Morgandale Two-Family Bungalow
For Sale
$265,000
3225 S 12th St #A, Milwaukee, WI 53215
Two-family bungalow in Morgandale, original character, tenant-occupied, fenced yard.
Property Size2,172 SF
Price / SF$122.01
Days on Market424
Property Features for 3225 S 12th St #A
General Information
Standard status
Active
Size
2,172 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Morgandale
Amenities
Forced Air
Natural Gas
Building Details
Building Size
2,172 SF
Year Built
1928
Listing Agency:
Milwaukee Southwest
Listed By:
Alfredo Medina · License #78624
(414) 418-2710
Source:
Kw
Added: Aug 26, 2025
Changed: Oct 19
Last Checked: Oct 21 at 12:24AM
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 Milwaukee Southwest
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Investment Insights
Based on property information with market context.
This two-family bungalow duplex is located in the Morgandale neighborhood. The property has been maintained by the same owners for 20 years and showcases original character. Each unit features 2 bedrooms, 1 bath, a spacious living room, a formal dining area, a kitchen, and a full pantry. The upper unit mirrors the lower unit and is tenant-occupied on a month-to-month basis. The property includes a fenced yard and a 2-car garage. It is located close to public transportation and local amenities. The property has a size of 2172 square feet.
Key Highlights
- Two‑family duplex in the desirable Morgandale neighborhood.
- Ideal for house hacking or rental portfolio expansion.
- Features a 2‑car garage and fenced yard.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,660
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,200
$453.2K
Cap Rate 7%
$323,714
$323.7K
Cap Rate 9%
$251,778
$251.8K
Market Conditions
NOI Build-Up for 2,172 SF
Gross rent
$43.0K $19.80/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$41.2K $18.97/SF
− OpEx
−$18.5K −$8.54/SF
NOI
$22.7K $10.43/SF
Area
ZIP 53215
Vacancy
4.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,200
Cap Rate 7%
$323,714
Cap Rate 9%
$251,778
Alternative Uses
Best Use
Multifamily LT 5
$360.9K
$315.8K – $421.1K
NOI $25,264 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$323.7K
$283.3K – $377.7K
NOI $22,660 @ 7.0% cap · market cap 8.55%
Theoretical Best
Warehouse
$1.65M
$1.44M – $1.92M
NOI $115,247 @ 7.0% cap · market cap 43.49%
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
920
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family bungalow in Morgandale, original character, tenant-occupied, fenced yard.
Where is this duplex located?
The property is located at 3225 S 12th St #A Milwaukee, WI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑family duplex in the desirable Morgandale neighborhood.; Ideal for house hacking or rental portfolio expansion.; Features a 2‑car garage and fenced yard.
