Duplex with Two-Car
For Sale
$299,000
3032 N Booth St, Milwaukee, WI 53212
The property includes a fenced backyard, walk-up attic, full basement, and distinctive interior millwork.
Property Size2,368 SF
Price / SF$126.27
Days on Market14
Property Features for 3032 N Booth St
General Information
Standard status
Active
Size
2,368 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,430
Amenities
fenced backyard
front porch
balcony
bay windows
built-in china cabinets
custom kitchen islands
walk-up attic
laundry hookups
full basement
Building Details
Buildings
1
Listing Agency:
Premier Point Realty LLC
(262) 224-5843
Listed By:
Erica Winship
(262) 224-5843
Source:
Exprealty
Added: Jul 30
Changed: Aug 9
Last Checked: Aug 11 at 12:44PM
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 Premier Point Realty LLC
Investment Insights
Based on property information with market context.
This 2,368-square-foot duplex offers two residential units along with a two-car garage and loft. Exterior features include a fenced backyard, covered front porch, and balcony with views toward the Milwaukee skyline. Interior details include bay windows, built-in china cabinets, and custom kitchen islands. Laundry hookups and a full basement add functional support space, while the walk-up attic provides additional unfinished area.
The property is located at 3032 N Booth St in Milwaukee’s Riverwest neighborhood, within walking distance of bars, restaurants, parks, and local establishments. Its duplex layout supports owner-occupancy or continued use as a two-unit residential property, as described in the listing information.
The property is located at 3032 N Booth St in Milwaukee’s Riverwest neighborhood, within walking distance of bars, restaurants, parks, and local establishments. Its duplex layout supports owner-occupancy or continued use as a two-unit residential property, as described in the listing information.
Key Highlights
- 2,368 SF duplex at 3032 N Booth St, Milwaukee, WI
- Two‑car garage with loft
- Fenced backyard, front porch, and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,820
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$476,400
$476.4K
Cap Rate 7%
$340,286
$340.3K
Cap Rate 9%
$264,667
$264.7K
Market Conditions
NOI Build-Up for 2,368 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.5K $15.00/SF
− Vacancy
−$1.5K −$0.63/SF
EGI
$34.0K $14.37/SF
− OpEx
−$10.2K −$4.31/SF
NOI
$23.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$476,400
Cap Rate 7%
$340,286
Cap Rate 9%
$264,667
Alternative Uses
Best Use
Multifamily LT 5
$340.3K
$297.8K – $397.0K
NOI $23,820 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$315.1K
$275.7K – $367.6K
NOI $22,055 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$569.1K
$497.9K – $663.9K
NOI $39,834 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Explore this area
Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property includes a fenced backyard, walk-up attic, full basement, and distinctive interior millwork.
Where is this duplex located?
The property is located at 3032 N Booth St Milwaukee, WI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,368 SF duplex at 3032 N Booth St, Milwaukee, WI; Two‑car garage with loft; Fenced backyard, front porch, and balcony
