Updated Two-Unit
For Sale
$220,000
6916 W Villard Ave, Milwaukee, WI 53218
Two-unit residential property with refreshed flooring, a newer roof, and separate mechanical features by unit.
Property Size1,656 SF
Price / SF$132.85
Days on Market47
Property Features for 6916 W Villard Ave
General Information
Standard status
Active
Size
1,656 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Hampton Heights
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1955
Listing Agency:
Keller Williams Realty-Lake Country
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Sep 7
Changed: Oct 19
Last Checked: Oct 23 at 7:24AM
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 Keller Williams Realty-Lake Country
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Investment Insights
Based on property information with market context.
Built in 1955, this 1,656-square-foot duplex contains two residential units, each with three bedrooms and one full bathroom. Hardwood floors extend through both units, while the kitchens and bathrooms have newer flooring. Property improvements include a newer roof and a new furnace serving the lower unit.
The upper unit has central air conditioning, while the lower unit does not have air conditioning. The property is positioned in a residential neighborhood near public transportation, shopping, and everyday amenities. The Milwaukee address places the duplex within an established residential setting suitable for continued two-unit use.
The upper unit has central air conditioning, while the lower unit does not have air conditioning. The property is positioned in a residential neighborhood near public transportation, shopping, and everyday amenities. The Milwaukee address places the duplex within an established residential setting suitable for continued two-unit use.
Key Highlights
- Two‑unit duplex with 1,656 square feet
- Each unit includes 3 bedrooms and 1 full bathroom
- Hardwood floors in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,558
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,160
$351.2K
Cap Rate 7%
$250,829
$250.8K
Cap Rate 9%
$195,089
$195.1K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$26.8K $16.20/SF
− Vacancy
−$1.7K −$1.05/SF
EGI
$25.1K $15.15/SF
− OpEx
−$7.5K −$4.54/SF
NOI
$17.6K $10.60/SF
Area
ZIP 53218
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,160
Cap Rate 7%
$250,829
Cap Rate 9%
$195,089
Alternative Uses
Best Use
Multifamily LT 5
$250.8K
$219.5K – $292.6K
NOI $17,558 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$225.0K
$196.9K – $262.5K
NOI $15,752 @ 7.0% cap · market cap 7.16%
Theoretical Best
Warehouse
$1.26M
$1.10M – $1.46M
NOI $87,868 @ 7.0% cap · market cap 39.94%
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
510
Businesses Nearby
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Business Placement
Demographics for 53218, WI
38,488
Population
15,971
Households
2.4
Avg Household Size
31
Median Age
10%
College-Educated
83%
High-School Grad
5.9 sq mi
ZIP Area
6,523
Density / Sq Mi
$42,207
Median Household Income
$33,622
Median Earnings
$1,034
Median Rent
$122,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with refreshed flooring, a newer roof, and separate mechanical features by unit.
Where is this duplex located?
The property is located at 6916 W Villard Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,656 square feet; Each unit includes 3 bedrooms and 1 full bathroom; Hardwood floors in both units
