Triplex with Two-Car
New
For Sale
$325,000
3923 N 92nd St, Milwaukee, WI 53222
Three apartments include two long-term tenancies and one vacant unit suited to an owner-occupant.
Property Size2,419 SF
Price / SF$134.35
Days on Market7
Property Features for 3923 N 92nd St
General Information
Standard status
Active
Size
2,419 SF
Property subtype
Multi-Family
Building Details
Year Built
1959
Listing Agency:
Juniper Realty Group LLC
Listed By:
Aaron Konop
(262) 825-2296
Source:
Nikolicgroup
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 5 at 7:46PM
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 Juniper Realty Group LLC
Investment Insights
Based on property information with market context.
This 1959 brick triplex contains 2,419 square feet across three apartments: one with three bedrooms and 1.5 baths, and two with one bedroom and one bath each. Two units have long-term tenants; the third is vacant. Two separate basements provide storage and washer/dryer hookups.
The property has a spacious backyard, a two-car garage, and two additional parking spaces. St. Margaret Mary Parish is across the street. The exterior is described as low maintenance.
The property has a spacious backyard, a two-car garage, and two additional parking spaces. St. Margaret Mary Parish is across the street. The exterior is described as low maintenance.
Key Highlights
- Three apartments: one 3BR/1.5BA unit and two 1BR/1BA units
- 2,419 square feet; built in 1959
- Two units have long‑term tenants; one unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,333
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,660
$486.7K
Cap Rate 7%
$347,614
$347.6K
Cap Rate 9%
$270,367
$270.4K
Market Conditions
NOI Build-Up for 2,419 SF
Gross rent
$36.3K $15.00/SF
− Vacancy
−$1.5K −$0.63/SF
EGI
$34.8K $14.37/SF
− OpEx
−$10.4K −$4.31/SF
NOI
$24.3K $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%
$486,660
Cap Rate 7%
$347,614
Cap Rate 9%
$270,367
Alternative Uses
Best Use
Multifamily LT 5
$347.6K
$304.2K – $405.6K
NOI $24,333 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$321.9K
$281.6K – $375.5K
NOI $22,530 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$581.3K
$508.6K – $678.2K
NOI $40,691 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
Business Placement
Demographics for 53222, WI
25,422
Population
11,765
Households
2.2
Avg Household Size
37
Median Age
44%
College-Educated
96%
High-School Grad
5.4 sq mi
ZIP Area
4,708
Density / Sq Mi
$73,523
Median Household Income
$48,029
Median Earnings
$1,026
Median Rent
$202,100
Median Home Value
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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?
Triplex - Three apartments include two long-term tenancies and one vacant unit suited to an owner-occupant.
Where is this triplex located?
The property is located at 3923 N 92nd St Milwaukee, WI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three apartments: one 3BR/1.5BA unit and two 1BR/1BA units; 2,419 square feet; built in 1959; Two units have long‑term tenants; one unit is vacant
