Renovated Duplex with New
5547a-5547 N 37th St, Milwaukee, WI 53208
For Sale
$225,000
Updated finishes and included new appliances are among the improvements to this two-unit property.
Property Size1,714 SF
Price / SF$131.27
Days on Market13
Property Features for 5547a-5547 N 37th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Realty Executives Integrity Brookfield
(262) 783-7080
Listed By:
Sherri Bond · License WI #11320494
(414) 739-4264
Source:
Exprealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 12 at 11:51AM
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 Realty Executives Integrity Brookfield
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 5547a-5547 N 37th St in Milwaukee, this renovated duplex contains 1,714 square feet. Recent work includes updated finishes, and new appliances are included with the property.
Key Highlights
- Duplex with 1,714 square feet
- Renovated with updated finishes
- New appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,241
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,820
$344.8K
Cap Rate 7%
$246,300
$246.3K
Cap Rate 9%
$191,567
$191.6K
Market Conditions
NOI Build-Up for 1,714 SF
Gross rent
$25.7K $15.00/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$24.6K $14.37/SF
− OpEx
−$7.4K −$4.31/SF
NOI
$17.2K $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%
$344,820
Cap Rate 7%
$246,300
Cap Rate 9%
$191,567
Alternative Uses
Best Use
Multifamily LT 5
$246.3K
$215.5K – $287.4K
NOI $17,241 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$228.1K
$199.6K – $266.1K
NOI $15,964 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$411.9K
$360.4K – $480.5K
NOI $28,832 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
411
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
$196,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Updated finishes and included new appliances are among the improvements to this two-unit property.
Where is this duplex located?
The property is located at 5547a-5547 N 37th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Duplex with 1,714 square feet; Renovated with updated finishes; New appliances included
