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6530 W Carmen AVENUE #6532, Milwaukee, WI, 53218

6beds
2baths
2,206sqft
$193,000
$87price/sqft
$1,635/moest. monthly cost
$65,400/yrincome needed

About This Home

Great investment opportunity in a prime location! This duplex features 3 bedrooms in each unit, offering spacious layouts ideal for tenants or owner-occupants. Conveniently located near MPS and local amenities, this property ensures strong rental appeal.Both units are fully rented, providing immediate cash flow. While the property could use some TLC, it offers significant upside potential with room to increase rents to market value.Whether you're looking to expand your portfolio or secure a value-add property, this duplex is packed with potential and positioned for long-term growth. Don't miss out on this opportunity!

Getting Around

59
WalkingSomewhat Walkable
44
TransitSome Transit
50
BikeBikeable

Schools

2/10
Kluge ElementaryGrades PK-50.1 mi
6/10
Craig Montessori SchoolGrades PK-82.0 mi
2/10

Construction

Condition

  • Property condition: 21+ Years
  • Year built: 1955

Materials

  • Construction materials: Aluminum/Steel,Aluminum Siding,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Duplex

Interior

Basement

  • Has basement: Yes
  • Basement: Block,Full

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full bathrooms: 2

Interior Area

  • Total structure area: 2,206
  • Total interior livable area: 2,206 sqft

Property

Details

  • Parcel number: 1740635000
  • Zoning: RT2
  • Exclusions: Tenants Personal Property

Features

  • Levels: Two
  • Stories: 2
  • Living area range: 1001-1250

Lot

  • Lot size: 5,227 sqft

Parking

  • Total spaces: 2
  • Parking features: No Garage,2 Car,1 Space
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Wisconsin Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $975$11,700
Home Insurance *$161$1,932
Property Taxes $292$3,504
Electricity $207$2,487
Total$1,635$19,620
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$56,057/yr
40% on housing$49,050/yr
45% on housing$43,600/yr

Wisconsin FAIR Plan Programs

Wisconsin Insurance Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 5,246Commercial: 198
Total Premiums$4.55M
Total Exposure$860.28M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.4%
10.4%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: -2.2%
-2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$87This listing

vs Other Active Listings

Avg $/sqft

ZIP 53218$92
Milwaukee County$147

vs Homes Sold Last Month

Median $/sqft

ZIP 53218$141
Milwaukee County$187

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-04Listed for sale$199,000
2024-10-30Sold$170,000
2024-09-22Contingent$189,000
2024-09-18Listed for sale$189,000

For Sale by Agent

AgentAlejandro Soto Melgoza
BrokerageRE/MAX Lakeside-South

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