Duplex with Detached
New
For Sale
$329,000
3021 S 48th St, Milwaukee, WI 53219
Each unit features original wood details, built-in dining-room cabinetry, and crown molding.
Property Size1,855 SF
Price / SF$177.36
Days on Market2
Property Features for 3021 S 48th St
General Information
Standard status
Active
Size
1,855 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1934
Listing Agency:
Renosy By Renters Warehouse Milwaukee
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Oct 4
Last Checked: Oct 5 at 5:59PM
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 Renosy By Renters Warehouse Milwaukee
Investment Insights
Based on property information with market context.
This 1,855-square-foot duplex was built in 1934 and retains original woodwork. Both units have built-in dining-room cabinets with leaded-glass doors and crown molding in the living rooms. A detached garage accommodates two cars, with additional parking available from the alley.
The property is in Milwaukee’s Jackson Park neighborhood, near parks.
The property is in Milwaukee’s Jackson Park neighborhood, near parks.
Key Highlights
- 1,855‑square‑foot duplex built in 1934
- Two units with original woodwork and crown molding
- Built‑in dining‑room cabinets with leaded‑glass doors in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,601
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,020
$372.0K
Cap Rate 7%
$265,729
$265.7K
Cap Rate 9%
$206,678
$206.7K
Market Conditions
NOI Build-Up for 1,855 SF
Gross rent
$27.8K $15.00/SF
− Vacancy
−$1.3K −$0.68/SF
EGI
$26.6K $14.33/SF
− OpEx
−$8.0K −$4.30/SF
NOI
$18.6K $10.03/SF
Area
ZIP 53219
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,020
Cap Rate 7%
$265,729
Cap Rate 9%
$206,678
Alternative Uses
Best Use
Multifamily LT 5
$265.7K
$232.5K – $310.0K
NOI $18,601 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$237.9K
$208.2K – $277.6K
NOI $16,655 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$445.8K
$390.1K – $520.1K
NOI $31,204 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 53219, WI
34,925
Population
15,661
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
90%
High-School Grad
5.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$70,998
Median Household Income
$43,223
Median Earnings
$971
Median Rent
$190,300
Median Home Value
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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 - Each unit features original wood details, built-in dining-room cabinetry, and crown molding.
Where is this duplex located?
The property is located at 3021 S 48th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 1,855‑square‑foot duplex built in 1934; Two units with original woodwork and crown molding; Built‑in dining‑room cabinets with leaded‑glass doors in both units
