Remodeled Duplex with
For Sale
$320,000
3055 N Bremen St, Milwaukee, WI 53212
Two updated residences feature open layouts, modern kitchens, and separately metered gas and electric service.
Property Size1,584 SF
Price / SF$202.02
Days on Market78
Property Features for 3055 N Bremen St
General Information
Standard status
Active
Size
1,584 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Gross Income
$33,300
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1912
Buildings
1
Listing Agency:
RE/MAX Service First
Listed By:
Segal Goldman Realty Group* · License #7654594
(262) 384-4552
Source:
Nikolicgroup
Added: Jul 31
Changed: Oct 13
Last Checked: Oct 7 at 2:11PM
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 RE/MAX Service First
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Investment Insights
Based on property information with market context.
This Riverwest duplex includes two remodeled walk-up residences with open-concept interiors and attic space. Each unit has an updated kitchen with an island, new cabinetry, quartz countertops, a dishwasher, built-in microwave, and stainless steel appliances. The bathrooms have new tile finishes and vanities. A newer 2-car garage provides on-site parking, while separate gas and electric meters support distinct utility allocation between the units.
The property is located at 3055 N Bremen St in Milwaukee, Wisconsin. Water and sewer costs are handled through a RUBS pass-through arrangement. Built in 1912, the property combines updated unit interiors with dedicated garage parking and separately metered utilities.
The property is located at 3055 N Bremen St in Milwaukee, Wisconsin. Water and sewer costs are handled through a RUBS pass-through arrangement. Built in 1912, the property combines updated unit interiors with dedicated garage parking and separately metered utilities.
Key Highlights
- Two‑unit duplex with remodeled walk‑up interiors and attic space
- Each unit includes an island kitchen with quartz counters and stainless steel appliances
- New tile bathrooms with vanities in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,933
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,660
$318.7K
Cap Rate 7%
$227,614
$227.6K
Cap Rate 9%
$177,033
$177.0K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$23.8K $15.00/SF
− Vacancy
−$998 −$0.63/SF
EGI
$22.8K $14.37/SF
− OpEx
−$6.8K −$4.31/SF
NOI
$15.9K $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%
$318,660
Cap Rate 7%
$227,614
Cap Rate 9%
$177,033
Alternative Uses
Best Use
Multifamily LT 5
$227.6K
$199.2K – $265.6K
NOI $15,933 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$210.8K
$184.4K – $245.9K
NOI $14,753 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$380.6K
$333.1K – $444.1K
NOI $26,645 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
640
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences feature open layouts, modern kitchens, and separately metered gas and electric service.
Where is this duplex located?
The property is located at 3055 N Bremen St Milwaukee, WI.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑unit duplex with remodeled walk‑up interiors and attic space; Each unit includes an island kitchen with quartz counters and stainless steel appliances; New tile bathrooms with vanities in both units
