Duplex with Updated
New
For Sale
$425,000
2911 N Maryland Avenue #2913, Milwaukee, WI 53211
Matching three-bedroom units share a side driveway and additional off-street parking.
Property Size2,722 SF
Price / SF$156.14
Days on Market5
Property Features for 2911 N Maryland Avenue #2913
General Information
Standard status
Active
Size
2,722 SF
Property subtype
Multi Family Home
Zoning
Two Family
Site & Location
Neighborhood
Upper East Side
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Building Details
Building Size
2,722 SF
Year Built
1909
Buildings
1
Listing Agency:
Re/Max Lakeside-Central
(414) 327-7020
Listed By:
Hoffmann Team* · License #5480794
(414) 897-0098
Source:
Coactionrealestate
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 5:23PM
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 Re/Max Lakeside-Central
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Investment Insights
Based on property information with market context.
This 2,722-square-foot duplex contains two matching units, each with three bedrooms, a large living room, a formal dining room, and an updated kitchen. The property was built in 1909 and is zoned Two Family. It is being sold in as-is condition through a trustee sale to settle an estate.
The Milwaukee property is located a few blocks from the UWM campus. A shared side driveway provides access to additional off-street parking.
The Milwaukee property is located a few blocks from the UWM campus. A shared side driveway provides access to additional off-street parking.
Key Highlights
- Two matching three‑bedroom units
- 2,722 square feet; built in 1909
- Updated kitchens, large living rooms, and formal dining rooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,381
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,620
$547.6K
Cap Rate 7%
$391,157
$391.2K
Cap Rate 9%
$304,233
$304.2K
Market Conditions
NOI Build-Up for 2,722 SF
Gross rent
$40.8K $15.00/SF
− Vacancy
−$1.7K −$0.63/SF
EGI
$39.1K $14.37/SF
− OpEx
−$11.7K −$4.31/SF
NOI
$27.4K $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%
$547,620
Cap Rate 7%
$391,157
Cap Rate 9%
$304,233
Alternative Uses
Best Use
Multifamily LT 5
$391.2K
$342.3K – $456.4K
NOI $27,381 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$362.2K
$316.9K – $422.5K
NOI $25,352 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$654.1K
$572.4K – $763.1K
NOI $45,788 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
945
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?
Duplex - Matching three-bedroom units share a side driveway and additional off-street parking.
Where is this duplex located?
The property is located at 2911 N Maryland Avenue #2913 Milwaukee, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two matching three‑bedroom units; 2,722 square feet; built in 1909; Updated kitchens, large living rooms, and formal dining rooms in both units
