4-Unit Brick
For Sale
$550,000
3378 S Howell Ave, Milwaukee, WI 53207
Four leased apartments combine separate laundry hookups with a mix of balconies and private entrances.
Property Size3,524 SF
Price / SF$156.07
Days on Market12
Property Features for 3378 S Howell Ave
General Information
Standard status
Active
Size
3,524 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Zoning
RT3
Occupancy
100%
Site & Location
Neighborhood
Bay View
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Amenities
balconies
private entrances
private basement storage
separate laundry hookups
Building Details
Building Size
3,524 SF
Year Built
1955
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
RE/MAX Preferred-Delafield
(262) 303-4101
Listed By:
The Vinz Real Estate Collectiv Group*
(414) 748-9100
Source:
Defererealestate
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 23 at 6:00PM
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 RE/MAX Preferred-Delafield
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Investment Insights
Based on property information with market context.
Built in 1955, this 3,524-square-foot brick quadplex contains four apartments, each with two bedrooms, one bathroom, a living room, and an eat-in kitchen. Separate laundry hookups and private basement storage serve each unit. Balconies are provided with the upper apartments, while the lower apartments have individual entrances. The property is fully leased and includes off-street parking for four vehicles.
Located in Bay View, the property has nearby bus access and RT3 zoning. Its four-unit configuration presents a clear residential income property profile, with a consistent two-bedroom layout throughout.
Located in Bay View, the property has nearby bus access and RT3 zoning. Its four-unit configuration presents a clear residential income property profile, with a consistent two-bedroom layout throughout.
Key Highlights
- Four 2BR/1BA apartments in a 3,524‑square‑foot brick building
- Built in 1955 and zoned RT3
- All four units are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,448
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,960
$709.0K
Cap Rate 7%
$506,400
$506.4K
Cap Rate 9%
$393,867
$393.9K
Market Conditions
NOI Build-Up for 3,524 SF
Gross rent
$52.9K $15.00/SF
− Vacancy
−$2.2K −$0.63/SF
EGI
$50.6K $14.37/SF
− OpEx
−$15.2K −$4.31/SF
NOI
$35.4K $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%
$708,960
Cap Rate 7%
$506,400
Cap Rate 9%
$393,867
Alternative Uses
Best Use
Multifamily LT 5
$506.4K
$443.1K – $590.8K
NOI $35,448 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$468.9K
$410.3K – $547.0K
NOI $32,822 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$846.8K
$741.0K – $988.0K
NOI $59,279 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
421
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four leased apartments combine separate laundry hookups with a mix of balconies and private entrances.
Where is this quadplex located?
The property is located at 3378 S Howell Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four 2BR/1BA apartments in a 3,524‑square‑foot brick building; Built in 1955 and zoned RT3; All four units are leased
