4-Bedroom Duplex with Two-Car
For Sale
$375,000
2919-2917 N Maryland Ave, Milwaukee, WI 53211
Two mirrored units offer updated kitchen space, carpeting, and shared driveway access.
Property Size3,556 SF
Price / SF$105.46
Days on Market21
Property Features for 2919-2917 N Maryland Ave
General Information
Standard status
Active
Size
3,556 SF
Total Parking Spaces
2
Property subtype
Residential Income
Property Condition
Severity
Major Repairs Needed
Evidence
Sloped Floors
Site & Location
Neighborhood
Upper East Side
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,844
Listing Agency:
REMAX Lakeside-Central
(414) 327-7020
Listed By:
Hoffmann Team* · License #5480794
(414) 897-0098
Source:
Exprealty
Added: Oct 15
Changed: Oct 30
Last Checked: Nov 3 at 7:06AM
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 REMAX Lakeside-Central
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two matching units, each with four bedrooms and four bathrooms, across 3,556 square feet. The lower unit features hardwood floors in the living room, built-in cabinetry, a decorative fireplace, crown molding, and a formal dining room. Fresh paint and newer carpet appear in the bedrooms. The upper unit mirrors the lower layout, with an updated kitchen and carpeting throughout. A shared side driveway leads to a two-car garage.
The property is a few blocks from the UWM campus. It is being sold as-is through a trustee to settle an estate. Sloped floors are present, and an engineer’s report is on file.
The property is a few blocks from the UWM campus. It is being sold as-is through a trustee to settle an estate. Sloped floors are present, and an engineer’s report is on file.
Key Highlights
- Two units, each configured with 4 bedrooms and 4 bathrooms
- 3,556 square feet
- Upper unit mirrors the lower and has an updated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,120
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,400
$662.4K
Cap Rate 7%
$473,143
$473.1K
Cap Rate 9%
$368,000
$368.0K
Market Conditions
NOI Build-Up for 3,556 SF
Gross rent
$62.7K $17.64/SF
− Vacancy
−$2.5K −$0.71/SF
EGI
$60.2K $16.93/SF
− OpEx
−$27.1K −$7.62/SF
NOI
$33.1K $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%
$662,400
Cap Rate 7%
$473,143
Cap Rate 9%
$368,000
Alternative Uses
Best Use
Multifamily LT 5
$511.0K
$447.1K – $596.2K
NOI $35,770 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$473.1K
$414.0K – $552.0K
NOI $33,120 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$854.5K
$747.7K – $997.0K
NOI $59,818 @ 7.0% cap · market cap 15.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
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?
Duplex - Two mirrored units offer updated kitchen space, carpeting, and shared driveway access.
Where is this duplex located?
The property is located at 2919-2917 N Maryland Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two units, each configured with 4 bedrooms and 4 bathrooms; 3,556 square feet; Upper unit mirrors the lower and has an updated kitchen
