Updated Two-Unit
For Sale
$199,999
915 W National Ave, Milwaukee, WI 53204
An upper-level balcony complements updated interiors, storage, and off-street parking.
Property Size1,640 SF
Price / SF$121.95
Days on Market56
Property Features for 915 W National Ave
General Information
Standard status
Active
Size
1,640 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
off-street parking
private balcony
Building Details
Year Built
1880
Listing Agency:
First Weber Inc -NPW
Listed By:
Rachel Greer · License #43546
(262) 307-1440
Source:
Nikolicgroup
Added: Aug 22
Changed: Oct 4
Last Checked: Oct 7 at 3:04PM
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 First Weber Inc -NPW
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,640 square feet and was built in 1880. Each residence offers two bedrooms and one bathroom, with updated interiors, modern fixtures, and storage. The lower unit includes a generous living area connected to the kitchen, while the upper unit adds a private balcony. Off-street parking is also provided.
The property is in Walker's Point in Milwaukee, with downtown Milwaukee, dining, shopping, and major highways located minutes away. Its unit configuration and established residential setting provide a straightforward multifamily layout for ownership or occupancy considerations.
The property is in Walker's Point in Milwaukee, with downtown Milwaukee, dining, shopping, and major highways located minutes away. Its unit configuration and established residential setting provide a straightforward multifamily layout for ownership or occupancy considerations.
Key Highlights
- Two‑unit duplex with 1,640 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Upper unit features a private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,497
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,940
$329.9K
Cap Rate 7%
$235,671
$235.7K
Cap Rate 9%
$183,300
$183.3K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$24.6K $15.00/SF
− Vacancy
−$1.0K −$0.63/SF
EGI
$23.6K $14.37/SF
− OpEx
−$7.1K −$4.31/SF
NOI
$16.5K $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%
$329,940
Cap Rate 7%
$235,671
Cap Rate 9%
$183,300
Alternative Uses
Best Use
Multifamily LT 5
$235.7K
$206.2K – $275.0K
NOI $16,497 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$218.2K
$190.9K – $254.6K
NOI $15,275 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$394.1K
$344.8K – $459.8K
NOI $27,587 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,878
Businesses Nearby
Explore this area
Business Placement
Demographics for 53204, WI
39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
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?
Duplex - An upper-level balcony complements updated interiors, storage, and off-street parking.
Where is this duplex located?
The property is located at 915 W National Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Two‑unit duplex with 1,640 square feet; Each unit includes 2 bedrooms and 1 bathroom; Upper unit features a private balcony
