Updated
For Sale
$175,000
3026 W Eggert Pl, Milwaukee, WI 53209
Two-unit residential property with refreshed interiors and updated kitchens and bathrooms.
Property Size1,557 SF
Price / SF$112.40
Days on Market39
Property Features for 3026 W Eggert Pl
General Information
Standard status
Active
Size
1,557 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1908
Listing Agency:
Compass RE WI-Northshore
Listed By:
Horizon Homes Group* · License #6031390
(414) 441-6925
Source:
Levelupwi
Added: Aug 20
Changed: Sep 23
Last Checked: Sep 26 at 9:01AM
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 Compass RE WI-Northshore
Investment Insights
Based on property information with market context.
This duplex contains four bedrooms and two bathrooms, with recent improvements that include new flooring, fresh paint, and updates to the kitchens and bathrooms. The property is configured for residential use across two units and presents a refreshed interior for its next owner.
The property supports either an owner-occupant arrangement or rental use, with the option to occupy one unit while leasing the other. Built in 1908, it combines an established residential structure with recent interior updates.
The property supports either an owner-occupant arrangement or rental use, with the option to occupy one unit while leasing the other. Built in 1908, it combines an established residential structure with recent interior updates.
Key Highlights
- Four‑bedroom, two‑bath duplex
- New flooring and fresh paint
- Updated kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,004
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$300,080
$300.1K
Cap Rate 7%
$214,343
$214.3K
Cap Rate 9%
$166,711
$166.7K
Market Conditions
NOI Build-Up for 1,557 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.0K $18.60/SF
− Vacancy
−$1.7K −$1.08/SF
EGI
$27.3K $17.52/SF
− OpEx
−$12.3K −$7.88/SF
NOI
$15.0K $9.64/SF
Area
ZIP 53209
Vacancy
5.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$300,080
Cap Rate 7%
$214,343
Cap Rate 9%
$166,711
Alternative Uses
Best Use
Multifamily LT 5
$230.6K
$201.8K – $269.0K
NOI $16,142 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$214.3K
$187.6K – $250.1K
NOI $15,004 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$374.2K
$327.4K – $436.5K
NOI $26,191 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Explore this area
Business Placement
Demographics for 53209, WI
44,586
Population
21,466
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,090
Density / Sq Mi
$45,288
Median Household Income
$33,854
Median Earnings
$980
Median Rent
$150,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with refreshed interiors and updated kitchens and bathrooms.
Where is this duplex located?
The property is located at 3026 W Eggert Pl Milwaukee, WI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Four‑bedroom, two‑bath duplex; New flooring and fresh paint; Updated kitchens and bathrooms
