Morgandale Two-Family Bungalow
3225 S 12th St #A Milwaukee, WI 53215
For Sale
$265,000
Two-family bungalow in Morgandale, original character, tenant-occupied, fenced yard.
Property Size2,172 SF
Price / SF$122.01
Days on Market333
Property Features for 3225 S 12th St #A
General Information
- Standard status
- Active
- Size
- 2,172 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1928
Listing Agency:
Milwaukee Southwest
(414) 418-2710
Listed By:
Alfredo Medina · License #78624
(414) 418-2710
Source:
Kw
Added: Aug 26, 2025
Changed: Jul 6
Last Checked: Jul 23 at 6:59AM
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
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.0k | $19.80 |
| − Vacancy | −$1.8k | −$0.83 |
| EGI | $41.2k | $18.97 |
| − OpEx | −$18.5k | −$8.54 |
| NOI | $22.7k | $10.43 |
2,172 SF · lease $19.80/SF/yr · vacancy 4.20% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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.
