Duplex with Finished Rec
8967-8965 W Allerton Ave, Milwaukee, WI 53228
For Sale
$519,900
Both residences offer three bedrooms, two full baths, and a half bath.
Property Size3,360 SF
Price / SF$154.73
Days on Market8
Property Features for 8967-8965 W Allerton Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
Homestead Realty, Inc
(800) 339-4444
Listed By:
Michael Schuch · License WI 89879-94
(262) 366-4600
Source:
Exprealty
Added: Nov 7
Changed: Nov 12
Last Checked: Nov 12 at 9:04AM
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 Homestead Realty, Inc
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Investment Insights
Based on property information with market context.
This 3,360-square-foot duplex contains two matching residences. Each unit has three bedrooms and 2.5 bathrooms, including a private bath with a stall shower off the primary bedroom. Eat-in kitchens provide cabinet and counter space, with a half bath nearby. A finished recreation room adds 375 square feet to each unit.
The property includes a 2.5-car garage and additional parking. It sits on a cul-de-sac at 8967-8965 W Allerton Ave in Milwaukee, with shopping and dining described as steps away.
The property includes a 2.5-car garage and additional parking. It sits on a cul-de-sac at 8967-8965 W Allerton Ave in Milwaukee, with shopping and dining described as steps away.
Key Highlights
- Two matching units, each with 3 bedrooms and 2.5 bathrooms
- Finished recreation room adds 375 square feet per unit
- 2.5‑car garage plus additional parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,798
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,960
$676.0K
Cap Rate 7%
$482,829
$482.8K
Cap Rate 9%
$375,533
$375.5K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$50.4K $15.00/SF
− Vacancy
−$2.1K −$0.63/SF
EGI
$48.3K $14.37/SF
− OpEx
−$14.5K −$4.31/SF
NOI
$33.8K $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%
$675,960
Cap Rate 7%
$482,829
Cap Rate 9%
$375,533
Alternative Uses
Best Use
Multifamily LT 5
$482.8K
$422.5K – $563.3K
NOI $33,798 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$447.1K
$391.2K – $521.6K
NOI $31,295 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$807.4K
$706.5K – $942.0K
NOI $56,521 @ 7.0% cap · market cap 10.87%
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
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 53228, WI
15,341
Population
7,180
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
2,950
Density / Sq Mi
$75,288
Median Household Income
$54,006
Median Earnings
$1,220
Median Rent
$254,700
Median Home Value
Market
Average Price Trend$/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 offer three bedrooms, two full baths, and a half bath.
Where is this duplex located?
The property is located at 8967-8965 W Allerton Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two matching units, each with 3 bedrooms and 2.5 bathrooms; Finished recreation room adds 375 square feet per unit; 2.5‑car garage plus additional parking
