Updated Duplex With
8718 W Hampton Ave, Milwaukee, WI 53225
For Sale
$239,000
Fully leased two-unit property with permitted improvements, refreshed systems, and a two-car garage.
Property Size1,996 SF
Price / SF$119.74
Days on Market61
Property Features for 8718 W Hampton Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
central air
Building Details
Year Built
Year Renovated
Buildings
Listing Agency:
Mindful Home Realty
Listed By:
Julieta Fife · License WI #5911890
(414) 350-2800
Source:
Levelupwi
Added: Sep 15
Changed: Nov 12
Last Checked: Oct 7 at 5:43PM
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 Mindful Home Realty
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 duplex contains two 3/3 units within a 1,996-square-foot building constructed in 1961. The property includes a two-car garage and is fully rented, with rental history provided. Improvements completed in 2026 include plumbing work, water heater replacements, bathroom updates, fencing, and select window replacements, all completed with City of Milwaukee permits.
Electrical service and furnaces were updated in 2018, while central air was added to the lower unit in 2020. The combination of established occupancy, recent capital improvements, and updated mechanical components provides a clear overview of the property's current configuration.
Electrical service and furnaces were updated in 2018, while central air was added to the lower unit in 2020. The combination of established occupancy, recent capital improvements, and updated mechanical components provides a clear overview of the property's current configuration.
Key Highlights
- Two 3/3 units in a 1,996‑square‑foot duplex
- Fully rented with rental history
- Two‑car garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,078
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,560
$401.6K
Cap Rate 7%
$286,829
$286.8K
Cap Rate 9%
$223,089
$223.1K
Market Conditions
NOI Build-Up for 1,996 SF
Gross rent
$29.9K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$28.7K $14.37/SF
− OpEx
−$8.6K −$4.31/SF
NOI
$20.1K $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%
$401,560
Cap Rate 7%
$286,829
Cap Rate 9%
$223,089
Alternative Uses
Best Use
Multifamily LT 5
$286.8K
$251.0K – $334.6K
NOI $20,078 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$265.6K
$232.4K – $309.9K
NOI $18,591 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$479.7K
$419.7K – $559.6K
NOI $33,576 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 53225, WI
25,138
Population
11,019
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
91%
High-School Grad
7.0 sq mi
ZIP Area
3,591
Density / Sq Mi
$54,433
Median Household Income
$40,463
Median Earnings
$1,094
Median Rent
$174,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Fully leased two-unit property with permitted improvements, refreshed systems, and a two-car garage.
Where is this duplex located?
The property is located at 8718 W Hampton Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two 3/3 units in a 1,996‑square‑foot duplex; Fully rented with rental history; Two‑car garage included
