Duplex with Detached
For Sale
$274,900
9316 W Mitchell STREET 9318, West Allis, WI 53214
Two distinct living spaces are complemented by separate electric service and a detached garage with additional upper-level space.
Property Size1,555 SF
Price / SF$176.78
Days on Market15
Property Features for 9316 W Mitchell STREET 9318
General Information
Standard status
Active
Size
1,555 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$4,397
Amenities
laundry area
Building Details
Building Size
1,555 SF
Year Built
1929
Listing Agency:
Klose Realty, LLC
Listed By:
John Klose Jr
(414) 588-2320
Source:
Stefaniakgroup
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 26 at 3:52PM
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 Klose Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1929, this duplex has a one-bedroom lower unit and a two-bedroom upper unit. The lower residence includes hardwood flooring, a remodeled kitchen with deck access, and a second bedroom converted to a pass-through dining area. The upper unit has its own kitchen, family room, and full bathroom. A partially finished basement adds two rooms, a three-quarter bath, laundry space, and a furnace installed in 2023.
The property also includes a detached 2.5-car garage with an upper level, a deep lot, and a backyard with a deck. The roof was replaced in 2022. Reservoir Park is within walking distance, and the property is described as set away from heavy traffic while remaining close to amenities.
The property also includes a detached 2.5-car garage with an upper level, a deep lot, and a backyard with a deck. The roof was replaced in 2022. Reservoir Park is within walking distance, and the property is described as set away from heavy traffic while remaining close to amenities.
Key Highlights
- Two‑unit duplex with separate electric service
- Lower unit has hardwood floors and a remodeled kitchen with deck access
- Upper residence includes two bedrooms, a kitchen, family room, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,664
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,280
$333.3K
Cap Rate 7%
$238,057
$238.1K
Cap Rate 9%
$185,156
$185.2K
Market Conditions
NOI Build-Up for 1,555 SF
Gross rent
$25.2K $16.20/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$23.8K $15.31/SF
− OpEx
−$7.1K −$4.59/SF
NOI
$16.7K $10.72/SF
Area
Milwaukee County, WI
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,280
Cap Rate 7%
$238,057
Cap Rate 9%
$185,156
Alternative Uses
Best Use
Multifamily LT 5
$238.1K
$208.3K – $277.7K
NOI $16,664 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$212.7K
$186.1K – $248.1K
NOI $14,886 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$368.7K
$322.7K – $430.2K
NOI $25,812 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
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Business Placement
Demographics for 53214, WI
34,297
Population
17,530
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
4,831
Density / Sq Mi
$62,712
Median Household Income
$46,304
Median Earnings
$999
Median Rent
$178,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct living spaces are complemented by separate electric service and a detached garage with additional upper-level space.
Where is this duplex located?
The property is located at 9316 W Mitchell STREET 9318 West Allis, WI.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two‑unit duplex with separate electric service; Lower unit has hardwood floors and a remodeled kitchen with deck access; Upper residence includes two bedrooms, a kitchen, family room, and full bath
