Duplex with Detached
For Sale
$334,900
4538-4536 W Tripoli Ave, Milwaukee, WI 53220
Two separate units include updated windows, individual HVAC systems, and separately metered electric service.
Property Size1,728 SF
Price / SF$193.81
Days on Market21
Property Features for 4538-4536 W Tripoli Ave
General Information
Standard status
Active
Size
1,728 SF
Total Parking Spaces
2
Property subtype
Residential Income
Site & Location
Neighborhood
Honey Creek Manor
Units
Multifamily Units
2
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$5,201
Amenities
separate laundry facilities
backyard deck
storage shed
Building Details
Buildings
1
Listing Agency:
M3 Realty
Listed By:
Benjamin Mullikin
(262) 787-8995
Source:
Exprealty
Added: Oct 15
Changed: Oct 31
Last Checked: Nov 3 at 10:49AM
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 M3 Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1,728 square feet across two units. Hardwood flooring is present, with newer carpeting in the upper unit. Updated vinyl replacement windows, a newer roof, and vinyl siding are among the exterior and interior improvements. Each unit has a newer HVAC system.
The partially finished basement includes an egress window, half bath, and separate laundry facilities. Electric service is separately metered for the units. A private driveway, detached two-car garage, backyard deck, and storage shed complete the property.
The partially finished basement includes an egress window, half bath, and separate laundry facilities. Electric service is separately metered for the units. A private driveway, detached two-car garage, backyard deck, and storage shed complete the property.
Key Highlights
- 1,728‑square‑foot duplex with two units
- Newer HVAC systems in both units
- Separately metered electric utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,382
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,640
$347.6K
Cap Rate 7%
$248,314
$248.3K
Cap Rate 9%
$193,133
$193.1K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$25.9K $15.00/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$24.8K $14.37/SF
− OpEx
−$7.4K −$4.31/SF
NOI
$17.4K $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 Rate 5%
$347,640
Cap Rate 7%
$248,314
Cap Rate 9%
$193,133
Alternative Uses
Best Use
Multifamily LT 5
$248.3K
$217.3K – $289.7K
NOI $17,382 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$229.9K
$201.2K – $268.2K
NOI $16,094 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$415.3K
$363.4K – $484.5K
NOI $29,068 @ 7.0% cap · market cap 8.68%
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
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 53220, WI
26,869
Population
12,547
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
93%
High-School Grad
5.6 sq mi
ZIP Area
4,798
Density / Sq Mi
$69,301
Median Household Income
$47,844
Median Earnings
$1,063
Median Rent
$218,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units include updated windows, individual HVAC systems, and separately metered electric service.
Where is this duplex located?
The property is located at 4538-4536 W Tripoli Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: 1,728‑square‑foot duplex with two units; Newer HVAC systems in both units; Separately metered electric utilities
