Two-Unit Duplex with Private
For Sale
$278,000
7951 N 94th St Unit 7953, Milwaukee, WI 53224
Each residence has a paved private driveway, while street parking is also available.
Property Size2,514 SF
Price / SF$110.58
Days on Market16
Property Features for 7951 N 94th St Unit 7953
General Information
Standard status
Active
Size
2,514 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Amenities
private basement
walk-in closets
private paved driveway
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Cherry Home Realty, LLC
Listed By:
Darkis Davis
(414) 895-8130
Source:
Jwregwi
Added: Sep 29
Changed: Oct 8
Last Checked: Oct 7 at 5:22PM
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 Cherry Home Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1981, this side-by-side duplex contains 2,514 square feet. Each residence has three bedrooms with walk-in closets, one and a half baths, and a private basement. Brick and aluminum siding provide the exterior finish.
Both units have private paved driveways, and street parking is available.
Both units have private paved driveways, and street parking is available.
Key Highlights
- 2,514‑square‑foot duplex built in 1981
- Two side‑by‑side residences, each with three bedrooms and walk‑in closets
- Each unit includes one and a half baths and a private basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,288
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,760
$505.8K
Cap Rate 7%
$361,257
$361.3K
Cap Rate 9%
$280,978
$281.0K
Market Conditions
NOI Build-Up for 2,514 SF
Gross rent
$37.7K $15.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$36.1K $14.37/SF
− OpEx
−$10.8K −$4.31/SF
NOI
$25.3K $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%
$505,760
Cap Rate 7%
$361,257
Cap Rate 9%
$280,978
Alternative Uses
Best Use
Multifamily LT 5
$361.3K
$316.1K – $421.5K
NOI $25,288 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$334.5K
$292.7K – $390.3K
NOI $23,415 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$604.1K
$528.6K – $704.8K
NOI $42,290 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 53224, WI
20,786
Population
8,530
Households
2.4
Avg Household Size
32
Median Age
27%
College-Educated
92%
High-School Grad
10.1 sq mi
ZIP Area
2,058
Density / Sq Mi
$69,727
Median Household Income
$44,745
Median Earnings
$1,160
Median Rent
$194,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a paved private driveway, while street parking is also available.
Where is this duplex located?
The property is located at 7951 N 94th St Unit 7953 Milwaukee, WI.
What is the asking price?
The asking price for this property is $278,000.
What are key features of this property?
This property features: 2,514‑square‑foot duplex built in 1981; Two side‑by‑side residences, each with three bedrooms and walk‑in closets; Each unit includes one and a half baths and a private basement
