Duplex with Four-Car
New
For Sale
$465,000
2975 S Kinnickinnic Ave, Milwaukee, WI 53207
Both residences have in-unit laundry and separate gas and electric meters.
Property Size2,288 SF
Price / SF$203.23
Days on Market4
Property Features for 2975 S Kinnickinnic Ave
General Information
Standard status
Active
Size
2,288 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
fenced-in yard
private deck
garage storage
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Shorewest Realtors - South Metro
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 12 at 7:04PM
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 Shorewest Realtors - South Metro
Investment Insights
Based on property information with market context.
Built in 1900, this duplex contains two 3-bedroom, 1-bathroom residences and is fully rented. The units have been updated and include in-unit laundry, with separate gas and electric meters for each. A fenced yard provides outdoor space, and the property includes private deck areas.
A four-car garage offers parking along with additional storage on its upper level. The property is in Milwaukee’s Bay View neighborhood, near local dining and shops.
A four-car garage offers parking along with additional storage on its upper level. The property is in Milwaukee’s Bay View neighborhood, near local dining and shops.
Key Highlights
- Fully rented duplex with two 3‑bedroom, 1‑bathroom units
- In‑unit laundry in both residences
- Separate gas and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,015
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,300
$460.3K
Cap Rate 7%
$328,786
$328.8K
Cap Rate 9%
$255,722
$255.7K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$34.3K $15.00/SF
− Vacancy
−$1.4K −$0.63/SF
EGI
$32.9K $14.37/SF
− OpEx
−$9.9K −$4.31/SF
NOI
$23.0K $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%
$460,300
Cap Rate 7%
$328,786
Cap Rate 9%
$255,722
Alternative Uses
Best Use
Multifamily LT 5
$328.8K
$287.7K – $383.6K
NOI $23,015 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$304.4K
$266.4K – $355.2K
NOI $21,310 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$549.8K
$481.1K – $641.5K
NOI $38,488 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 53207, WI
34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have in-unit laundry and separate gas and electric meters.
Where is this duplex located?
The property is located at 2975 S Kinnickinnic Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Fully rented duplex with two 3‑bedroom, 1‑bathroom units; In‑unit laundry in both residences; Separate gas and electric meters for each unit
