Renovated Two-Unit
For Sale
$539,000
6800 Auburn Ave Unit 6802, Wauwatosa, WI 53213
Two three-bedroom residences feature updated kitchens, baths, mechanical systems, and exterior components.
Property Size2,600 SF
Price / SF$207.31
Days on Market62
Property Features for 6800 Auburn Ave Unit 6802
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Furnished
No
Building Details
Year Built
1922
Listing Agency:
Realty of America LLC
Listed By:
Paula Zamorano
(414) 530-7657
Source:
Jwregwi
Added: Aug 20
Changed: Oct 14
Last Checked: Oct 7 at 5:06PM
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 Realty of America LLC
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Investment Insights
Based on property information with market context.
This duplex at 6800 Auburn Ave contains two residential units within approximately 2,600 square feet. Each residence includes three bedrooms and one full bathroom, providing a consistent layout across both units. The property has undergone extensive renovation, including new kitchens and bathrooms, replacement windows, updated walls and insulation, a new roof and siding, new water heaters, and upgraded HVAC systems. The renovation work was completed with city permits.
Located in Wauwatosa, the property combines a two-unit configuration with substantial improvements already completed. The address supports either continued use as a duplex or occupancy of one unit while maintaining a second residential unit, as supported by the existing configuration.
Located in Wauwatosa, the property combines a two-unit configuration with substantial improvements already completed. The address supports either continued use as a duplex or occupancy of one unit while maintaining a second residential unit, as supported by the existing configuration.
Key Highlights
- Two‑unit duplex with 2,600 square feet
- Each unit includes 3 bedrooms and 1 full bathroom
- City‑permitted renovation completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,862
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,240
$557.2K
Cap Rate 7%
$398,029
$398.0K
Cap Rate 9%
$309,578
$309.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$42.1K $16.20/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$39.8K $15.31/SF
− OpEx
−$11.9K −$4.59/SF
NOI
$27.9K $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%
$557,240
Cap Rate 7%
$398,029
Cap Rate 9%
$309,578
Alternative Uses
Best Use
Multifamily LT 5
$398.0K
$348.3K – $464.4K
NOI $27,862 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$355.6K
$311.1K – $414.8K
NOI $24,890 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$616.6K
$539.5K – $719.3K
NOI $43,159 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
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Business Placement
Demographics for 53213, WI
26,469
Population
12,591
Households
2.1
Avg Household Size
37
Median Age
63%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
6,787
Density / Sq Mi
$94,144
Median Household Income
$59,472
Median Earnings
$1,228
Median Rent
$311,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature updated kitchens, baths, mechanical systems, and exterior components.
Where is this duplex located?
The property is located at 6800 Auburn Ave Unit 6802 Wauwatosa, WI.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,600 square feet; Each unit includes 3 bedrooms and 1 full bathroom; City‑permitted renovation completed
