Two-Unit
6828 W Dickinson St, Milwaukee, WI 53214
For Sale
$289,900
The lower residence has three bedrooms and is vacant, with a separate furnace serving each unit.
Property Size1,651 SF
Price / SF$175.59
Days on Market19
Property Features for 6828 W Dickinson St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
REMAX Lakeside-West
(262) 784-9220
Listed By:
Roger Mater · License WI #18954
(414) 254-4949
Source:
Exprealty
Added: Oct 27
Changed: Nov 12
Last Checked: Nov 12 at 2:14PM
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-West
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Investment Insights
Based on property information with market context.
This duplex contains 1,651 square feet and includes a three-bedroom lower residence. The lower unit is vacant, and the property has two gas forced-air furnaces, one central air-conditioning system serving the lower unit, and two 40-gallon water heaters. Electrical service is 100 amps for each unit.
The property is across the street from the Hank Aaron State Trail. The vacant lower unit is available to show.
The property is across the street from the Hank Aaron State Trail. The vacant lower unit is available to show.
Key Highlights
- 1,651‑square‑foot duplex
- Three‑bedroom lower unit is vacant and available to show
- Two gas forced‑air furnaces and two 40‑gallon water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,607
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,140
$332.1K
Cap Rate 7%
$237,243
$237.2K
Cap Rate 9%
$184,522
$184.5K
Market Conditions
NOI Build-Up for 1,651 SF
Gross rent
$24.8K $15.00/SF
− Vacancy
−$1.0K −$0.63/SF
EGI
$23.7K $14.37/SF
− OpEx
−$7.1K −$4.31/SF
NOI
$16.6K $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%
$332,140
Cap Rate 7%
$237,243
Cap Rate 9%
$184,522
Alternative Uses
Best Use
Multifamily LT 5
$237.2K
$207.6K – $276.8K
NOI $16,607 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$219.7K
$192.2K – $256.3K
NOI $15,377 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$396.7K
$347.2K – $462.9K
NOI $27,772 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
808
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
$178,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The lower residence has three bedrooms and is vacant, with a separate furnace serving each unit.
Where is this duplex located?
The property is located at 6828 W Dickinson St Milwaukee, WI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,651‑square‑foot duplex; Three‑bedroom lower unit is vacant and available to show; Two gas forced‑air furnaces and two 40‑gallon water heaters
