Renovated 5-Bedroom
New
For Sale
$349,000
4908 W Lynndale Ave, Milwaukee, WI 53220
Modern kitchens, refreshed baths, a detached garage, and substantial outdoor space support comfortable occupancy and rental use.
Property Size1,586 SF
Price / SF$220.05
Days on Market4
Property Features for 4908 W Lynndale Ave
General Information
Standard status
Active
Size
1,586 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
granite countertops
center islands
updated cabinetry
contemporary flooring
refreshed bathrooms
abundant natural light
spacious backyard
ample off-street parking
detached multi-car garage
Building Details
Year Built
1955
Listing Agency:
Coldwell Banker Realty
(920) 893-3001
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 30 at 4:04PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This duplex at 4908 W Lynndale Ave in Milwaukee combines a five-bedroom, two-bath layout with extensive interior updates. The kitchens include granite countertops, center islands, and newer cabinetry, while contemporary flooring and refreshed bathrooms contribute to the renovated presentation. Abundant natural light further enhances the living areas.
Exterior features include a spacious backyard, off-street parking, and a detached multi-car garage. Built in 1955, the property offers a residential income configuration that can accommodate an owner-occupant or investor, as supported by the duplex layout and updated condition.
Exterior features include a spacious backyard, off-street parking, and a detached multi-car garage. Built in 1955, the property offers a residential income configuration that can accommodate an owner-occupant or investor, as supported by the duplex layout and updated condition.
Key Highlights
- Five‑bedroom, two‑bath duplex at 4908 W Lynndale Ave, Milwaukee, WI 53220
- PropertySize: 1586
- Granite kitchen countertops, center islands, and updated cabinetry
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
$15,954
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
4.57%
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%
$319,080
$319.1K
Cap Rate 7%
$227,914
$227.9K
Cap Rate 9%
$177,267
$177.3K
Market Conditions
NOI Build-Up for 1,586 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
$23.8K $15.00/SF
− Vacancy
−$999 −$0.63/SF
EGI
$22.8K $14.37/SF
− OpEx
−$6.8K −$4.31/SF
NOI
$16.0K $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%
$319,080
Cap Rate 7%
$227,914
Cap Rate 9%
$177,267
Alternative Uses
Best Use
Multifamily LT 5
$227.9K
$199.4K – $265.9K
NOI $15,954 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$211.0K
$184.7K – $246.2K
NOI $14,772 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$381.1K
$333.5K – $444.7K
NOI $26,679 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
243
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
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 - Modern kitchens, refreshed baths, a detached garage, and substantial outdoor space support comfortable occupancy and rental use.
Where is this duplex located?
The property is located at 4908 W Lynndale Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Five‑bedroom, two‑bath duplex at 4908 W Lynndale Ave, Milwaukee, WI 53220; PropertySize: 1586; Granite kitchen countertops, center islands, and updated cabinetry
