Three-Story Side-by-Side
For Sale
$395,500
1746 N Cambridge Ave, Milwaukee, WI 53202
Two attached units offer kitchen-to-deck access and a fenced rear yard.
Property Size3,406 SF
Price / SF$116.12
Days on Market16
Property Features for 1746 N Cambridge Ave
General Information
Standard status
Active
Size
3,406 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
back decks
private fenced in yard
Building Details
Year Built
1900
Stories
3
Listing Agency:
Nilsen Realty
(262) 878-4706
Listed By:
Keith Nilsen · License #50340-90
Source:
Nikolicgroup
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 30 at 8:40PM
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 Nilsen Realty
Investment Insights
Based on property information with market context.
This three-story duplex contains two side-by-side residential units within a 3,406-square-foot property built in 1900. Each unit includes a kitchen with patio-door access to a rear deck, and the property has a privately fenced yard.
The building is located at 1746 N Cambridge Ave in Milwaukee, Wisconsin, approximately one-half block from Brady Street. Its attached two-unit arrangement and outdoor areas provide a defined residential income-property configuration.
The building is located at 1746 N Cambridge Ave in Milwaukee, Wisconsin, approximately one-half block from Brady Street. Its attached two-unit arrangement and outdoor areas provide a defined residential income-property configuration.
Key Highlights
- 3,406‑square‑foot duplex built in 1900
- Three‑story, side‑by‑side two‑unit configuration
- Kitchens provide patio‑door access to rear decks
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
$34,261
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
8.66%
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%
$685,220
$685.2K
Cap Rate 7%
$489,443
$489.4K
Cap Rate 9%
$380,678
$380.7K
Market Conditions
NOI Build-Up for 3,406 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
$51.1K $15.00/SF
− Vacancy
−$2.1K −$0.63/SF
EGI
$48.9K $14.37/SF
− OpEx
−$14.7K −$4.31/SF
NOI
$34.3K $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 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%
$685,220
Cap Rate 7%
$489,443
Cap Rate 9%
$380,678
Alternative Uses
Best Use
Multifamily LT 5
$489.4K
$428.3K – $571.0K
NOI $34,261 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$453.2K
$396.5K – $528.7K
NOI $31,723 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$818.5K
$716.2K – $954.9K
NOI $57,294 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,106
Businesses Nearby
Explore this area
Business Placement
Demographics for 53202, WI
27,897
Population
18,629
Households
1.5
Avg Household Size
31
Median Age
66%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
13,284
Density / Sq Mi
$68,482
Median Household Income
$52,339
Median Earnings
$1,234
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached units offer kitchen-to-deck access and a fenced rear yard.
Where is this duplex located?
The property is located at 1746 N Cambridge Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $395,500.
What are key features of this property?
This property features: 3,406‑square‑foot duplex built in 1900; Three‑story, side‑by‑side two‑unit configuration; Kitchens provide patio‑door access to rear decks
