Duplex with Two-Car
For Sale
$375,000
3002 N 70th STREET 3004, Milwaukee, WI 53210
Two residential units include a lower-level laundry area, storage, and shared outdoor space.
Property Size2,867 SF
Price / SF$130.80
Days on Market17
Property Features for 3002 N 70th STREET 3004
General Information
Standard status
Active
Size
2,867 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Lenox Heights
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,886
Amenities
backyard patio
on-site laundry
yard
Building Details
Building Size
2,867 SF
Year Built
1953
Listing Agency:
Shorewest Realtors, Inc.
Listed By:
Julie Merkel
(414) 364-7034
Source:
Prolificrealtygroup
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 31 at 7:10PM
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, Inc.
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Investment Insights
Based on property information with market context.
This 1953 duplex contains 2,867 square feet across two units, with generous living areas and natural light. The lower unit has an additional full bathroom. A lower-level area provides laundry and storage, while the backyard includes a patio and grassy space. Recent property work includes interior painting, a newer roof, and updated garage siding; a two-car garage serves the property.
The property is in Milwaukee’s Enderis Park neighborhood, within walking distance of dining and nightlife in Wauwatosa. A nearby park hosts a farmers market, concerts, movie nights, and other community activities. The location also provides freeway access and is a short drive from Froedtert Hospital and the Medical College.
The property is in Milwaukee’s Enderis Park neighborhood, within walking distance of dining and nightlife in Wauwatosa. A nearby park hosts a farmers market, concerts, movie nights, and other community activities. The location also provides freeway access and is a short drive from Froedtert Hospital and the Medical College.
Key Highlights
- Two residential units in a 2,867‑square‑foot duplex
- Lower unit includes an additional full bathroom
- Lower‑level laundry and storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,839
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,780
$576.8K
Cap Rate 7%
$411,986
$412.0K
Cap Rate 9%
$320,433
$320.4K
Market Conditions
NOI Build-Up for 2,867 SF
Gross rent
$43.0K $15.00/SF
− Vacancy
−$1.8K −$0.63/SF
EGI
$41.2K $14.37/SF
− OpEx
−$12.4K −$4.31/SF
NOI
$28.8K $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%
$576,780
Cap Rate 7%
$411,986
Cap Rate 9%
$320,433
Alternative Uses
Best Use
Multifamily LT 5
$412.0K
$360.5K – $480.7K
NOI $28,839 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$381.5K
$333.8K – $445.1K
NOI $26,703 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$689.0K
$602.9K – $803.8K
NOI $48,228 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
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Business Placement
Demographics for 53210, WI
25,588
Population
11,005
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
9,842
Density / Sq Mi
$45,268
Median Household Income
$35,797
Median Earnings
$1,044
Median Rent
$153,400
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 - Two residential units include a lower-level laundry area, storage, and shared outdoor space.
Where is this duplex located?
The property is located at 3002 N 70th STREET 3004 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 residential units in a 2,867‑square‑foot duplex; Lower unit includes an additional full bathroom; Lower‑level laundry and storage area
