City-Owned Multifamily
For Sale
Contact for pricing
3158 N 35th St, Milwaukee, WI 53216
Tax-foreclosure asset constructed in 1925 and offered for sale.
Property Size1,585 SF
Price / SF$15.77
Days on Market52
Property Features for 3158 N 35th St
General Information
Standard status
Active
Size
1,585 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Roosevelt Grove
Building Details
Year Built
1925
Listing Agency:
Boardwalk Realty LLC
Listed By:
Keith A Washington
(414) 218-9206
Source:
Nikolicgroup
Added: Sep 14
Changed: Oct 25
Last Checked: Oct 7 at 1:29PM
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 Boardwalk Realty LLC
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Investment Insights
Based on property information with market context.
This multifamily property is a City of Milwaukee-owned tax foreclosure constructed in 1925. The property has identified essential repairs and a broader total scope of work for review by prospective purchasers.
Located at 3158 N 35th St in Milwaukee, Wisconsin, the asset is offered for sale. Buyers must provide proof of funds or financing sufficient to address the acquisition and required repairs.
Located at 3158 N 35th St in Milwaukee, Wisconsin, the asset is offered for sale. Buyers must provide proof of funds or financing sufficient to address the acquisition and required repairs.
Key Highlights
- City of Milwaukee‑owned tax foreclosure
- Multifamily property built in 1925
- Located at 3158 N 35th St, Milwaukee, WI 53216
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,763
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,260
$295.3K
Cap Rate 7%
$210,900
$210.9K
Cap Rate 9%
$164,033
$164.0K
Market Conditions
NOI Build-Up for 1,585 SF
Gross rent
$28.0K $17.64/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$26.8K $16.93/SF
− OpEx
−$12.1K −$7.62/SF
NOI
$14.8K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,260
Cap Rate 7%
$210,900
Cap Rate 9%
$164,033
Alternative Uses
Best Use
Apartment 5plus
$210.9K
$184.5K – $246.1K
NOI $14,763 @ 7.0% cap · market cap 59.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.9K
$333.3K – $444.4K
NOI $26,662 @ 7.0% cap · market cap 106.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
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Business Placement
Demographics for 53216, WI
30,109
Population
13,556
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
4.6 sq mi
ZIP Area
6,545
Density / Sq Mi
$43,466
Median Household Income
$34,823
Median Earnings
$970
Median Rent
$122,800
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?
Multifamily property - Tax-foreclosure asset constructed in 1925 and offered for sale.
Where is this multifamily property located?
The property is located at 3158 N 35th St Milwaukee, WI.
What are key features of this property?
This property features: City of Milwaukee‑owned tax foreclosure; Multifamily property built in 1925; Located at 3158 N 35th St, Milwaukee, WI 53216
