Duplex with Finished Recreation
8018-8016 W Villard Ave, Milwaukee, WI 53218
For Sale
$239,900
Pending
Both residences have central air, with appliances included and a fenced outdoor area shared by the property.
Property Size2,056 SF
Days on Market12
Property Features for 8018-8016 W Villard Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
natural woodwork
updated baths
appliances included
central air
patio area
fenced yard
Listing Agency:
Sandy Ertel Real Estate LLC
Listed By:
Sandy Ertel · License WI 18634-90
(414) 881-5111
Source:
Exprealty
Added: Nov 3
Changed: Nov 12
Last Checked: Nov 12 at 2:25PM
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 Sandy Ertel Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,056 square feet. Hardwood floors and natural woodwork are found in both residences, and the home includes updated bathrooms and appliances. The lower unit also features a finished recreation room, adding usable space within the building.
Central air serves both units. Outside, the property has a patio in a fenced yard and rear parking for as many as five vehicles.
Central air serves both units. Outside, the property has a patio in a fenced yard and rear parking for as many as five vehicles.
Key Highlights
- Two‑unit duplex totaling 2,056 square feet
- Hardwood floors and natural woodwork in both units
- Finished recreation room in the lower unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,800
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,000
$436.0K
Cap Rate 7%
$311,429
$311.4K
Cap Rate 9%
$242,222
$242.2K
Market Conditions
NOI Build-Up for 2,056 SF
Gross rent
$33.3K $16.20/SF
− Vacancy
−$2.2K −$1.05/SF
EGI
$31.1K $15.15/SF
− OpEx
−$9.3K −$4.54/SF
NOI
$21.8K $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%
$436,000
Cap Rate 7%
$311,429
Cap Rate 9%
$242,222
Alternative Uses
Best Use
Multifamily LT 5
$311.4K
$272.5K – $363.3K
NOI $21,800 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$279.4K
$244.5K – $326.0K
NOI $19,557 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$556.2K
$486.7K – $648.9K
NOI $38,932 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
478
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
$122,200
Median Home Value
Market
Average Price Trend$/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 - Both residences have central air, with appliances included and a fenced outdoor area shared by the property.
Where is this duplex located?
The property is located at 8018-8016 W Villard Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,056 square feet; Hardwood floors and natural woodwork in both units; Finished recreation room in the lower unit
