Renovated
4574 N 24th St, Milwaukee, WI 53209
For Sale
New
$199,900
Both residences have month-to-month leases, and the property is near public transportation and I-43.
Property Size1,891 SF
Price / SF$105.71
Days on Market5
Property Features for 4574 N 24th St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Average Monthly Rent
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
Keller Williams-MNS Wauwatosa
Listed By:
Holly Speranza · License WI #56826
(414) 517-4717
Source:
Nikolicgroup
Added: Nov 7
Last Checked: Oct 4 at 9:32AM
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-MNS Wauwatosa
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Investment Insights
Based on property information with market context.
Built in 1926, this two-unit duplex has been renovated. Each residence contains two bedrooms and one full bathroom. Both units are occupied under month-to-month rental agreements, and the property is zoned RS6.
At 4574 N 24th St in Milwaukee, the duplex is near Moody Park, Sherman Phoenix, and shopping and dining along Capitol Dr. Public transportation and I-43 provide access to destinations throughout the city.
At 4574 N 24th St in Milwaukee, the duplex is near Moody Park, Sherman Phoenix, and shopping and dining along Capitol Dr. Public transportation and I-43 provide access to destinations throughout the city.
Key Highlights
- Two‑unit duplex with two bedrooms and one full bathroom in each residence
- Renovated; built in 1926
- Both units occupied under month‑to‑month rental agreements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,223
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,460
$364.5K
Cap Rate 7%
$260,329
$260.3K
Cap Rate 9%
$202,478
$202.5K
Market Conditions
NOI Build-Up for 1,891 SF
Gross rent
$35.2K $18.60/SF
− Vacancy
−$2.0K −$1.08/SF
EGI
$33.1K $17.52/SF
− OpEx
−$14.9K −$7.88/SF
NOI
$18.2K $9.64/SF
Area
ZIP 53209
Vacancy
5.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,460
Cap Rate 7%
$260,329
Cap Rate 9%
$202,478
Alternative Uses
Best Use
Multifamily LT 5
$280.1K
$245.1K – $326.8K
NOI $19,605 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$260.3K
$227.8K – $303.7K
NOI $18,223 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$454.4K
$397.6K – $530.2K
NOI $31,810 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 53209, WI
44,586
Population
21,466
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,090
Density / Sq Mi
$45,288
Median Household Income
$33,854
Median Earnings
$980
Median Rent
$150,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have month-to-month leases, and the property is near public transportation and I-43.
Where is this duplex located?
The property is located at 4574 N 24th St 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‑unit duplex with two bedrooms and one full bathroom in each residence; Renovated; built in 1926; Both units occupied under month‑to‑month rental agreements
