Duplex with Private Outdoor
For Sale
$369,999
3332 S Burrell Street #3332A, Milwaukee, WI 53207
Two updated residences each include in-unit laundry, with a finished basement providing additional shared recreation space.
Property Size2,014 SF
Price / SF$183.71
Days on Market8
Property Features for 3332 S Burrell Street #3332A
General Information
Standard status
Active
Size
2,014 SF
Property subtype
Multi Family Home
Zoning
RES
Site & Location
Neighborhood
Bay View
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
walk-out balcony
covered patio
finished basement
rec room
bar
half bath
fenced-in backyard
storage shed
in-unit washer/dryer
Building Details
Building Size
2,014 SF
Year Built
1959
Listing Agency:
Shorewest Realtors, Inc.
Listed By:
Kevin Snyder
(414) 750-2951
Source:
Howardandwilliams
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 30 at 6:44AM
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 Shorewest Realtors, Inc.
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Investment Insights
Based on property information with market context.
Built in 1959, this RES-zoned duplex contains two 2-bedroom, 1-bath units, each with its own washer and dryer. Outdoor features include a walk-out balcony for the upper residence and a covered patio for the lower one. A finished basement adds a recreation room, bar and half bath. The property also has a fenced backyard, a 13-by-12-foot storage shed and a 2.5-car garage.
The duplex contains 2,014 square feet and sits on S Burrell Street in Milwaukee. Its two separate residences and finished lower-level recreation area provide a range of living and rental configurations.
The duplex contains 2,014 square feet and sits on S Burrell Street in Milwaukee. Its two separate residences and finished lower-level recreation area provide a range of living and rental configurations.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 2,014‑square‑foot duplex built in 1959
- Upper unit has a large walk‑out balcony; lower unit has a covered patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,259
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,180
$405.2K
Cap Rate 7%
$289,414
$289.4K
Cap Rate 9%
$225,100
$225.1K
Market Conditions
NOI Build-Up for 2,014 SF
Gross rent
$30.2K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$28.9K $14.37/SF
− OpEx
−$8.7K −$4.31/SF
NOI
$20.3K $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%
$405,180
Cap Rate 7%
$289,414
Cap Rate 9%
$225,100
Alternative Uses
Best Use
Multifamily LT 5
$289.4K
$253.2K – $337.7K
NOI $20,259 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$268.0K
$234.5K – $312.6K
NOI $18,758 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$484.0K
$423.5K – $564.7K
NOI $33,879 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 53207, WI
34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences each include in-unit laundry, with a finished basement providing additional shared recreation space.
Where is this duplex located?
The property is located at 3332 S Burrell Street #3332A Milwaukee, WI.
What is the asking price?
The asking price for this property is $369,999.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 2,014‑square‑foot duplex built in 1959; Upper unit has a large walk‑out balcony; lower unit has a covered patio
