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Duplex with Updated Systems
For Sale
$150,000

5047 N 31st St Unit 5049, Milwaukee, WI 53209

Income-producing duplex with remodeled interiors, established tenants, and dedicated parking.

Property Size1,522 SF
Days on Market69

Property Features for 5047 N 31st St Unit 5049

General Information

Standard status Active
Size 1,522 SF
Total Parking Spaces 2
Property subtype Duplex

Taxes and HOA fees

Annual Taxes $1,764

Building Details

Building Size 1,522 SF
Year Built 1929
Tenancy Multi
Listing Agency: Shorewest Realtors - South Metro
Listed By: Justin W Ippoliti · License #76115-94
Source: Sewartgroup
Added: Jun 15 Changed: Aug 14 Last Checked: Aug 22 at 11:25AM

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 duplex contains two residential units, each configured with two bedrooms. Both apartments were remodeled approximately 10 years ago, and the property has updated electrical service. Each unit is supported by a newer furnace installed approximately 5 years ago, while the dimensional roof adds a durable building improvement.

The property is occupied by long-term tenants and includes 2 parking spaces. Its two-unit configuration provides an established residential income property for an owner seeking a leased duplex with several recent system and interior updates.

Key Highlights

  • Two‑unit duplex with 2 bedrooms per unit
  • Both units remodeled approximately 10 years ago
  • Newer furnaces for both units, approximately 5 years old

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

Multi-tenant
Tenancy

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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Income-producing duplex with remodeled interiors, established tenants, and dedicated parking.
Where is this duplex located?
The property is located at 5047 N 31st St Unit 5049 Milwaukee, WI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms per unit; Both units remodeled approximately 10 years ago; Newer furnaces for both units, approximately 5 years old
More about this property
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