Updated Duplex with Finished
For Sale
$225,000
5663 N 64th St, Milwaukee, WI 53218
Three-bedroom lower unit includes an eat-in kitchen and 1.5 baths.
Property Size2,130 SF
Price / SF$105.63
Days on Market77
Property Features for 5663 N 64th St
General Information
Standard status
Active
Size
2,130 SF
Property subtype
Multi-Family
Building Details
Year Built
1967
Tenancy
Multi
Listing Agency:
Keller Williams Milwaukee North Shore
Listed By:
John Molitor · License #73728
(414) 962-3605
Source:
Nikolicgroup
Added: Jul 30
Changed: Oct 10
Last Checked: Oct 7 at 2:25PM
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 Keller Williams Milwaukee North Shore
Investment Insights
Based on property information with market context.
This duplex, built in 1967, offers distinct residential units with practical features for occupants. The 3BR lower unit includes updates, a spacious eat-in kitchen, and 1.5 baths. The upper unit includes a balcony, while the finished basement provides additional flex space. Long-term tenants are in place, and off-street parking is available.
The property is located at 5663 N 64th St in Milwaukee’s Silver Spring neighborhood, near Havenwoods State Forest. The surrounding area includes green spaces and walking trails throughout Havenwoods, providing nearby outdoor amenities for residents.
The property is located at 5663 N 64th St in Milwaukee’s Silver Spring neighborhood, near Havenwoods State Forest. The surrounding area includes green spaces and walking trails throughout Havenwoods, providing nearby outdoor amenities for residents.
Key Highlights
- 3BR lower unit with updates, spacious eat‑in kitchen, and 1.5 baths
- Upper unit includes a balcony
- Finished basement provides additional flex space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,261
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,220
$405.2K
Cap Rate 7%
$289,443
$289.4K
Cap Rate 9%
$225,122
$225.1K
Market Conditions
NOI Build-Up for 2,130 SF
Gross rent
$39.1K $18.36/SF
− Vacancy
−$2.3K −$1.06/SF
EGI
$36.8K $17.30/SF
− OpEx
−$16.6K −$7.78/SF
NOI
$20.3K $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%
$405,220
Cap Rate 7%
$289,443
Cap Rate 9%
$225,122
Alternative Uses
Best Use
Multifamily LT 5
$322.6K
$282.3K – $376.4K
NOI $22,584 @ 7.0% cap · market cap 10.04%
Second Best
Apartment 5plus
$289.4K
$253.3K – $337.7K
NOI $20,261 @ 7.0% cap · market cap 9.00%
Theoretical Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $113,018 @ 7.0% cap · market cap 50.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
350
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
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom lower unit includes an eat-in kitchen and 1.5 baths.
Where is this duplex located?
The property is located at 5663 N 64th 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: 3BR lower unit with updates, spacious eat‑in kitchen, and 1.5 baths; Upper unit includes a balcony; Finished basement provides additional flex space
