Two-Unit Duplex with
For Sale
$220,000
8113 W Beckett Ave, Milwaukee, WI 53218
Two occupied three-bedroom units provide an established residential rental configuration with rear parking and basement space.
Property Size998 SF
Price / SF$220.44
Days on Market53
Property Features for 8113 W Beckett Ave
General Information
Standard status
Active
Size
998 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Gross Income
$24,600
Taxes and HOA fees
Annual Taxes
$2,996
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Premier Point Realty LLC
(414) 699-0910
Listed By:
Melina Cortes · License #43889
(414) 699-0910
Source:
Exprealty
Added: Jul 10
Changed: Aug 23
Last Checked: Aug 30 at 7:40PM
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 Premier Point Realty LLC
Investment Insights
Based on property information with market context.
Located at 8113 W Beckett Ave in Milwaukee, this duplex contains two three-bedroom residential units. Both units are occupied by long-term tenants, providing an established rental setup for an owner or portfolio buyer.
The property includes a basement, rear parking slabs, and mechanical systems with furnaces installed in 2014 and 2019. These features support the building’s existing residential use while providing practical storage and parking components.
The property includes a basement, rear parking slabs, and mechanical systems with furnaces installed in 2014 and 2019. These features support the building’s existing residential use while providing practical storage and parking components.
Key Highlights
- Two three‑bedroom units within a single duplex property
- Both units occupied by long‑term tenants
- Basement included
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
$10,582
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
4.81%
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%
$211,640
$211.6K
Cap Rate 7%
$151,171
$151.2K
Cap Rate 9%
$117,578
$117.6K
Market Conditions
NOI Build-Up for 998 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
$16.2K $16.20/SF
− Vacancy
−$1.1K −$1.05/SF
EGI
$15.1K $15.15/SF
− OpEx
−$4.5K −$4.54/SF
NOI
$10.6K $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 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%
$211,640
Cap Rate 7%
$151,171
Cap Rate 9%
$117,578
Alternative Uses
Best Use
Multifamily LT 5
$151.2K
$132.3K – $176.4K
NOI $10,582 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$135.6K
$118.7K – $158.2K
NOI $9,493 @ 7.0% cap · market cap 4.32%
Theoretical Best
Warehouse
$756.5K
$661.9K – $882.6K
NOI $52,954 @ 7.0% cap · market cap 24.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
533
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 - Two occupied three-bedroom units provide an established residential rental configuration with rear parking and basement space.
Where is this duplex located?
The property is located at 8113 W Beckett 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 three‑bedroom units within a single duplex property; Both units occupied by long‑term tenants; Basement included
