Well-Maintained 2-Bed
For Sale
$279,000
7930 West Congress Street, Milwaukee, WI 53218
Clean, updated 2-bedroom, 1-bath duplex with newer windows, flooring, and finishes, plus a deep 2-car garage.
Property Size2,400 SF
Price / SF$116.25
Days on Market152
Property Features for 7930 West Congress Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,863
Amenities
Forced Air
Natural Gas
2
Full,Sump Pump,Partial Fin. Non-contig
Block
2 Story,2 Up and Down
Brick,Vinyl Siding
Level Lot
Building Details
Year Built
1957
Buildings
1
Construction
half brick, half vinyl
Listing Agency:
Creative Results Corporation
(920) 450-9256
Listed By:
Koua Thao · License #94-86538
(920) 450-9256
Source:
Compass
Added: Mar 25
Changed: Aug 8
Last Checked: Jul 21 at 10:38PM
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 Creative Results Corporation
Investment Insights
Based on property information with market context.
This 2-bedroom, 1-bath duplex has been kept very clean and well maintained. The exterior features a half brick, half vinyl exterior with newer vinyl siding on both the house and the garage. Recent interior updates include fresh paint, new flooring, updated wood finishes on cabinets and trims, new kitchen sinks, and newer windows.
The property includes spacious room sizes throughout and is described as move-in ready. For parking and storage, there is an extra-deep 2-car garage along with a 2+ car parking slab for additional vehicle space.
Overall, the home presents a turnkey configuration with multiple recent improvements and practical off-street parking.
The property includes spacious room sizes throughout and is described as move-in ready. For parking and storage, there is an extra-deep 2-car garage along with a 2+ car parking slab for additional vehicle space.
Overall, the home presents a turnkey configuration with multiple recent improvements and practical off-street parking.
Key Highlights
- Clean, well‑maintained 2‑bedroom, 1‑bath duplex
- Recent updates include fresh paint, new flooring, updated cabinet and trim wood finishes, and new kitchen sinks
- Newer windows for improved efficiency and natural light
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
$25,447
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
9.12%
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%
$508,940
$508.9K
Cap Rate 7%
$363,529
$363.5K
Cap Rate 9%
$282,744
$282.7K
Market Conditions
NOI Build-Up for 2,400 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
$38.9K $16.20/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$36.4K $15.15/SF
− OpEx
−$10.9K −$4.54/SF
NOI
$25.4K $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 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%
$508,940
Cap Rate 7%
$363,529
Cap Rate 9%
$282,744
Alternative Uses
Best Use
Multifamily LT 5
$363.5K
$318.1K – $424.1K
NOI $25,447 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$326.1K
$285.4K – $380.5K
NOI $22,830 @ 7.0% cap · market cap 8.18%
Theoretical Best
Warehouse
$1.82M
$1.59M – $2.12M
NOI $127,344 @ 7.0% cap · market cap 45.64%
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
720
Businesses Nearby
Explore this area
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
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 - Clean, updated 2-bedroom, 1-bath duplex with newer windows, flooring, and finishes, plus a deep 2-car garage.
Where is this duplex located?
The property is located at 7930 West Congress Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Clean, well‑maintained 2‑bedroom, 1‑bath duplex; Recent updates include fresh paint, new flooring, updated cabinet and trim wood finishes, and new kitchen sinks; Newer windows for improved efficiency and natural light
