Updated
For Sale
$520,000
3008-3006 N Murray Ave, Milwaukee, WI 53211
Separate utilities serve the two units, with refreshed kitchens and bathrooms and stainless steel appliances.
Property Size3,030 SF
Price / SF$171.62
Days on Market17
Property Features for 3008-3006 N Murray Ave
General Information
Standard status
Active
Size
3,030 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Upper East Side
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,542
Listing Agency:
Shorewest Realtors, Inc.
(414) 962-4413
Listed By:
Jamie Ludlow
(414) 232-7775
Source:
Exprealty
Added: Oct 16
Changed: Oct 28
Last Checked: Nov 1 at 6:32AM
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.
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 3,030-square-foot duplex includes four bedrooms and two additional closet-equipped bonus rooms, along with a full bath on the third floor. Interior details include restored hardwood flooring, coffered dining room ceilings, a walk-in pantry, refreshed kitchens and bathrooms, stainless steel appliances, and solid-surface countertops. Improvements include two new high-efficiency furnaces, a new garage, and replacement of most windows. Utilities are separately metered or served?
Key Highlights
- 3,030‑square‑foot duplex with four bedrooms and two closet‑equipped bonus rooms
- Full bathroom on the third floor
- Two new high‑efficiency furnaces and a new garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,479
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,580
$609.6K
Cap Rate 7%
$435,414
$435.4K
Cap Rate 9%
$338,656
$338.7K
Market Conditions
NOI Build-Up for 3,030 SF
Gross rent
$45.5K $15.00/SF
− Vacancy
−$1.9K −$0.63/SF
EGI
$43.5K $14.37/SF
− OpEx
−$13.1K −$4.31/SF
NOI
$30.5K $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%
$609,580
Cap Rate 7%
$435,414
Cap Rate 9%
$338,656
Alternative Uses
Best Use
Multifamily LT 5
$435.4K
$381.0K – $508.0K
NOI $30,479 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$403.2K
$352.8K – $470.4K
NOI $28,221 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$728.1K
$637.1K – $849.5K
NOI $50,969 @ 7.0% cap · market cap 9.80%
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
933
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 - Separate utilities serve the two units, with refreshed kitchens and bathrooms and stainless steel appliances.
Where is this duplex located?
The property is located at 3008-3006 N Murray Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 3,030‑square‑foot duplex with four bedrooms and two closet‑equipped bonus rooms; Full bathroom on the third floor; Two new high‑efficiency furnaces and a new garage
