Corner-Lot Duplex With 3-Car
For Sale
$349,900
9700 W Lisbon Ave, Milwaukee, WI 53222
Two residences offer varied bedroom layouts, basement space, private rear access, and a fenced outdoor area.
Property Size2,461 SF
Price / SF$142.18
Days on Market55
Property Features for 9700 W Lisbon Ave
General Information
Standard status
Active
Size
2,461 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Site & Location
Neighborhood
Golden Valley
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1.5BA
Multifamily Units
2
Amenities
fully fenced backyard
storage shed
private rear entrances
dedicated laundry room
dry bar
Building Details
Year Built
1957
Listing Agency:
Homestead Realty, Inc
Listed By:
Nicole Ehrhart Fenner · License #86567-94
(414) 477-7980
Source:
Nikolicgroup
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 7 at 1:27PM
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 1957 duplex includes two separate residences with distinct layouts. The larger unit has 3 bedrooms, 1.5 bathrooms, a partially finished basement, a dry bar, and plumbing stubbed for a future full bathroom. The second unit contains 2 bedrooms, 1.5 bathrooms, a partially finished basement, and a dedicated laundry room. Both residences have private rear entrances.
The property occupies a corner lot at 9700 W Lisbon Ave in Milwaukee, Wisconsin. Exterior improvements include a fully fenced backyard, storage shed, 3-car garage, and two additional parking slabs. The building provides 2,461 square feet of property space, with added basement and storage areas supporting the two-unit configuration.
The property occupies a corner lot at 9700 W Lisbon Ave in Milwaukee, Wisconsin. Exterior improvements include a fully fenced backyard, storage shed, 3-car garage, and two additional parking slabs. The building provides 2,461 square feet of property space, with added basement and storage areas supporting the two-unit configuration.
Key Highlights
- 2,461‑square‑foot duplex built in 1957
- One unit offers 3 bedrooms, 1.5 bathrooms, dry bar, and plumbing stubbed for a future full bathroom
- Second unit includes 2 bedrooms, 1.5 bathrooms, partially finished basement, and dedicated laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,755
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,100
$495.1K
Cap Rate 7%
$353,643
$353.6K
Cap Rate 9%
$275,056
$275.1K
Market Conditions
NOI Build-Up for 2,461 SF
Gross rent
$36.9K $15.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$35.4K $14.37/SF
− OpEx
−$10.6K −$4.31/SF
NOI
$24.8K $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%
$495,100
Cap Rate 7%
$353,643
Cap Rate 9%
$275,056
Alternative Uses
Best Use
Multifamily LT 5
$353.6K
$309.4K – $412.6K
NOI $24,755 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$327.5K
$286.5K – $382.0K
NOI $22,922 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$591.4K
$517.5K – $690.0K
NOI $41,398 @ 7.0% cap · market cap 11.83%
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
402
Businesses Nearby
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Business Placement
Demographics for 53222, WI
25,422
Population
11,765
Households
2.2
Avg Household Size
37
Median Age
44%
College-Educated
96%
High-School Grad
5.4 sq mi
ZIP Area
4,708
Density / Sq Mi
$73,523
Median Household Income
$48,029
Median Earnings
$1,026
Median Rent
$202,100
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 residences offer varied bedroom layouts, basement space, private rear access, and a fenced outdoor area.
Where is this duplex located?
The property is located at 9700 W Lisbon Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,461‑square‑foot duplex built in 1957; One unit offers 3 bedrooms, 1.5 bathrooms, dry bar, and plumbing stubbed for a future full bathroom; Second unit includes 2 bedrooms, 1.5 bathrooms, partially finished basement, and dedicated laundry room
