Updated Duplex with
For Sale
$324,900
6420 W Moltke Ave, Milwaukee, WI 53210
Two-unit property with an existing long-term tenant and separate three-bedroom and two-bedroom residences.
Property Size1,025 SF
Price / SF$316.98
Days on Market17
Property Features for 6420 W Moltke Ave
General Information
Standard status
Active
Size
1,025 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,363
Amenities
garage
Listing Agency:
Above and Beyond Real Estate Partners
(414) 940-9869
Listed By:
Kaiyla Farrington
(414) 940-9869
Source:
Exprealty
Added: Aug 6
Changed: Aug 20
Last Checked: Aug 21 at 11:01AM
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 Above and Beyond Real Estate Partners
Investment Insights
Based on property information with market context.
This updated duplex includes two distinct residences: a three-bedroom lower unit and a two-bedroom upper unit. A long-term tenant is already in place, and the property includes a 2.5-car garage. The unit configuration provides flexibility for an owner-occupant or an investor seeking a residential income property.
The property is located in Milwaukee’s Enderis Park neighborhood, with parks, shopping, and dining nearby. Its combination of refreshed interiors, two-unit design, garage parking, and established tenancy creates a practical setup for continued residential use.
The property is located in Milwaukee’s Enderis Park neighborhood, with parks, shopping, and dining nearby. Its combination of refreshed interiors, two-unit design, garage parking, and established tenancy creates a practical setup for continued residential use.
Key Highlights
- Three‑bedroom lower unit paired with a two‑bedroom upper unit
- Long‑term tenant already in place
- Updated throughout
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
$10,310
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
3.17%
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%
$206,200
$206.2K
Cap Rate 7%
$147,286
$147.3K
Cap Rate 9%
$114,556
$114.6K
Market Conditions
NOI Build-Up for 1,025 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
$15.4K $15.00/SF
− Vacancy
−$646 −$0.63/SF
EGI
$14.7K $14.37/SF
− OpEx
−$4.4K −$4.31/SF
NOI
$10.3K $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 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%
$206,200
Cap Rate 7%
$147,286
Cap Rate 9%
$114,556
Alternative Uses
Best Use
Multifamily LT 5
$147.3K
$128.9K – $171.8K
NOI $10,310 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$136.4K
$119.3K – $159.1K
NOI $9,547 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$246.3K
$215.5K – $287.4K
NOI $17,242 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
495
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
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-unit property with an existing long-term tenant and separate three-bedroom and two-bedroom residences.
Where is this duplex located?
The property is located at 6420 W Moltke Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Three‑bedroom lower unit paired with a two‑bedroom upper unit; Long‑term tenant already in place; Updated throughout
