Tax-Foreclosure Multifamily
For Sale
Contact for pricing
3205 N 20th St, Milwaukee, WI 53206
City-owned residential income property dating to 1906 in Milwaukee.
Property Size1,761 SF
Price / SF$5.68
Days on Market101
Property Features for 3205 N 20th St
General Information
Standard status
Active
Size
1,761 SF
Property subtype
Multi-Family
Building Details
Year Built
1906
Listing Agency:
Boardwalk Realty LLC
Listed By:
Keith Washington
(414) 218-9206
Source:
Levelupwi
Added: Jul 14
Changed: Oct 4
Last Checked: Oct 7 at 3:30PM
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 at 3205 N 20th St in Milwaukee was constructed in 1906. The asset is classified as an other multifamily property and is owned by the City of Milwaukee following tax foreclosure.
The sale requires buyers to demonstrate funds or financing sufficient to cover the purchase and essential repairs. Financing for investors is available through Good Faith Funding, LLC.
The sale requires buyers to demonstrate funds or financing sufficient to cover the purchase and essential repairs. Financing for investors is available through Good Faith Funding, LLC.
Key Highlights
- City of Milwaukee‑owned tax foreclosure
- Built in 1906
- Located at 3205 N 20th St, Milwaukee, WI 53206
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,402
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,040
$328.0K
Cap Rate 7%
$234,314
$234.3K
Cap Rate 9%
$182,244
$182.2K
Market Conditions
NOI Build-Up for 1,761 SF
Gross rent
$31.1K $17.64/SF
− Vacancy
−$1.2K −$0.71/SF
EGI
$29.8K $16.93/SF
− OpEx
−$13.4K −$7.62/SF
NOI
$16.4K $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%
$328,040
Cap Rate 7%
$234,314
Cap Rate 9%
$182,244
Alternative Uses
Best Use
Apartment 5plus
$234.3K
$205.0K – $273.4K
NOI $16,402 @ 7.0% cap · market cap 164.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.2K
$370.3K – $493.7K
NOI $29,623 @ 7.0% cap · market cap 296.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
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Business Placement
Demographics for 53206, WI
22,816
Population
10,077
Households
2.3
Avg Household Size
32
Median Age
7%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
8,450
Density / Sq Mi
$28,995
Median Household Income
$25,655
Median Earnings
$998
Median Rent
$70,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - City-owned residential income property dating to 1906 in Milwaukee.
Where is this multifamily property located?
The property is located at 3205 N 20th St Milwaukee, WI.
What are key features of this property?
This property features: City of Milwaukee‑owned tax foreclosure; Built in 1906; Located at 3205 N 20th St, Milwaukee, WI 53206
