Renovated Duplex with Detached
3362 N 42nd Street, Milwaukee, WI 53216
For Sale
$267,000
Each residence has an updated kitchen and bathroom, while a full basement adds storage space.
Property Size2,034 SF
Price / SF$131.27
Days on Market9
Property Features for 3362 N 42nd Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
homecoin.com
Listed By:
Jonathan Minerick · License WI #01523060
(888) 400-2513
Source:
Exprealty
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 2:47PM
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 homecoin.com
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,034-square-foot duplex contains two units with renovated interiors. Both kitchens have new cabinets, marble countertops, and custom gold-tone sinks. Refinished hardwood floors, fresh paint, custom trim, and updated bathrooms carry the improvements throughout the residences.
A full basement provides additional storage, and a detached two-car garage serves the property.
A full basement provides additional storage, and a detached two-car garage serves the property.
Key Highlights
- Two‑unit duplex with renovated interiors
- Both kitchens feature new cabinets, marble countertops, and custom gold‑tone sinks
- Updated bathrooms, refinished hardwood floors, fresh paint, and custom trim
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,460
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,200
$409.2K
Cap Rate 7%
$292,286
$292.3K
Cap Rate 9%
$227,333
$227.3K
Market Conditions
NOI Build-Up for 2,034 SF
Gross rent
$30.5K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$29.2K $14.37/SF
− OpEx
−$8.8K −$4.31/SF
NOI
$20.5K $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%
$409,200
Cap Rate 7%
$292,286
Cap Rate 9%
$227,333
Alternative Uses
Best Use
Multifamily LT 5
$292.3K
$255.8K – $341.0K
NOI $20,460 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$270.6K
$236.8K – $315.8K
NOI $18,945 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$488.8K
$427.7K – $570.3K
NOI $34,215 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Explore this area
Business Placement
Demographics for 53216, WI
30,109
Population
13,556
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
4.6 sq mi
ZIP Area
6,545
Density / Sq Mi
$43,466
Median Household Income
$34,823
Median Earnings
$970
Median Rent
$122,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has an updated kitchen and bathroom, while a full basement adds storage space.
Where is this duplex located?
The property is located at 3362 N 42nd Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $267,000.
What are key features of this property?
This property features: Two‑unit duplex with renovated interiors; Both kitchens feature new cabinets, marble countertops, and custom gold‑tone sinks; Updated bathrooms, refinished hardwood floors, fresh paint, and custom trim
