Mixed-Use Building with Three
3408 W National AVENUE Unit 3410 Milwaukee, WI 53215
3408 W National AVENUE Unit 3410, Milwaukee, WI, 53215
$310,000
For Sale
$310,000
Commercial space plus three residential rental units with a roof about four years old and mechanicals reported in good condition.
Property Size2,618 SF
Price / SF$118.41
Days on Market128
Property Features for 3408 W National AVENUE Unit 3410
General Information
- Standard status
- Active
- Size
- 2,618 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1908
Listing agency
Premier Point Realty LLC
(414) 699-0910
Listed by
Melina Cortes · License #9872594
(414) 699-0910
Source
Xome
Added: Mar 17 Updated: Jul 22 at 5:04AM Checked: Jul 22 at 5:04AM
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 Premier Point Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property at 3408 W National Avenue (Unit 3410) includes one commercial space suitable for a storefront or office, along with three residential rental units. The residential units are currently generating $3,465 in rental income. A large backyard is included, offering additional outdoor space for tenants or future use.
According to the seller, the roof is approximately four years old and the mechanicals are in good working condition. Parking is described as available on the eastern side of the property.
The overall configuration supports a live, rent, and work setup within one building, combining income-producing residential units with a separate commercial component ready for an operator or business concept.
According to the seller, the roof is approximately four years old and the mechanicals are in good working condition. Parking is described as available on the eastern side of the property.
The overall configuration supports a live, rent, and work setup within one building, combining income-producing residential units with a separate commercial component ready for an operator or business concept.
Key Highlights
- Commercial space on high‑traffic National Ave plus 3 residential rental units
- Three residential units currently generating $3,465 in rental income
- Roof is approx. 4 years old; mechanicals reported in good working condition
Local 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 | $51.8k | $19.80 |
| − Vacancy | −$2.2k | −$0.83 |
| EGI | $49.7k | $18.97 |
| − OpEx | −$22.3k | −$8.54 |
| NOI | $27.3k | $10.43 |
2,618 SF · lease $19.80/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$435.0K
$380.7K – $507.5K
NOI $30,452 @ 7.0% cap · market cap 9.82%
Second Best
Office B
$427.7K
$374.2K – $498.9K
NOI $29,936 @ 7.0% cap · market cap 9.66%
Theoretical Best
Warehouse
$1.98M
$1.74M – $2.32M
NOI $138,911 @ 7.0% cap · market cap 44.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
D-KON'Z TRAP SUPPLIES ...
(Bike/Boat/Book/etc) Store
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FAQs
What type of property is this?
Triplex - Commercial space plus three residential rental units with a roof about four years old and mechanicals reported in good condition.
Where is this triplex located?
The property is located at 3408 W National AVENUE Unit 3410 Milwaukee, WI.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Commercial space on high‑traffic National Ave plus 3 residential rental units; Three residential units currently generating $3,465 in rental income; Roof is approx. 4 years old; mechanicals reported in good working condition
