Updated Owner-Occupied
For Sale
$320,000
4946 N 108th St, Milwaukee, WI 53225
Two separate residences offer private entry points and proximity to shopping, dining, parks, and commuter routes.
Property Size1,740 SF
Price / SF$183.91
Days on Market66
Property Features for 4946 N 108th St
General Information
Standard status
Active
Size
1,740 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1959
Listing Agency:
Keller Williams Milwaukee North Shore
Listed By:
Charles Walker · License #9529494
(414) 962-3605
Source:
Nikolicgroup
Added: Aug 12
Changed: Sep 20
Last Checked: Oct 7 at 5:22PM
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 Milwaukee North Shore
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Investment Insights
Based on property information with market context.
This duplex, built in 1959, has been newly updated and includes two separate residences with individual entrances. One unit is owner-occupied, while both units feature spacious living areas and practical residential layouts. Ample on-site parking adds convenience for occupants and guests.
The property is situated near shopping, dining, parks, and major commuter routes. RT2 zoning supports its existing duplex configuration and provides a clear framework for the residential use.
The property is situated near shopping, dining, parks, and major commuter routes. RT2 zoning supports its existing duplex configuration and provides a clear framework for the residential use.
Key Highlights
- Newly updated duplex built in 1959
- One unit is owner‑occupied
- Separate entrances for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,503
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,060
$350.1K
Cap Rate 7%
$250,043
$250.0K
Cap Rate 9%
$194,478
$194.5K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$26.1K $15.00/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$25.0K $14.37/SF
− OpEx
−$7.5K −$4.31/SF
NOI
$17.5K $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%
$350,060
Cap Rate 7%
$250,043
Cap Rate 9%
$194,478
Alternative Uses
Best Use
Multifamily LT 5
$250.0K
$218.8K – $291.7K
NOI $17,503 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$231.5K
$202.6K – $270.1K
NOI $16,206 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$418.1K
$365.9K – $487.8K
NOI $29,270 @ 7.0% cap · market cap 9.15%
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
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Explore this area
Business Placement
Demographics for 53225, WI
25,138
Population
11,019
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
91%
High-School Grad
7.0 sq mi
ZIP Area
3,591
Density / Sq Mi
$54,433
Median Household Income
$40,463
Median Earnings
$1,094
Median Rent
$174,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private entry points and proximity to shopping, dining, parks, and commuter routes.
Where is this duplex located?
The property is located at 4946 N 108th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Newly updated duplex built in 1959; One unit is owner‑occupied; Separate entrances for each residence
