Brick Duplex With Detached
For Sale
$174,900
4645 W Fond Du Lac Ave, Milwaukee, WI 53216
Two residential units include separate gas and electric service, shared basement space, and individual mechanical systems.
Property Size1,624 SF
Price / SF$107.70
Days on Market60
Property Features for 4645 W Fond Du Lac Ave
General Information
Standard status
Active
Size
1,624 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1951
Buildings
1
Construction
brick
Listing Agency:
Midwest Executive Realty
Listed By:
Sonya Mays · License #56555
(414) 395-8771
Source:
Nikolicgroup
Added: Aug 18
Changed: Oct 12
Last Checked: Oct 7 at 4:10PM
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 Midwest Executive Realty
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Investment Insights
Based on property information with market context.
Built in 1951, this duplex contains two residential units, each with 2 bedrooms and 1 bathroom. Both apartments include a kitchen, living room, and hardwood floors. The solid brick exterior is complemented by a full shared basement with separate mechanical systems, a 2.5-car detached garage, and a 1-car paved parking slab. The property is being offered in its current condition and is fully rented.
The building sits along the Fond du Lac Avenue/Hwy 145 corridor in Milwaukee’s Grasslyn Manor neighborhood. Tenants handle their own gas and electric utilities, while water and sewer remain the owner’s responsibility. Snow removal and lawn maintenance are shared tenant responsibilities.
The building sits along the Fond du Lac Avenue/Hwy 145 corridor in Milwaukee’s Grasslyn Manor neighborhood. Tenants handle their own gas and electric utilities, while water and sewer remain the owner’s responsibility. Snow removal and lawn maintenance are shared tenant responsibilities.
Key Highlights
- Two‑unit building with 2 bedrooms and 1 bathroom in each unit
- Solid brick exterior with full shared basement and separate mechanical systems
- 2.5‑car detached garage plus 1‑car paved parking slab
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,126
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,520
$302.5K
Cap Rate 7%
$216,086
$216.1K
Cap Rate 9%
$168,067
$168.1K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$28.6K $17.64/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$27.5K $16.93/SF
− OpEx
−$12.4K −$7.62/SF
NOI
$15.1K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,520
Cap Rate 7%
$216,086
Cap Rate 9%
$168,067
Alternative Uses
Best Use
Multifamily LT 5
$233.4K
$204.2K – $272.3K
NOI $16,336 @ 7.0% cap · market cap 9.34%
Second Best
Apartment 5plus
$216.1K
$189.1K – $252.1K
NOI $15,126 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$390.3K
$341.5K – $455.3K
NOI $27,318 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 53216, WI
30,109
Population
13,556
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
4.6 sq mi
ZIP Area
6,545
Density / Sq Mi
$43,466
Median Household Income
$34,823
Median Earnings
$970
Median Rent
$122,800
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 - Two residential units include separate gas and electric service, shared basement space, and individual mechanical systems.
Where is this duplex located?
The property is located at 4645 W Fond Du Lac Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Two‑unit building with 2 bedrooms and 1 bathroom in each unit; Solid brick exterior with full shared basement and separate mechanical systems; 2.5‑car detached garage plus 1‑car paved parking slab
