Two-Unit Duplex with
For Sale
$329,000
3036 S 47th St, Milwaukee, WI 53219
Two residential units feature matching two-bedroom layouts, hardwood floors, built-ins, and a fenced rear yard.
Property Size1,954 SF
Price / SF$168.37
Days on Market16
Property Features for 3036 S 47th St
General Information
Standard status
Active
Size
1,954 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,289
Amenities
fenced back yard
Building Details
Buildings
1
Listing Agency:
Compass RE WI-Northshore
(414) 526-0754
Listed By:
Sewart Group* · License #5616694
(414) 526-0754
Source:
Exprealty
Added: Jul 28
Changed: Aug 11
Last Checked: Aug 11 at 5:40AM
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 Compass RE WI-Northshore
Investment Insights
Based on property information with market context.
This two-unit duplex at 3036 S 47th St in Milwaukee provides matching layouts, with two bedrooms and one bathroom in each residence. Interior details include arched doorways, natural woodwork, hardwood flooring, and built-in storage. The property measures 1,954 in total property size and includes a 2.5-car garage.
A fenced backyard extends the usable outdoor area, while the home sits along a tree-lined block in the Jackson Park neighborhood. The configuration supports owner occupancy, multigenerational living, or an investor arrangement, as explicitly noted in the property information.
A fenced backyard extends the usable outdoor area, while the home sits along a tree-lined block in the Jackson Park neighborhood. The configuration supports owner occupancy, multigenerational living, or an investor arrangement, as explicitly noted in the property information.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,954 total property size
- Arched doorways, natural woodwork, hardwood floors, and built‑ins
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
$19,594
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
5.96%
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%
$391,880
$391.9K
Cap Rate 7%
$279,914
$279.9K
Cap Rate 9%
$217,711
$217.7K
Market Conditions
NOI Build-Up for 1,954 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
$29.3K $15.00/SF
− Vacancy
−$1.3K −$0.68/SF
EGI
$28.0K $14.33/SF
− OpEx
−$8.4K −$4.30/SF
NOI
$19.6K $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 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%
$391,880
Cap Rate 7%
$279,914
Cap Rate 9%
$217,711
Alternative Uses
Best Use
Multifamily LT 5
$279.9K
$244.9K – $326.6K
NOI $19,594 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$250.6K
$219.3K – $292.4K
NOI $17,544 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$469.6K
$410.9K – $547.8K
NOI $32,869 @ 7.0% cap · market cap 9.99%
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
372
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
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 - Two residential units feature matching two-bedroom layouts, hardwood floors, built-ins, and a fenced rear yard.
Where is this duplex located?
The property is located at 3036 S 47th 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: Two units, each with 2 bedrooms and 1 bathroom; 1,954 total property size; Arched doorways, natural woodwork, hardwood floors, and built‑ins
