Updated Duplex with Covered
For Sale
$489,000
9715 W Wisconsin Ave, Wauwatosa, WI 53226
Two residential units combine major system updates with hardwood flooring, in-unit laundry, and private outdoor spaces.
Property Size2,506 SF
Price / SF$195.13
Days on Market56
Property Features for 9715 W Wisconsin Ave
General Information
Standard status
Active
Size
2,506 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
hardwood floors
gas fireplace
private in-unit laundry
central air
covered patio
upper balcony
Building Details
Year Built
1954
Buildings
1
Listing Agency:
Porch Light Property Management & Real Estate
Listed By:
Joseph Hoffman
(414) 704-9090
Source:
Nikolicgroup
Added: Aug 21
Changed: Oct 1
Last Checked: Oct 12 at 9:46PM
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 Porch Light Property Management & Real Estate
Investment Insights
Based on property information with market context.
This 1954 duplex contains two residential units with a 2/2 configuration. Interior features include hardwood floors, a gas fireplace in the lower unit, and private in-unit laundry in the upper unit. Recent improvements include a new roof, central air, new walkways, a sump pump, drain tile, and reinforced basement walls. Outdoor features include a covered patio, an upper balcony, and a backyard.
The property is located at 9715 W Wisconsin Ave in Wauwatosa, near Milwaukee Regional Medical Center and GE Medical. Wisconsin Avenue Park is three blocks away, placing the duplex within close reach of established medical and recreational destinations.
The property is located at 9715 W Wisconsin Ave in Wauwatosa, near Milwaukee Regional Medical Center and GE Medical. Wisconsin Avenue Park is three blocks away, placing the duplex within close reach of established medical and recreational destinations.
Key Highlights
- 2/2 duplex configuration
- New roof, central air, sump pump, and drain tile system
- Reinforced basement walls and new walkways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,855
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,100
$537.1K
Cap Rate 7%
$383,643
$383.6K
Cap Rate 9%
$298,389
$298.4K
Market Conditions
NOI Build-Up for 2,506 SF
Gross rent
$40.6K $16.20/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$38.4K $15.31/SF
− OpEx
−$11.5K −$4.59/SF
NOI
$26.9K $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%
$537,100
Cap Rate 7%
$383,643
Cap Rate 9%
$298,389
Alternative Uses
Best Use
Multifamily LT 5
$383.6K
$335.7K – $447.6K
NOI $26,855 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$342.7K
$299.9K – $399.8K
NOI $23,990 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$594.3K
$520.0K – $693.3K
NOI $41,598 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 53226, WI
19,921
Population
8,912
Households
2.2
Avg Household Size
37
Median Age
60%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
2,930
Density / Sq Mi
$86,361
Median Household Income
$57,753
Median Earnings
$1,348
Median Rent
$301,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine major system updates with hardwood flooring, in-unit laundry, and private outdoor spaces.
Where is this duplex located?
The property is located at 9715 W Wisconsin Ave Wauwatosa, WI.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 2/2 duplex configuration; New roof, central air, sump pump, and drain tile system; Reinforced basement walls and new walkways
