Updated Duplex with
For Sale
$282,400
12a-3212 W Silver Spring Dr, Milwaukee, WI 53217
Two separate residences feature hardwood floors, refreshed kitchens and bathrooms, and a shared full basement.
Property Size2,019 SF
Price / SF$139.87
Days on Market11
Property Features for 12a-3212 W Silver Spring Dr
General Information
Standard status
Active
Size
2,019 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,558
Building Details
Buildings
1
Listing Agency:
Realty Executives Integrity Brookfield
(262) 783-7080
Listed By:
Dionne Barnes · License #5708790
(414) 467-8003
Source:
Exprealty
Added: Oct 23
Changed: Nov 1
Last Checked: Nov 1 at 7:58AM
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 Realty Executives Integrity Brookfield
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 2,019 square feet and includes a full basement. Both residences have living rooms, formal dining rooms, and hardwood flooring. Kitchen improvements include replacement cabinetry, countertops, and flooring; bathrooms have updated fixtures and floors, with tiled tub surrounds. The property also has a newer oversized two-car garage and a driveway for off-street parking. A deep lot provides outdoor space.
Key Highlights
- 2,019‑square‑foot duplex
- Both units have living rooms, formal dining rooms, and hardwood floors
- Updated kitchens with new cabinets, countertops, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,309
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,180
$406.2K
Cap Rate 7%
$290,129
$290.1K
Cap Rate 9%
$225,656
$225.7K
Market Conditions
NOI Build-Up for 2,019 SF
Gross rent
$30.3K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$29.0K $14.37/SF
− OpEx
−$8.7K −$4.31/SF
NOI
$20.3K $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%
$406,180
Cap Rate 7%
$290,129
Cap Rate 9%
$225,656
Alternative Uses
Best Use
Multifamily LT 5
$290.1K
$253.9K – $338.5K
NOI $20,309 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$268.6K
$235.1K – $313.4K
NOI $18,805 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$485.2K
$424.5K – $566.1K
NOI $33,963 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,285
Businesses Nearby
Explore this area
Business Placement
Demographics for 53217, WI
30,559
Population
12,301
Households
2.5
Avg Household Size
42
Median Age
73%
College-Educated
97%
High-School Grad
14.1 sq mi
ZIP Area
2,167
Density / Sq Mi
$132,044
Median Household Income
$70,301
Median Earnings
$1,519
Median Rent
$426,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature hardwood floors, refreshed kitchens and bathrooms, and a shared full basement.
Where is this duplex located?
The property is located at 12a-3212 W Silver Spring Dr Milwaukee, WI.
What is the asking price?
The asking price for this property is $282,400.
What are key features of this property?
This property features: 2,019‑square‑foot duplex; Both units have living rooms, formal dining rooms, and hardwood floors; Updated kitchens with new cabinets, countertops, and flooring
