Updated Duplex with
For Sale
$275,000
5526 W Wells St, Milwaukee, WI 53208
Two-unit property with separate kitchens, updated systems, and a bright sunroom.
Property Size1,744 SF
Price / SF$157.68
Days on Market75
Property Features for 5526 W Wells St
General Information
Standard status
Active
Size
1,744 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x studio, 1 x 2BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1926
Buildings
1
Listing Agency:
Vylla Home
Listed By:
James Harris Jr · License #5634090
(262) 309-7803
Source:
Jwregwi
Added: Aug 3
Changed: Oct 3
Last Checked: Oct 15 at 3:04AM
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 Vylla Home
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Investment Insights
Based on property information with market context.
Built in 1926, this 1,744-square-foot duplex offers a studio upper unit and a two-bedroom lower unit. The upper residence includes herringbone LVP flooring, a distinct kitchen, full-size appliances, and a dishwasher. The lower unit features hardwood flooring, new stainless steel appliances, and a sunroom that can accommodate home-office use.
Recent improvements include Dutch lap siding, a roof replacement, a high-efficiency furnace, a new air-conditioning unit, and upgraded electrical service. The property is located at 5526 W Wells St in Milwaukee, within walking distance of American Family Field, approximately 10 minutes from Downtown Milwaukee, and near Tosa Village with freeway access.
Recent improvements include Dutch lap siding, a roof replacement, a high-efficiency furnace, a new air-conditioning unit, and upgraded electrical service. The property is located at 5526 W Wells St in Milwaukee, within walking distance of American Family Field, approximately 10 minutes from Downtown Milwaukee, and near Tosa Village with freeway access.
Key Highlights
- 1,744‑square‑foot duplex built in 1926
- Upper studio and lower two‑bedroom unit
- Separate upper‑unit kitchen with full‑size appliances and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,543
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,860
$350.9K
Cap Rate 7%
$250,614
$250.6K
Cap Rate 9%
$194,922
$194.9K
Market Conditions
NOI Build-Up for 1,744 SF
Gross rent
$26.2K $15.00/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$25.1K $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%
$350,860
Cap Rate 7%
$250,614
Cap Rate 9%
$194,922
Alternative Uses
Best Use
Multifamily LT 5
$250.6K
$219.3K – $292.4K
NOI $17,543 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$232.0K
$203.0K – $270.7K
NOI $16,243 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$419.1K
$366.7K – $489.0K
NOI $29,337 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 53208, WI
29,644
Population
13,778
Households
2.2
Avg Household Size
33
Median Age
31%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
7,058
Density / Sq Mi
$50,585
Median Household Income
$40,729
Median Earnings
$924
Median Rent
$196,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate kitchens, updated systems, and a bright sunroom.
Where is this duplex located?
The property is located at 5526 W Wells St Milwaukee, WI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,744‑square‑foot duplex built in 1926; Upper studio and lower two‑bedroom unit; Separate upper‑unit kitchen with full‑size appliances and dishwasher
