Two-Unit Residential Income
600 West Garfield Avenue Unit 602 Milwaukee, WI 53212
New
600 West Garfield Avenue Unit 602, Milwaukee, WI, 53212
$525,000
For Sale
$525,000
Duplex with a 2 bed/2 bath lower unit and a 4 bed/2 bath upper unit, both updated with modern finishes.
Property Size3,082 SF
Price / SF$170.34
Days on Market6
Property Features for 600 West Garfield Avenue Unit 602
General Information
- Standard status
- Active
- Size
- 3,082 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1906
Listing agency
LPT Realty
(262) 297-6838
Listed by
Jennifer Landro Real Estate Team* · License #59089-94
(262) 297-6838
Source
Compass
Added: Jul 17 Updated: Jul 21 at 9:04AM Checked: Jul 22 at 10:31AM
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 LPT Realty
Investment Insights
Based on property information with market context.
This duplex includes two separate residential units. The lower unit offers 2 bedrooms and 2 bathrooms, including a steam shower and a private en-suite. The upper unit is spread across two levels with 4 bedrooms and 2 bathrooms, with spacious living areas and a spiral staircase leading to a private master suite with a lounge. Both units are described as updated with stainless appliances, modern finishes, and functional layouts.
The property is located near Brewers Hill, with access to downtown, restaurants, and Milwaukee’s lakefront described in the offering. A basement is also included and is already plumbed, offering additional space that may support future expansion.
Overall, the configuration supports flexible residential income use, with a basement that is positioned for potential added development through existing plumbing.
The property is located near Brewers Hill, with access to downtown, restaurants, and Milwaukee’s lakefront described in the offering. A basement is also included and is already plumbed, offering additional space that may support future expansion.
Overall, the configuration supports flexible residential income use, with a basement that is positioned for potential added development through existing plumbing.
Key Highlights
- Duplex built in 1906 with 2BD/2BA lower unit and 4BD/2BA upper unit (6BD/4BA total).
- Lower unit includes a steam shower and a private en‑suite.
- Upper unit spans two levels with spacious living areas and a spiral staircase to a private master suite with lounge.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.2k | $15.00 |
| − Vacancy | −$1.9k | −$0.63 |
| EGI | $44.3k | $14.37 |
| − OpEx | −$13.3k | −$4.31 |
| NOI | $31.0k | $10.06 |
3,082 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$442.9K
$387.5K – $516.7K
NOI $31,002 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$410.1K
$358.8K – $478.4K
NOI $28,706 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$740.6K
$648.1K – $864.1K
NOI $51,844 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with a 2 bed/2 bath lower unit and a 4 bed/2 bath upper unit, both updated with modern finishes.
Where is this duplex located?
The property is located at 600 West Garfield Avenue Unit 602 Milwaukee, WI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex built in 1906 with 2BD/2BA lower unit and 4BD/2BA upper unit (6BD/4BA total).; Lower unit includes a steam shower and a private en‑suite.; Upper unit spans two levels with spacious living areas and a spiral staircase to a private master suite with lounge.
