Duplex with Two-Car
New
For Sale
$299,900
6007 N 109th St, Milwaukee, WI 53225
Two townhouse-style units offer three bedrooms, one and a half baths, and garage parking.
Property Size2,896 SF
Lot Size0.25 Acres
Price / SF$103.56
Days on Market3
Property Features for 6007 N 109th St
General Information
Standard status
Active
Size
2,896 SF
Total Parking Spaces
2
Lot size
0.25 Acres
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1976
Listing Agency:
Smart Asset Realty Inc
Listed By:
Adam McCarthy · License #5831990
(414) 732-1123
Source:
Levelupwi
Added: Sep 6
Last Checked: Sep 7 at 1:21PM
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
Investment Insights
Based on property information with market context.
This 1976-built duplex contains approximately 2,896 square feet across two townhouse-style units. Each unit includes 3 bedrooms and 1.5 baths, creating a consistent two-unit layout suited to residential income ownership. The property also includes a 2-car garage and sits on a .25-acre lot.
Located at 6007 N 109th St, 6009 in Milwaukee, the property offers access to highways, shopping, schools, and employment centers. The existing tenancy includes long-term tenants, providing established occupancy within the duplex configuration.
Located at 6007 N 109th St, 6009 in Milwaukee, the property offers access to highways, shopping, schools, and employment centers. The existing tenancy includes long-term tenants, providing established occupancy within the duplex configuration.
Key Highlights
- Approximately 2,896 Sq Ft duplex
- Two units, each with 3bed/1.5 bath
- 2 car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,973
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$539,460
$539.5K
Cap Rate 7%
$385,329
$385.3K
Cap Rate 9%
$299,700
$299.7K
Market Conditions
NOI Build-Up for 2,896 SF
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.
Gross rent
$51.1K $17.64/SF
− Vacancy
−$2.0K −$0.71/SF
EGI
$49.0K $16.93/SF
− OpEx
−$22.1K −$7.62/SF
NOI
$27.0K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$539,460
Cap Rate 7%
$385,329
Cap Rate 9%
$299,700
Alternative Uses
Best Use
Multifamily LT 5
$416.2K
$364.1K – $485.5K
NOI $29,131 @ 7.0% cap · market cap 9.71%
Second Best
Apartment 5plus
$385.3K
$337.2K – $449.6K
NOI $26,973 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$695.9K
$608.9K – $811.9K
NOI $48,715 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 53225, WI
25,138
Population
11,019
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
91%
High-School Grad
7.0 sq mi
ZIP Area
3,591
Density / Sq Mi
$54,433
Median Household Income
$40,463
Median Earnings
$1,094
Median Rent
$174,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse-style units offer three bedrooms, one and a half baths, and garage parking.
Where is this duplex located?
The property is located at 6007 N 109th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Approximately 2,896 Sq Ft duplex; Two units, each with 3bed/1.5 bath; 2 car garage
