Remodeled
For Sale
$425,000
3171 S 9th St, Milwaukee, WI 53215
Two-family property with refreshed kitchens, included appliances, walk-in closets, and extensive interior and exterior improvements.
Property Size1,571 SF
Price / SF$270.53
Days on Market60
Property Features for 3171 S 9th St
General Information
Standard status
Active
Size
1,571 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
walk-in closets
appliances included
Building Details
Year Built
1920
Listing Agency:
Lyon Realty, LLC - Milwaukee
Listed By:
Nina Halcomb · License #4802790
(414) 384-6226
Source:
Nikolicgroup
Added: Aug 18
Changed: Oct 7
Last Checked: Oct 7 at 2:38PM
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 Lyon Realty, LLC - Milwaukee
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Investment Insights
Based on property information with market context.
This two-family duplex at 3171 S 9th St has undergone comprehensive remodeling. Improvements include updated kitchens and bathrooms, new flooring, walk-in closets, and included appliances. The property also features a new roof, siding, windows, exterior paint, and new concrete around the house.
Built in 1920, the residence is positioned near schools, hospitals, shopping, parks, and transportation. Its two-family layout and broad scope of completed improvements provide a substantially refreshed residential income property.
Built in 1920, the residence is positioned near schools, hospitals, shopping, parks, and transportation. Its two-family layout and broad scope of completed improvements provide a substantially refreshed residential income property.
Key Highlights
- Two‑family duplex at 3171 S 9th St, Milwaukee, WI 53215
- Completely remodeled with new flooring and updated kitchens and bathrooms
- New roof, siding, windows, exterior paint, and concrete improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,274
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,480
$365.5K
Cap Rate 7%
$261,057
$261.1K
Cap Rate 9%
$203,044
$203.0K
Market Conditions
NOI Build-Up for 1,571 SF
Gross rent
$27.3K $17.40/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$26.1K $16.62/SF
− OpEx
−$7.8K −$4.99/SF
NOI
$18.3K $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%
$365,480
Cap Rate 7%
$261,057
Cap Rate 9%
$203,044
Alternative Uses
Best Use
Multifamily LT 5
$261.1K
$228.4K – $304.6K
NOI $18,274 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$234.1K
$204.9K – $273.2K
NOI $16,390 @ 7.0% cap · market cap 3.86%
Theoretical Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,357 @ 7.0% cap · market cap 19.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
599
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
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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-family property with refreshed kitchens, included appliances, walk-in closets, and extensive interior and exterior improvements.
Where is this duplex located?
The property is located at 3171 S 9th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑family duplex at 3171 S 9th St, Milwaukee, WI 53215; Completely remodeled with new flooring and updated kitchens and bathrooms; New roof, siding, windows, exterior paint, and concrete improvements
