Brick Duplex with Private
3307 South Springfield Avenue Unit 3309 Milwaukee, WI 53207
For Sale
$489,000
Brick and Lannon-stone duplex with private yard, decorative fireplaces, built-ins, crown molding, and four parking spots.
Property Size2,250 SF
Price / SF$217.33
Days on Market54
Property Features for 3307 South Springfield Avenue Unit 3309
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1928
Listing Agency:
Closing Time Realty, LLC
(414) 640-7338
Listed By:
Pat McMahon · License #54371-90
(414) 640-7338
Source:
Compass
Added: May 31
Changed: Jul 22
Last Checked: Jul 20 at 11:52PM
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 Closing Time Realty, LLC
Investment Insights
Based on property information with market context.
This unique brick and Lannon-stone duplex features a maintenance-free exterior and a private yard. Inside, the lower unit includes natural woodwork and hardwood floors, along with charming decorative fireplaces, built-ins, and crown molding. The upper unit offers a walk-up attic and a custom cedar closet, and it also includes decorative fireplaces, built-ins, and crown molding.
The property provides a total of four parking spots, including two garage spaces and two slab spaces. It is tucked into one of Bay View’s most desirable pockets and is described as within strolling distance of coffee shops, restaurants, parks, and the lakefront.
A two-unit configuration is well-suited to owner occupancy or leasing, with finishes and layout details across both levels designed to add character throughout the home.
The property provides a total of four parking spots, including two garage spaces and two slab spaces. It is tucked into one of Bay View’s most desirable pockets and is described as within strolling distance of coffee shops, restaurants, parks, and the lakefront.
A two-unit configuration is well-suited to owner occupancy or leasing, with finishes and layout details across both levels designed to add character throughout the home.
Key Highlights
- Brick and Lannon‑stone duplex built in 1928 with 2 bedrooms and 1 full bath per unit
- Full basement plus 5 total rooms per unit, totaling an estimated 2,250 SF
- Each unit features decorative fireplaces, built‑ins, and crown molding
Financial Insights For Multifamily LT 5
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 | $33.8k | $15.00 |
| − Vacancy | −$1.4k | −$0.63 |
| EGI | $32.3k | $14.37 |
| − OpEx | −$9.7k | −$4.31 |
| NOI | $22.6k | $10.06 |
2,250 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.3K
$282.9K – $377.2K
NOI $22,633 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$540.7K
$473.1K – $630.8K
NOI $37,849 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Brick and Lannon-stone duplex with private yard, decorative fireplaces, built-ins, crown molding, and four parking spots.
Where is this duplex located?
The property is located at 3307 South Springfield Avenue Unit 3309 Milwaukee, WI.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Brick and Lannon‑stone duplex built in 1928 with 2 bedrooms and 1 full bath per unit; Full basement plus 5 total rooms per unit, totaling an estimated 2,250 SF; Each unit features decorative fireplaces, built‑ins, and crown molding
