Three-Unit Multifamily
For Sale
$499,000
2914-2912 N Maryland Avenue, Milwaukee, WI 53211
Separate electric service and rent-included heat distinguish the building’s utility setup.
Property Size3,698 SF
Price / SF$134.94
Days on Market33
Property Features for 2914-2912 N Maryland Avenue
General Information
Standard status
Active
Size
3,698 SF
Total Parking Spaces
4
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
put a little elbow grease
Site & Location
Neighborhood
Upper East Side
Units
Multifamily Units
3
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$12,419
Building Details
Buildings
1
Construction
Arts and Crafts
Listing Agency:
Milwaukee Realty, Inc.
Listed By:
David Price · License #5188390
(414) 224-7200
Source:
Exprealty
Added: Oct 3
Changed: Nov 3
Last Checked: Nov 3 at 2:53PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,698-square-foot multifamily property contains three units. The first- and second-floor apartments each have three bedrooms, while the third-floor unit has two. Hardwood flooring and high ceilings are among the interior features, and each unit has two entrances.
Parking includes a two-car garage and two additional spaces off the alley. The property is two blocks from UWM. Heat is included in rent, while electric service is separately metered.
Parking includes a two-car garage and two additional spaces off the alley. The property is two blocks from UWM. Heat is included in rent, while electric service is separately metered.
Key Highlights
- Three units in a 3,698‑square‑foot building
- Bedroom layout: 3 on the first floor, 3 on the second, and 2 in the third‑floor unit
- Two‑car garage plus 2 additional alley spaces
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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Separate electric service and rent-included heat distinguish the building’s utility setup.
Where is this triplex located?
The property is located at 2914-2912 N Maryland Avenue 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 in a 3,698‑square‑foot building; Bedroom layout: 3 on the first floor, 3 on the second, and 2 in the third‑floor unit; Two‑car garage plus 2 additional alley spaces
