Corner
3177 N Humboldt Blvd, Milwaukee, WI 53212
For Sale
$304,000
The upper and lower residences have distinct kitchen and living areas, with a natural fireplace in the lower unit.
Property Size1,800 SF
Price / SF$168.89
Days on Market9
Property Features for 3177 N Humboldt Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
Keller Williams Milwaukee North Shore
Listed By:
Joey Carini · License WI 74505-94
(414) 467-5431
Source:
Exprealty
Added: Nov 2
Changed: Nov 5
Last Checked: Nov 8 at 10:30AM
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
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Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex at 3177 N Humboldt Blvd has separate upper and lower residences. The lower unit includes a living room with a natural fireplace, a pine-paneled kitchen, and a sunny primary bedroom. Upstairs are a living room with a double closet, two bedrooms with closets, and a larger kitchen. Updates include a boiler installed in 2023 and upper-unit flooring replaced in 2023; the roof dates to 2006.
Nearby destinations named for the property include Colectivo Coffee, Bliffert Lumber, and Cafe Corazon, along with parks and neighborhood amenities.
Nearby destinations named for the property include Colectivo Coffee, Bliffert Lumber, and Cafe Corazon, along with parks and neighborhood amenities.
Key Highlights
- Two‑unit duplex with 1,800 square feet
- Lower residence has a natural fireplace and pine‑paneled kitchen
- Upper residence includes two bedrooms and a larger kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,106
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,120
$362.1K
Cap Rate 7%
$258,657
$258.7K
Cap Rate 9%
$201,178
$201.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$27.0K $15.00/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$25.9K $14.37/SF
− OpEx
−$7.8K −$4.31/SF
NOI
$18.1K $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%
$362,120
Cap Rate 7%
$258,657
Cap Rate 9%
$201,178
Alternative Uses
Best Use
Multifamily LT 5
$258.7K
$226.3K – $301.8K
NOI $18,106 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$239.5K
$209.6K – $279.4K
NOI $16,765 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$432.6K
$378.5K – $504.7K
NOI $30,279 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
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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
$204,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The upper and lower residences have distinct kitchen and living areas, with a natural fireplace in the lower unit.
Where is this duplex located?
The property is located at 3177 N Humboldt Blvd Milwaukee, WI.
What is the asking price?
The asking price for this property is $304,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,800 square feet; Lower residence has a natural fireplace and pine‑paneled kitchen; Upper residence includes two bedrooms and a larger kitchen
