Duplex with Separate
New
For Sale
$229,900
6630 N 55th Street #6630A, Milwaukee, WI 53223
Two-family zoning, off-street parking, and separate utilities serve this two-unit residential property.
Property Size1,800 SF
Price / SF$127.72
Days on Market7
Property Features for 6630 N 55th Street #6630A
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi Family Home
Zoning
Two Family
Site & Location
Neighborhood
Graceland
Units
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,800 SF
Year Built
1977
Buildings
1
Tenancy
Multi
Listing Agency:
Remax Lakeside-Central
(414) 327-7020
Listed By:
Hoffmann Team* · License #5480794
(414) 897-0098
Source:
Howardandwilliams
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 30 at 6:44AM
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 Remax Lakeside-Central
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.
This 1,800-square-foot duplex contains two units, each with a 3-bedroom, 3-bathroom layout. The property was built in 1977 and has received several recent updates. Both residences are described as clean and spacious, with a larger backyard and off-street parking. Utilities are separately metered.
Long-term tenants currently occupy both units at market rents. The property is zoned Two Family and offers a two-unit configuration with distinct utility service.
Long-term tenants currently occupy both units at market rents. The property is zoned Two Family and offers a two-unit configuration with distinct utility service.
Key Highlights
- Two units, each with 3 bedrooms and 3 bathrooms
- 1,800‑square‑foot duplex built in 1977
- Separate utilities for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,106
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,120
$362.1K
Cap Rate 7%
$258,657
$258.7K
Cap Rate 9%
$201,178
$201.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$27.0K $15.00/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$25.9K $14.37/SF
− OpEx
−$7.8K −$4.31/SF
NOI
$18.1K $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%
$362,120
Cap Rate 7%
$258,657
Cap Rate 9%
$201,178
Alternative Uses
Best Use
Multifamily LT 5
$258.7K
$226.3K – $301.8K
NOI $18,106 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$239.5K
$209.6K – $279.4K
NOI $16,765 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$432.6K
$378.5K – $504.7K
NOI $30,279 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 53223, WI
28,884
Population
13,436
Households
2.1
Avg Household Size
39
Median Age
29%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
2,918
Density / Sq Mi
$60,477
Median Household Income
$44,625
Median Earnings
$1,071
Median Rent
$184,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family zoning, off-street parking, and separate utilities serve this two-unit residential property.
Where is this duplex located?
The property is located at 6630 N 55th Street #6630A Milwaukee, WI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 3 bathrooms; 1,800‑square‑foot duplex built in 1977; Separate utilities for the units
