Two-Unit Duplex with Detached
New
For Sale
$239,000
6315 W Lisbon Ave, Milwaukee, WI 53210
Two separate apartments offer a five-bedroom layout, with a detached garage and driveway parking.
Property Size1,872 SF
Price / SF$127.67
Days on Market2
Property Features for 6315 W Lisbon Ave
General Information
Standard status
Active
Size
1,872 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Lenox Heights
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1928
Listing Agency:
Forward Realty Partners
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Oct 23
Last Checked: Oct 23 at 5:40AM
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 Forward Realty Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1928, this 1,872-square-foot duplex contains two apartments arranged on separate floors. The lower unit has three bedrooms and one bathroom; the upper unit offers two bedrooms and one bathroom. A driveway leads to a detached garage with capacity for two cars, providing off-street parking. The current upper-level tenant would like to remain.
The property is in Milwaukee’s Enderis Park area, near shopping, parks, and transportation. Its two-unit configuration combines distinct living spaces with on-site parking and a detached garage.
The property is in Milwaukee’s Enderis Park area, near shopping, parks, and transportation. Its two-unit configuration combines distinct living spaces with on-site parking and a detached garage.
Key Highlights
- 1,872‑square‑foot duplex built in 1928
- Lower apartment has 3 bedrooms and 1 bathroom
- Upper apartment has 2 bedrooms and 1 bathroom; current tenant would like to stay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,830
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,600
$376.6K
Cap Rate 7%
$269,000
$269.0K
Cap Rate 9%
$209,222
$209.2K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$28.1K $15.00/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$26.9K $14.37/SF
− OpEx
−$8.1K −$4.31/SF
NOI
$18.8K $10.06/SF
Area
Milwaukee, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,600
Cap Rate 7%
$269,000
Cap Rate 9%
$209,222
Alternative Uses
Best Use
Multifamily LT 5
$269.0K
$235.4K – $313.8K
NOI $18,830 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$249.1K
$218.0K – $290.6K
NOI $17,436 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$449.9K
$393.6K – $524.8K
NOI $31,490 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Explore this area
Business Placement
Demographics for 53210, WI
25,588
Population
11,005
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
9,842
Density / Sq Mi
$45,268
Median Household Income
$35,797
Median Earnings
$1,044
Median Rent
$153,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer a five-bedroom layout, with a detached garage and driveway parking.
Where is this duplex located?
The property is located at 6315 W Lisbon Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,872‑square‑foot duplex built in 1928; Lower apartment has 3 bedrooms and 1 bathroom; Upper apartment has 2 bedrooms and 1 bathroom; current tenant would like to stay
