Updated Two-Unit
For Sale
$149,900
5368 N 39th St, Milwaukee, WI 53209
Two separately configured units include refreshed kitchens and bathrooms.
Property Size1,384 SF
Price / SF$108.31
Days on Market48
Property Features for 5368 N 39th St
General Information
Standard status
Active
Size
1,384 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Old North Milwaukee
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Joseph Scott Real Estate LLC
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 1 at 6:02AM
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 Joseph Scott Real Estate LLC
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Investment Insights
Based on property information with market context.
This two-unit residential property includes distinct lower and upper residences with a combined layout of three bedrooms and two bathrooms. The lower unit contains two bedrooms and one bathroom, while the upper unit provides one bedroom and one bathroom. Kitchen and bathroom renovations have been completed in both units, along with additional improvements throughout the building.
Located at 5368 N 39th St in Milwaukee, the duplex was built in 1925. Its two-unit configuration supports the owner-occupant or rental use described for the property.
Located at 5368 N 39th St in Milwaukee, the duplex was built in 1925. Its two-unit configuration supports the owner-occupant or rental use described for the property.
Key Highlights
- Lower unit offers 2 bedrooms and 1 bathroom
- Upper unit offers 1 bedroom and 1 bathroom
- Remodeled kitchens in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,337
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,740
$266.7K
Cap Rate 7%
$190,529
$190.5K
Cap Rate 9%
$148,189
$148.2K
Market Conditions
NOI Build-Up for 1,384 SF
Gross rent
$25.7K $18.60/SF
− Vacancy
−$1.5K −$1.08/SF
EGI
$24.2K $17.52/SF
− OpEx
−$10.9K −$7.88/SF
NOI
$13.3K $9.64/SF
Area
ZIP 53209
Vacancy
5.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,740
Cap Rate 7%
$190,529
Cap Rate 9%
$148,189
Alternative Uses
Best Use
Multifamily LT 5
$205.0K
$179.4K – $239.1K
NOI $14,348 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$190.5K
$166.7K – $222.3K
NOI $13,337 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$332.6K
$291.0K – $388.0K
NOI $23,281 @ 7.0% cap · market cap 15.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured units include refreshed kitchens and bathrooms.
Where is this duplex located?
The property is located at 5368 N 39th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Lower unit offers 2 bedrooms and 1 bathroom; Upper unit offers 1 bedroom and 1 bathroom; Remodeled kitchens in both units
