Historic Multifamily Property with
For Sale
$674,900
2712 N Maryland Ave, Milwaukee, WI 53211
Preserved historic details combine with adaptable living areas and a self-contained third-floor loft.
Property Size3,185 SF
Price / SF$211.90
Days on Market96
Property Features for 2712 N Maryland Ave
General Information
Standard status
Active
Size
3,185 SF
Property subtype
Multi-Family
Building Details
Year Built
1898
Listing Agency:
Homestead Realty, Inc
Listed By:
Timothy Klingman · License #56904-90
(414) 254-1940
Source:
Levelupwi
Added: Jul 15
Changed: Oct 6
Last Checked: Oct 16 at 12:05PM
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 Homestead Realty, Inc
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Investment Insights
Based on property information with market context.
Built in 1898, this 3,185-square-foot multifamily property retains original architectural details, including hardwood floors, millwork, coved ceilings, paneled pocket doors, and a wood-paneled staircase. The interior includes interchangeable living and dining rooms, a primary suite with an en suite bathroom, and a flex room with balcony access. A reading nook occupies the lower stair landing, adding a distinct interior feature.
The third-floor loft has its own furnace, kitchen, full bathroom, skylights, and new carpeting noted for the end of July. The space can function as a guest suite, home office, hobby area, artist retreat, or rental area. A rare three-car garage and additional slab provide supplementary parking and storage. The property is located at 2712 N Maryland Ave in Milwaukee, Wisconsin, within the Eastside.
The third-floor loft has its own furnace, kitchen, full bathroom, skylights, and new carpeting noted for the end of July. The space can function as a guest suite, home office, hobby area, artist retreat, or rental area. A rare three-car garage and additional slab provide supplementary parking and storage. The property is located at 2712 N Maryland Ave in Milwaukee, Wisconsin, within the Eastside.
Key Highlights
- 3,185‑square‑foot multifamily property built in 1898
- Original hardwood floors, millwork, coved ceilings, and paneled pocket doors
- Third‑floor loft with separate furnace, kitchen, full bath, and skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,665
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,300
$593.3K
Cap Rate 7%
$423,786
$423.8K
Cap Rate 9%
$329,611
$329.6K
Market Conditions
NOI Build-Up for 3,185 SF
Gross rent
$56.2K $17.64/SF
− Vacancy
−$2.2K −$0.71/SF
EGI
$53.9K $16.93/SF
− OpEx
−$24.3K −$7.62/SF
NOI
$29.7K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,300
Cap Rate 7%
$423,786
Cap Rate 9%
$329,611
Alternative Uses
Best Use
Apartment 5plus
$423.8K
$370.8K – $494.4K
NOI $29,665 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.4K
$669.7K – $893.0K
NOI $53,577 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,789
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Preserved historic details combine with adaptable living areas and a self-contained third-floor loft.
Where is this multifamily property located?
The property is located at 2712 N Maryland Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 3,185‑square‑foot multifamily property built in 1898; Original hardwood floors, millwork, coved ceilings, and paneled pocket doors; Third‑floor loft with separate furnace, kitchen, full bath, and skylights
