Duplex with Detached
New
For Sale
$274,900
9316 W Mitchell STREET Unit 9318, West Allis, WI 53214
Two separate living areas include a remodeled kitchen, a deck, and access to a deep backyard.
Property Size1,555 SF
Price / SF$176.78
Days on Market5
Property Features for 9316 W Mitchell STREET Unit 9318
General Information
Standard status
Active
Size
1,555 SF
Property subtype
Multi Family
Building Details
Year Built
1929
Listing Agency:
Klose Realty, LLC
Listed By:
John Klose Jr
(414) 588-2320
Source:
Lakecountryflatfee
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 12:42PM
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.
This 1,555-square-foot duplex, built in 1929, has two distinct living areas. The lower unit includes hardwood flooring, a dining room, one bedroom, and a remodeled kitchen with a walkout to the deck. A second bedroom was converted into a pass-through dining area. Upstairs, the unit offers two bedrooms, a full bath, a kitchen, and a family room. The partially finished basement has two rooms, a three-quarter bath, and laundry space.
The property also includes separate electric service and a detached 2.5-car garage with an upper level. The roof was replaced in 2022, and the furnace dates to 2023. Reservoir Park is a short walk away, with amenities nearby and the home situated away from heavy traffic.
The property also includes separate electric service and a detached 2.5-car garage with an upper level. The roof was replaced in 2022, and the furnace dates to 2023. Reservoir Park is a short walk away, with amenities nearby and the home situated away from heavy traffic.
Key Highlights
- Two‑unit duplex with 1,555 square feet of living area
- Lower unit has one bedroom; upper unit has two bedrooms
- Partially finished basement includes two rooms, a three‑quarter bath, and laundry area
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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Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
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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 separate living areas include a remodeled kitchen, a deck, and access to a deep backyard.
Where is this duplex located?
The property is located at 9316 W Mitchell STREET Unit 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 1,555 square feet of living area; Lower unit has one bedroom; upper unit has two bedrooms; Partially finished basement includes two rooms, a three‑quarter bath, and laundry area
