Two-Family Residential Income
3479 North Pierce Street Unit 3479A Milwaukee, WI 53212
3479 North Pierce Street Unit 3479A, Milwaukee, WI, 53212
$269,900
For Sale
$269,900
1919 duplex with both units vacant at closing, featuring two bedrooms and one full bath per unit, plus a fenced yard and 2-car garage.
Property Size1,720 SF
Price / SF$156.92
Days on Market10
Property Features for 3479 North Pierce Street Unit 3479A
General Information
- Standard status
- Active
- Size
- 1,720 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1919
Listing agency
Riverwest Realty Milwaukee
(262) 424-9888
Listed by
Lance Wooten Team* · License #57371-90
(262) 424-9888
Source
Compass
Added: Jul 14 Updated: Jul 21 at 12:27PM Checked: Jul 22 at 9:41AM
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 Riverwest Realty Milwaukee
Investment Insights
Based on property information with market context.
This 1919 two-family residence presents a solid residential income opportunity with both units completely vacant at closing, allowing for immediate possession. Each unit is laid out with two bedrooms and one full bathroom. The property has been well cared for and is positioned as a clean starting point for an owner-occupant or investor looking to make updates.
Outside, the home includes a fully fenced-in yard that provides outdoor space and privacy. A two-car garage adds dedicated off-street parking along with additional storage. The property is located in the Riverwest neighborhood near coffee shops, dining, nightlife, and public transportation.
Overall, the configuration supports straightforward duplex operations with consistent unit layouts across both floors, backed by practical exterior features for day-to-day use.
Outside, the home includes a fully fenced-in yard that provides outdoor space and privacy. A two-car garage adds dedicated off-street parking along with additional storage. The property is located in the Riverwest neighborhood near coffee shops, dining, nightlife, and public transportation.
Overall, the configuration supports straightforward duplex operations with consistent unit layouts across both floors, backed by practical exterior features for day-to-day use.
Key Highlights
- 1919 two‑family duplex with both units completely vacant at closing
- Each unit features 2 bedrooms and 1 full bathroom
- Full, block basement
Local 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 | $25.8k | $15.00 |
| − Vacancy | −$1.1k | −$0.63 |
| EGI | $24.7k | $14.37 |
| − OpEx | −$7.4k | −$4.31 |
| NOI | $17.3k | $10.06 |
1,720 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.2K
$216.3K – $288.4K
NOI $17,301 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$228.9K
$200.3K – $267.0K
NOI $16,020 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$413.3K
$361.7K – $482.2K
NOI $28,933 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 1919 duplex with both units vacant at closing, featuring two bedrooms and one full bath per unit, plus a fenced yard and 2-car garage.
Where is this duplex located?
The property is located at 3479 North Pierce Street Unit 3479A Milwaukee, WI.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 1919 two‑family duplex with both units completely vacant at closing; Each unit features 2 bedrooms and 1 full bathroom; Full, block basement
