Updated Triplex with Off-Street
2715 N Humboldt Blvd, Milwaukee, WI 53212
For Sale
$459,999
Three apartments feature refreshed kitchens and bathrooms, with central air in the lower residence and parking on site.
Property Size2,693 SF
Price / SF$170.81
Days on Market47
Property Features for 2715 N Humboldt Blvd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
rear deck
workshop
Building Details
Building Size
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Sophia Barry Realty Group
(262) 354-4006
Listed By:
Christel Penn
(276) 732-6900
Source:
Esorgroup
Added: Sep 24
Changed: Nov 7
Last Checked: Nov 9 at 1:42PM
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 Berkshire Hathaway HomeServices Sophia Barry Realty Group
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Investment Insights
Based on property information with market context.
Built in 1884, this 2,693-square-foot triplex occupies a double lot. Its three apartments include a lower-level, three-bedroom unit with central air and two residences on the upper floor. Kitchens and bathrooms in all three units have been updated, along with plumbing; interior paint and gutters and downspouts have also been refreshed. Architectural details include hardwood floors, arched openings, coved ceilings and natural woodwork. A rear deck, basement workshop and attic are additional features.
The property includes a poured-concrete parking area with space for three vehicles and a two-car garage. Garage doors, tracks and motors have been replaced. The property is zoned RES (Triplex).
The property includes a poured-concrete parking area with space for three vehicles and a two-car garage. Garage doors, tracks and motors have been replaced. The property is zoned RES (Triplex).
Key Highlights
- Triplex on a double lot, with 2,693 square feet of building area
- Three units: a lower three‑bedroom apartment and two upper apartments
- Kitchens and bathrooms updated in all three units; plumbing also updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,089
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,780
$541.8K
Cap Rate 7%
$386,986
$387.0K
Cap Rate 9%
$300,989
$301.0K
Market Conditions
NOI Build-Up for 2,693 SF
Gross rent
$40.4K $15.00/SF
− Vacancy
−$1.7K −$0.63/SF
EGI
$38.7K $14.37/SF
− OpEx
−$11.6K −$4.31/SF
NOI
$27.1K $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%
$541,780
Cap Rate 7%
$386,986
Cap Rate 9%
$300,989
Alternative Uses
Best Use
Multifamily LT 5
$387.0K
$338.6K – $451.5K
NOI $27,089 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$358.3K
$313.5K – $418.0K
NOI $25,082 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$647.2K
$566.3K – $755.0K
NOI $45,301 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
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Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Milwaukee, WI
Properties on Market for Triplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments feature refreshed kitchens and bathrooms, with central air in the lower residence and parking on site.
Where is this triplex located?
The property is located at 2715 N Humboldt Blvd Milwaukee, WI.
What is the asking price?
The asking price for this property is $459,999.
What are key features of this property?
This property features: Triplex on a double lot, with 2,693 square feet of building area; Three units: a lower three‑bedroom apartment and two upper apartments; Kitchens and bathrooms updated in all three units; plumbing also updated
