Brick Duplex with
New
For Sale
$305,000
3049 S 45th Street, Milwaukee, WI 53219
Two separate apartments include appliances, central air, and in-unit laundry equipment.
Property Size2,008 SF
Price / SF$151.89
Days on Market5
Property Features for 3049 S 45th Street
General Information
Standard status
Active
Size
2,008 SF
Property subtype
Multi Family Home
Zoning
RS6
Site & Location
Neighborhood
Jackson Park
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Amenities
stone patio
shed
central air
washer/dryer
Building Details
Building Size
2,008 SF
Year Built
1930
Buildings
1
Construction
brick
Listing Agency:
Shorewest Realtors - South Metro
(414) 423-1500
Listed By:
Ippoliti Property Group* · License #7611594
(414) 419-4797
Source:
Coactionrealestate
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 5:03PM
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 - South Metro
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 1930 brick duplex contains 2,008 square feet across two apartments: a two-bedroom main-floor unit and a one-bedroom upper unit. Both are ready for occupancy and include appliances, central air, and a washer and dryer. Interior details include natural woodwork and built-ins; updates include vinyl windows, newer circuit panels, a 2024 dimensional roof serving the house and garage, and a 2025 water heater. The property is zoned RS6.
Outdoor features include a stone patio, shed, and a 1.5-car garage with an electric door opener and newer concrete floor, plus an adjacent parking pad.
Outdoor features include a stone patio, shed, and a 1.5-car garage with an electric door opener and newer concrete floor, plus an adjacent parking pad.
Key Highlights
- Two apartments: two bedrooms on the main floor and one bedroom upstairs
- 2,008 square feet; built in 1930
- 2024 dimensional roof on the house and garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,135
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,700
$402.7K
Cap Rate 7%
$287,643
$287.6K
Cap Rate 9%
$223,722
$223.7K
Market Conditions
NOI Build-Up for 2,008 SF
Gross rent
$30.1K $15.00/SF
− Vacancy
−$1.4K −$0.68/SF
EGI
$28.8K $14.33/SF
− OpEx
−$8.6K −$4.30/SF
NOI
$20.1K $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%
$402,700
Cap Rate 7%
$287,643
Cap Rate 9%
$223,722
Alternative Uses
Best Use
Multifamily LT 5
$287.6K
$251.7K – $335.6K
NOI $20,135 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$257.6K
$225.4K – $300.5K
NOI $18,029 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$482.5K
$422.2K – $563.0K
NOI $33,778 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments include appliances, central air, and in-unit laundry equipment.
Where is this duplex located?
The property is located at 3049 S 45th Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Two apartments: two bedrooms on the main floor and one bedroom upstairs; 2,008 square feet; built in 1930; 2024 dimensional roof on the house and garage
