Two-Unit Duplex
For Sale
$164,900
5641 N 61st St Unit 5643, Milwaukee, WI 53218
Built in 1954, the property contains a consistent two-unit residential layout.
Property Size1,536 SF
Days on Market219
Property Features for 5641 N 61st St Unit 5643
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,752
Building Details
Building Size
1,536 SF
Year Built
1954
Listing Agency:
Smart Asset Realty Inc
Listed By:
Geoffry S Stuhr · License #86474-94
(414) 364-2254
Source:
Sewartgroup
Added: Mar 13
Changed: Oct 4
Last Checked: Oct 16 at 4:02PM
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 Smart Asset Realty Inc
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Investment Insights
Based on property information with market context.
Located at 5641 N 61st St in Milwaukee, Wisconsin, this duplex was constructed in 1954. The property includes two residential units, each arranged with two bedrooms and one bathroom.
The matching unit layouts provide a straightforward configuration for a residential income property or owner-occupant arrangement. The listed address identifies the property as 5641 N 61st St Unit 5643, Milwaukee, WI 53218.
The matching unit layouts provide a straightforward configuration for a residential income property or owner-occupant arrangement. The listed address identifies the property as 5641 N 61st St Unit 5643, Milwaukee, WI 53218.
Key Highlights
- Two residential units
- Each unit has 2 bedrooms and 1 bathroom
- Built in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,611
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,220
$292.2K
Cap Rate 7%
$208,729
$208.7K
Cap Rate 9%
$162,344
$162.3K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$28.2K $18.36/SF
− Vacancy
−$1.6K −$1.06/SF
EGI
$26.6K $17.30/SF
− OpEx
−$12.0K −$7.78/SF
NOI
$14.6K $9.51/SF
Area
ZIP 53218
Vacancy
5.80%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,220
Cap Rate 7%
$208,729
Cap Rate 9%
$162,344
Alternative Uses
Best Use
Multifamily LT 5
$232.7K
$203.6K – $271.4K
NOI $16,286 @ 7.0% cap · market cap 9.88%
Second Best
Apartment 5plus
$208.7K
$182.6K – $243.5K
NOI $14,611 @ 7.0% cap · market cap 8.86%
Theoretical Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,500 @ 7.0% cap · market cap 49.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 53218, WI
38,488
Population
15,971
Households
2.4
Avg Household Size
31
Median Age
10%
College-Educated
83%
High-School Grad
5.9 sq mi
ZIP Area
6,523
Density / Sq Mi
$42,207
Median Household Income
$33,622
Median Earnings
$1,034
Median Rent
$122,200
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 - Built in 1954, the property contains a consistent two-unit residential layout.
Where is this duplex located?
The property is located at 5641 N 61st St Unit 5643 Milwaukee, WI.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Two residential units; Each unit has 2 bedrooms and 1 bathroom; Built in 1954
