159 N 59th St · Milwaukee, WI 53213

$315,000

3 bd · 2.0 ba · 1,710 sqft · MultiFamily public records · 2 Days on market

Built 1926 8,276 sqft lot Est $316k · at est.

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.2/30.0
• DSCR +7.8/10.0
• ARV discount +7.7/15.0
• 1% rule +6.0/10.0
• Rent growth +4.0/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Looking for a smart investment or a home with built-in income? This charming Milwaukee duplex delivers both. The upper unit boasts 2 bedrooms, a tastefully remodeled kitchen, and 1 bath. Currently being used as a STR. The lower unit offers a great 2-bedroom with beautiful wood floors and built ins. Both units share a spacious backyard -- great for relaxing or entertaining -- plus separate laundry and a 2-car garage for added convenience. Assumable VA loan, contact lister for more info. Showings start 6/19

Key facts

• Spacious backyard
• Separate laundry
• Milwaukee duplex

Tags

• MILWAUKEE DUPLEX
• REMODELED KITCHEN
• BEAUTIFUL WOOD FLOORS
• SPACIOUS BACKYARD
• SEPARATE LAUNDRY

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.0-bath units multifamily listed at $315k.

Deal economics

• At list price, monthly cash flow is $631 ($8k/yr) — positive. Per door: $316/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $315k).
• Cap rate 8.7% vs local median 5.1% in Milwaukee — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#55 in WI, #1,534 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D+, schools F, crime F.
• Milwaukee School District (urban): math 10% / reading 18% proficiency, ranked #337 of 342 in WI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.9%/yr); 54 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• This rent runs 41% of the median local income ($102k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Milwaukee County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 5.9% rent growth), your $88k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $215k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $315,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.10% ✓
• Cap rate: 8.70%
• Cash-on-cash: 8.59%
• DSCR: 1.38
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $316,350
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5915 W Park Hill Ave	0.02mi	4/2.0 (+1)	1,807 (+6%)	3mo	$246,500	$136	82
212 N 60th St	0.08mi	4/2.0 (+1)	1,816 (+6%)	1mo	$340,000	$187	81
552 N 62nd St	0.37mi	4/2.0 (+1)	1,823 (+7%)	10mo	$312,000	$171	58
309 N 61st St	0.17mi	4/2.0 (+1)	1,496 (-12%)	14mo	$330,000	$221	55
306 N 71st St	0.73mi	3/2.0	1,630 (-5%)	14mo	$315,778	$194	46
606 N 51st St	0.58mi	4/2.0 (+1)	1,747 (+2%)	22mo	$364,000	$208	46
176 N 69th St	0.61mi	4/2.0 (+1)	1,912 (+12%)	7mo	$266,240	$139	41
625 S 61st St	0.52mi	4/2.0 (+1)	1,510 (-12%)	13mo	$293,500	$194	40
428 S 70th St	0.74mi	4/2.0 (+1)	1,812 (+6%)	14mo	$262,000	$145	39
401 S 69th St	0.70mi	4/2.0 (+1)	1,553 (-9%)	15mo	$287,000	$185	34
6521 W Adler St Unit 6521A	0.54mi	4/2.0 (+1)	1,508 (-12%)	23mo	$235,000	$156	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.86% rent growth · sell at horizon

5-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-583
• Equity at exit: $46,968

10-year hold

• IRR: 12.2%
• Equity multiple: 2.09×
• Total profit: $95,906
• Equity at exit: $27,235

Cash invested: $88,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Wisconsin: 73 Landlord-Friendly · R+2
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; Madison / Milwaukee have some local enforcement.

Methodology + full state rankings →

ZIP-level market 53213

• Rents YoY: 5.9%
• Active inventory: 54
• Price-to-rent: 15.2×

Monthly cashflow live

• Estimated rent: $3,464 high
• Mortgage (P&I): −$1,652
• Tax from tax record: −$322 /mo · $3,867/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$727
• Net cashflow: $631

Break-even live

Break-even rent $2,665

Max offer price $315,000

Occupancy floor 77%

Sensitivity live

Price	-10% $809	-5% $720	+0% $631	+5% $542	+10% $453
Rent	-10% $358	-5% $494	+0% $631	+5% $768	+10% $905
Rate	-1.0pp $790	-0.5pp $711	base $631	+0.5pp $550	+1.0pp $466

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$3,464
Total (2 units)			$3,464

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
638 S 66th St Milwaukee, WI	3.0	1.0	1104	$1,795	$1.63	15d	1	0.70mi
642 S 66th St Milwaukee, WI	3.0	1.0	1059	$1,770	$1.67	18d	1	0.70mi
4802 W Wells St Unit 4802-1 Milwaukee, WI	3.0	2.0	1700	$1,799	$1.06	45d	1	0.77mi
6100 W State St Wauwatosa, WI	1.0–3.0	1.0–2.0	1160	$3,017	$2.60	3d	20	0.79mi
1215 N 62nd St Wauwatosa, WI	2.0	1.0–2.0	796	$2,321	$2.91	3d	9	0.95mi
1200 N 62nd St Milwaukee, WI	1.0–2.0	1.0–2.0	899	$2,343	$2.60	3d	14	0.96mi
1301 S 63rd St Uppr -6307 West Allis, WI	3.0	1.0	1150	$1,650	$1.43	25d	1	1.05mi
1551 N 57th St Milwaukee, WI	2.0	1.0	1400	$1,795	$1.28	45d	1	1.27mi
6516 W National Ave Unit 6519-101 West Allis, WI	2.0	2.0	1204	$1,945	$1.62	17d	1	1.28mi
6516 W National Ave Unit 6501-209 West Allis, WI	2.0	2.0	1150	$1,695	$1.47	4d	1	1.28mi
6516 W National Ave Unit 1441-105 West Allis, WI	2.0	2.0	1143	$1,745	$1.53	25d	1	1.28mi
6516 W National Ave Unit 1460-110 West Allis, WI	2.0	1.0	1080	$1,815	$1.68	17d	1	1.28mi
6516 W National Ave Unit 6501-310 West Allis, WI	2.0	2.0	1289	$1,995	$1.55	25d	1	1.28mi
6516 W National Ave Unit 6501-212 West Allis, WI	2.0	2.0	1204	$1,945	$1.62	25d	1	1.28mi
6516 W National Ave Unit 1460-102 West Allis, WI	2.0	2.0	1143	$1,775	$1.55	4d	1	1.28mi
6516 W National Ave Unit 1441-309 West Allis, WI	2.0	2.0	1150	$1,575	$1.37	22d	1	1.28mi
1609 N 57th St Milwaukee, WI	2.0	1.0	1400	$1,650	$1.18	18d	1	1.31mi
1607 N 52nd St Unit Lower Milwaukee, WI	2.0	1.0	1518	$1,648	$1.09	4d	1	1.35mi
1609 N 52nd St Unit Upper Milwaukee, WI	2.0	1.0	1518	$1,648	$1.09	4d	1	1.35mi
3520 W Mount Vernon Ave Unit 3520 Milwaukee, WI	4.0	1.0	1279	$1,450	$1.13	3d	1	1.40mi
1750 N 53rd St Unit 1750 Milwaukee, WI	2.0	1.0	1500	$1,500	$1.00	18d	1	1.49mi
7400 W State St Milwaukee, WI	1.0–3.0	1.0–2.0	1106	$3,995	$3.61	3d	8	1.49mi

Listing history 9 events

1. 2026-06-21
   statusdays on market $315,000 Active 2 DOM
2. 2026-06-18
   days on market $315,000 Coming Soon 9 DOM
3. 2026-06-17
   days on market $315,000 Coming Soon 8 DOM
4. 2026-06-16
   days on market $315,000 Coming Soon 7 DOM
5. 2026-06-15
   days on market $315,000 Coming Soon 6 DOM
6. 2026-06-13
   days on market $315,000 Coming Soon 4 DOM
7. 2026-06-13
   days on market $315,000 Coming Soon 3 DOM
8. 2026-06-10
   remarks 510-char remark
9. 2026-06-10
   listed $315,000 Coming Soon 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast WI · Partial reset (capped growth)

• Current annual tax: $3,867 · $322/mo
• Projected year-2 tax: $4,847 · $404/mo
• Expected delta: +$980/yr (+$82/mo · 25.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,568
• − Mortgage interest: −$17,645
• − Property taxes: −$3,867
• − Insurance: −$1,575
• − Repairs & maintenance: −$3,325
• − Management: −$3,325
• − Depreciation: −$9,164
• Taxable income: $2,667
• Est. tax owed @ 24.0%: −$640
• After-tax cash flow: $6,934/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Milwaukee School District
• NCES district ID: 5509600
• Math proficiency: 10% ▼ -5.00%
• Reading proficiency: 18% ▬ 0.00%
• Median HH income: $36,339
• Composite: 11.61/100
• National rank: #9696
• State rank: #337 of 342 in WI

Livability — Milwaukee

• Score: 81/100
• State rank: #55
• US rank: #1534

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Milwaukee, WI
• County: Milwaukee County · 926,379 people
• City population: 573,768
• Metro: Milwaukee-Waukesha, WI
• Population (ZIP): 26,905
• Household income: $101,688
• Rent vs Own: 40.2% rent · 59.8% own
• Severe rent burden: 774.0

Population outlook (Milwaukee County) Hauer SSP2

• Today (2025): 995,758 people
• By 2030: 1,009,124 · +1.3%
• By 2040: 1,028,128 · +3.3%
• By 2050: 1,040,066 · +4.4%
• By 2075: 1,057,849 · +6.2%
• By 2100: 1,039,774 · +4.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Two or more races 6% Hispanic / Latino 5% Asian 5% Black 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Romanian 10% Lithuanian 4% Portuguese 4%
• Foreign-born: 6% · China, Canada
• Languages at home: 93% English-only · Spanish 2% Chinese 1% Other Indo-European 1%

Political lean MEDSL · Milwaukee

• 2024 margin: Solid D (+38.5) · D 68.3% · R 29.8% · Other 1.8%
• 2008→2024 swing: +2.7pp toward D · 2008: 35.9pp · 2024: 38.5pp
• All cycles: 2024: D+38.5 2020: D+39.9 2016: D+37.5 2012: D+34.6 2008: D+35.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -242.24%
• Current HPI: 294.1916
• Rent YoY: ▲ 5.86%
• Metro: Milwaukee-Waukesha, WI
• State GDP YoY: ▲ 2.10%
• F500 in state: 20

Industry mix (Fortune 500 HQ in WI)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$23B
▸Industrial Technology	2	$36B
▸Insurance	1	$36B
▸Professional Services	1	$19B
▸Utilities	1	$9B
▸Consumer Goods	1	$3B

Price history

+384.6% since first listed

4 events — show timeline

• 2026-06-09 Coming Soon $315,000 METROMLS
• 2022-03-01 Sold (Public Records) $215,000 Public Records
• 2002-09-11 Sold (Public Records) $117,900 Public Records
• 1989-05-01 Sold (Public Records) $65,000 Public Records

Property tax history

+1.6%/yr

Latest (2024): $3,867 · +25.3% YoY. Source: county tax records.