Two-House Multifamily
For Sale
$155,000
8734 W Fond Du Lac Ave, Milwaukee, WI 53225
Two homes are offered together with separate tax keys and all contents included in the sale.
Property Size1,324 SF
Price / SF$117.07
Days on Market28
Property Features for 8734 W Fond Du Lac Ave
General Information
Standard status
Active
Size
1,324 SF
Property subtype
Multi-Family
Building Details
Year Built
1885
Listing Agency:
Coldwell Banker Realty
Listed By:
Gaby Boutillier · License #4856194
(414) 531-0785
Source:
Nikolicgroup
Added: Sep 21
Changed: Oct 12
Last Checked: Oct 16 at 9:58AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This multifamily offering includes two houses at 8734 W Fond Du Lac Ave in Milwaukee. The property is being conveyed in its existing condition, with all contents inside the homes and elsewhere on the property included in the sale.
The offering includes two separate tax keys and is conveyed by Personal Representative deed. The homes date to 1885, and the recorded property size is 1324.
The offering includes two separate tax keys and is conveyed by Personal Representative deed. The homes date to 1885, and the recorded property size is 1324.
Key Highlights
- Two houses included in the sale
- Two separate tax keys
- All contents in the homes and on the property included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,332
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,640
$246.6K
Cap Rate 7%
$176,171
$176.2K
Cap Rate 9%
$137,022
$137.0K
Market Conditions
NOI Build-Up for 1,324 SF
Gross rent
$23.4K $17.64/SF
− Vacancy
−$934 −$0.71/SF
EGI
$22.4K $16.93/SF
− OpEx
−$10.1K −$7.62/SF
NOI
$12.3K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,640
Cap Rate 7%
$176,171
Cap Rate 9%
$137,022
Alternative Uses
Best Use
Apartment 5plus
$176.2K
$154.2K – $205.5K
NOI $12,332 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.2K
$278.4K – $371.2K
NOI $22,272 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
340
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two homes are offered together with separate tax keys and all contents included in the sale.
Where is this multifamily property located?
The property is located at 8734 W Fond Du Lac Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two houses included in the sale; Two separate tax keys; All contents in the homes and on the property included
