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Two-Unit Duplex with Updated Systems
For Sale
$145,000

5047 N 31st St, Milwaukee, WI 53209

Income-producing residential property with two remodeled units, dedicated parking, and established tenancy.

Property Size1,522 SF
Price / SF$95.27
Days on Market20

Property Features for 5047 N 31st St

General Information

Standard status Active
Size 1,522 SF
Total Parking Spaces 2
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1929
Listing Agency: Shorewest Realtors - South Metro
Listed By: Ippoliti Property Group* · License #7611594
Source: Nikolicgroup
Added: Aug 13 Changed: Aug 30 Last Checked: Aug 31 at 7:33PM

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 Shorewest Realtors - South Metro

Investment Insights

Based on property information with market context.

Built in 1929, this 1,522-square-foot duplex contains two residential units with a two-bedroom configuration in each. Both units were remodeled approximately 10 years ago, while the property also features an updated electrical service and dimensional roofing. Each unit has its own furnace, with both furnaces replaced approximately 5 years ago.

The property includes two parking spaces and is located at 5047 N 31st St in Milwaukee, Wisconsin. Long-term tenants are in place, providing an existing income-producing occupancy profile for the next owner.

Key Highlights

  • Two‑unit duplex with 1,522 SF of total property size
  • Two‑bedroom layout in each unit
  • Both units remodeled approximately 10 years ago

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Gym & Fitness Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

496
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Income-producing residential property with two remodeled units, dedicated parking, and established tenancy.
Where is this duplex located?
The property is located at 5047 N 31st St Milwaukee, WI.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,522 SF of total property size; Two‑bedroom layout in each unit; Both units remodeled approximately 10 years ago
More about this property
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