Duplex with Detached
For Sale
$319,000
3116 S 9th STREET Unit 3118, Milwaukee, WI 53215
Both renovated apartments offer two bedrooms and one bathroom, with updated mechanical systems and windows.
Property Size2,100 SF
Price / SF$151.90
Days on Market8
Property Features for 3116 S 9th STREET Unit 3118
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Borchert Field
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
backyard
firepit
Building Details
Year Built
1928
Buildings
1
Listing Agency:
Keller Williams Milwaukee North Shore
Listed By:
On Point Realty Group* · License #82189-94
(262) 671-6868
Source:
Lakecountryflatfee
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 1 at 1:49AM
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 Keller Williams Milwaukee North Shore
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 2,100-square-foot duplex contains two renovated apartments, each configured with two bedrooms and one bathroom. Improvements include vinyl windows, air conditioners and water heaters installed in 2022, and furnaces dated 2022 and 2026. A 2.5-car garage and backyard with a built-in firepit are also part of the property.
Key Highlights
- Two renovated apartments, each with 2 bedrooms and 1 bathroom
- 2,100‑square‑foot duplex
- 2.5‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,427
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,540
$488.5K
Cap Rate 7%
$348,957
$349.0K
Cap Rate 9%
$271,411
$271.4K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$36.5K $17.40/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$34.9K $16.62/SF
− OpEx
−$10.5K −$4.99/SF
NOI
$24.4K $11.63/SF
Area
ZIP 53215
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,540
Cap Rate 7%
$348,957
Cap Rate 9%
$271,411
Alternative Uses
Best Use
Multifamily LT 5
$349.0K
$305.3K – $407.1K
NOI $24,427 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$313.0K
$273.9K – $365.2K
NOI $21,909 @ 7.0% cap · market cap 6.87%
Theoretical Best
Warehouse
$1.59M
$1.39M – $1.86M
NOI $111,426 @ 7.0% cap · market cap 34.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
Business Placement
Demographics for 53215, WI
59,359
Population
21,307
Households
2.8
Avg Household Size
31
Median Age
11%
College-Educated
67%
High-School Grad
5.5 sq mi
ZIP Area
10,793
Density / Sq Mi
$49,207
Median Household Income
$32,261
Median Earnings
$933
Median Rent
$148,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both renovated apartments offer two bedrooms and one bathroom, with updated mechanical systems and windows.
Where is this duplex located?
The property is located at 3116 S 9th STREET Unit 3118 Milwaukee, WI.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two renovated apartments, each with 2 bedrooms and 1 bathroom; 2,100‑square‑foot duplex; 2.5‑car garage
