Triplex with Hardwood
New
For Sale
$549,000
2912 N Maryland Ave, Milwaukee, WI 53211
Separate electric service and rent-included heat define the building’s utility arrangement.
Property Size3,698 SF
Price / SF$148.46
Days on Market2
Property Features for 2912 N Maryland Ave
General Information
Standard status
Active
Size
3,698 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
put a little elbow grease
Additional Details
Multifamily Units
3
Amenities
hardwood floors
high ceilings
Building Details
Year Built
1909
Construction
Arts and Crafts
Listing Agency:
Milwaukee Realty, Inc.
Listed By:
David Price · License #5188390
(414) 224-7200
Source:
Levelupwi
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:46AM
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 Milwaukee Realty, Inc.
Investment Insights
Based on property information with market context.
This 1909 triplex features hardwood flooring and high ceilings. The property is offered in as-is condition, with three units and two entrances serving each unit.
Parking includes a two-car garage and two additional spaces accessed from the alley. Heat is included in the rent, while electric service is separately metered.
Parking includes a two-car garage and two additional spaces accessed from the alley. Heat is included in the rent, while electric service is separately metered.
Key Highlights
- Three‑unit residential property
- Built in 1909
- Hardwood floors and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,198
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,960
$744.0K
Cap Rate 7%
$531,400
$531.4K
Cap Rate 9%
$413,311
$413.3K
Market Conditions
NOI Build-Up for 3,698 SF
Gross rent
$55.5K $15.00/SF
− Vacancy
−$2.3K −$0.63/SF
EGI
$53.1K $14.37/SF
− OpEx
−$15.9K −$4.31/SF
NOI
$37.2K $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%
$743,960
Cap Rate 7%
$531,400
Cap Rate 9%
$413,311
Alternative Uses
Best Use
Multifamily LT 5
$531.4K
$465.0K – $620.0K
NOI $37,198 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$492.0K
$430.5K – $574.1K
NOI $34,443 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$888.7K
$777.6K – $1.04M
NOI $62,206 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
Explore this area
Business Placement
Demographics for 53211, WI
36,327
Population
16,346
Households
2.2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
4.0 sq mi
ZIP Area
9,082
Density / Sq Mi
$76,206
Median Household Income
$40,214
Median Earnings
$1,225
Median Rent
$413,500
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?
Triplex - Separate electric service and rent-included heat define the building’s utility arrangement.
Where is this triplex located?
The property is located at 2912 N Maryland Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Three‑unit residential property; Built in 1909; Hardwood floors and high ceilings
