fenced backyard, and additional yard area on a double lot. The outdoor space accommodates gardening and entertaining uses.
Located at 447 S 72nd St in Milwaukee, the property is minutes from downtown West Allis, Wisconsin State Fair Park, the Hank Aaron State Trail, shopping, and dining. The two-unit layout supports both owner-occupant and investor ownership strategies.
Located at 447 S 72nd St in Milwaukee, the property is minutes from downtown West Allis, Wisconsin State Fair Park, the Hank Aaron State Trail, shopping, and dining. The two-unit layout supports both owner-occupant and investor ownership strategies.
Key Highlights
- Two‑unit duplex with matching 2‑bedroom, 1‑bath layouts
- Fresh paint and hardwood flooring in both units
- Detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,416
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$328,320
$328.3K
Cap Rate 7%
$234,514
$234.5K
Cap Rate 9%
$182,400
$182.4K
Market Conditions
NOI Build-Up for 1,632 SF
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.
Gross rent
$24.5K $15.00/SF
− Vacancy
−$1.0K −$0.63/SF
EGI
$23.5K $14.37/SF
− OpEx
−$7.0K −$4.31/SF
NOI
$16.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$328,320
Cap Rate 7%
$234,514
Cap Rate 9%
$182,400
Alternative Uses
Best Use
Multifamily LT 5
$234.5K
$205.2K – $273.6K
NOI $16,416 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$217.1K
$190.0K – $253.3K
NOI $15,200 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$392.2K
$343.2K – $457.6K
NOI $27,453 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two matching units offer refreshed interiors, hardwood flooring, and access to a fenced outdoor area.
Where is this duplex located?
The property is located at 447 South 72nd Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex with matching 2‑bedroom, 1‑bath layouts; Fresh paint and hardwood flooring in both units; Detached two‑car garage
