2-Unit Brick
New
For Sale
$299,900
6116 W Orchard St, West Allis, WI 53214
Separate kitchens and an upper-level balcony distinguish the two residences.
Property Size1,734 SF
Price / SF$172.95
Days on Market6
Property Features for 6116 W Orchard St
General Information
Standard status
Active
Size
1,734 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,424
Amenities
private balcony
fully fenced yard
basement storage
Building Details
Buildings
1
Construction
brick
Listing Agency:
Shorewest Realtors - South Metro
(414) 423-1500
Listed By:
Mari Catencamp
(414) 553-0958
Source:
Exprealty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 2:13PM
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 Shorewest Realtors - South Metro
Investment Insights
Based on property information with market context.
This 1,734-square-foot brick duplex contains two residences. The first-floor unit has hardwood floors, a living room, a formal dining room with built-ins, a kitchen with pantry, two bedrooms and a full bathroom. The upper unit includes a kitchen, living room, two bedrooms, a full bathroom and a private balcony. A basement provides storage and a half bathroom; the property also has two boilers that are one year old.
The exterior includes a fully fenced yard and a two-car garage accessed from the alley. A park sits across the street at 6116 W Orchard St in West Allis.
The exterior includes a fully fenced yard and a two-car garage accessed from the alley. A park sits across the street at 6116 W Orchard St in West Allis.
Key Highlights
- Two‑unit brick duplex totaling 1,734 square feet
- Both residences have two bedrooms and a full bathroom
- Upper unit includes a private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,582
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,640
$371.6K
Cap Rate 7%
$265,457
$265.5K
Cap Rate 9%
$206,467
$206.5K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$28.1K $16.20/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$26.5K $15.31/SF
− OpEx
−$8.0K −$4.59/SF
NOI
$18.6K $10.72/SF
Area
Milwaukee County, WI
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,640
Cap Rate 7%
$265,457
Cap Rate 9%
$206,467
Alternative Uses
Best Use
Multifamily LT 5
$265.5K
$232.3K – $309.7K
NOI $18,582 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$237.1K
$207.5K – $276.7K
NOI $16,599 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$411.2K
$359.8K – $479.7K
NOI $28,784 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 53214, WI
34,297
Population
17,530
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
4,831
Density / Sq Mi
$62,712
Median Household Income
$46,304
Median Earnings
$999
Median Rent
$178,600
Median Home Value
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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 - Separate kitchens and an upper-level balcony distinguish the two residences.
Where is this duplex located?
The property is located at 6116 W Orchard St West Allis, 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: Two‑unit brick duplex totaling 1,734 square feet; Both residences have two bedrooms and a full bathroom; Upper unit includes a private balcony
