Three-Unit Arts and Crafts
New
For Sale
$499,000
2912 N Maryland AVENUE 2914, Milwaukee, WI 53211
A three-story residential property near UWM includes a two-car garage and two additional alley parking spaces.
Property Size3,698 SF
Price / SF$134.94
Days on Market5
Property Features for 2912 N Maryland AVENUE 2914
General Information
Standard status
Active
Size
3,698 SF
Total Parking Spaces
4
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
Call the painter and put a little elbow grease
Site & Location
Neighborhood
Upper East Side
Units
Multifamily Units
3
Individually Metered Utilities
electric
Taxes and HOA fees
Annual Taxes
$12,419
Building Details
Building Size
3,698 SF
Year Built
1909
Buildings
1
Stories
3
Construction
Arts and Crafts
Listing Agency:
Milwaukee Realty, Inc.
Listed By:
David Price · License #5188390
(414) 224-7200
Source:
Prolificrealtygroup
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 3 at 8:38AM
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.
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Investment Insights
Based on property information with market context.
This 1909 triplex contains 3,698 square feet across three floors. The first and second floors each have three bedrooms, while the third-floor unit has two. Hardwood floors, high ceilings, and Arts and Crafts detailing are present throughout. Each of the three units has two entrances.
The property is two blocks from UWM in Milwaukee. Parking includes a two-car garage and two additional spaces off the alley. Heat is included in the rent, with electric service billed separately. The sale is subject to an as-is condition.
The property is two blocks from UWM in Milwaukee. Parking includes a two-car garage and two additional spaces off the alley. Heat is included in the rent, with electric service billed separately. The sale is subject to an as-is condition.
Key Highlights
- Three units with 3,698 square feet of building area
- Built in 1909
- First- and second‑floor units each have 3 bedrooms; third‑floor unit has 2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,198
Cap Rate
7.45%
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 7.45%
Second Best
Apartment 5plus
$492.0K
$430.5K – $574.1K
NOI $34,443 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$888.7K
$777.6K – $1.04M
NOI $62,206 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
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?
Triplex - A three-story residential property near UWM includes a two-car garage and two additional alley parking spaces.
Where is this triplex located?
The property is located at 2912 N Maryland AVENUE 2914 Milwaukee, WI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three units with 3,698 square feet of building area; Built in 1909; First- and second‑floor units each have 3 bedrooms; third‑floor unit has 2
