2-Unit Duplex with
3518-3516 N 41st St, Milwaukee, WI 53221
For Sale
$194,000
The upper apartment is occupied, while the lower unit is vacant and has hardwood flooring throughout.
Property Size1,750 SF
Price / SF$110.86
Days on Market10
Property Features for 3518-3516 N 41st St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Listing Agency:
Compass RE WI-Northshore
Listed By:
Luvene Realty Group* · License WI #9488894
(414) 305-3445
Source:
Exprealty
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 12 at 1:33PM
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 Compass RE WI-Northshore
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,750-square-foot duplex contains two 2-bedroom, 2-bathroom units. The upper apartment is tenant-occupied, and the lower apartment is vacant with hardwood floors throughout. A basement provides additional storage, and the property includes a 2-car garage.
The property is located at 3518-3516 N 41st St in Milwaukee, Wisconsin.
The property is located at 3518-3516 N 41st St in Milwaukee, Wisconsin.
Key Highlights
- Two 2‑bedroom, 2‑bathroom units in 1,750 square feet
- Upper unit is tenant‑occupied; lower unit is vacant
- Hardwood floors throughout the lower unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,647
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,940
$332.9K
Cap Rate 7%
$237,814
$237.8K
Cap Rate 9%
$184,967
$185.0K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$32.1K $18.36/SF
− Vacancy
−$1.9K −$1.06/SF
EGI
$30.3K $17.30/SF
− OpEx
−$13.6K −$7.78/SF
NOI
$16.6K $9.51/SF
Area
ZIP 53221
Vacancy
5.80%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,940
Cap Rate 7%
$237,814
Cap Rate 9%
$184,967
Alternative Uses
Best Use
Multifamily LT 5
$267.9K
$234.4K – $312.6K
NOI $18,754 @ 7.0% cap · market cap 9.67%
Second Best
Apartment 5plus
$237.8K
$208.1K – $277.5K
NOI $16,647 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$429.3K
$375.6K – $500.9K
NOI $30,051 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Explore this area
Business Placement
Demographics for 53221, WI
39,560
Population
17,126
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
9.0 sq mi
ZIP Area
4,396
Density / Sq Mi
$61,640
Median Household Income
$41,430
Median Earnings
$1,071
Median Rent
$205,500
Median Home Value
Market
Average Price Trend$/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 - The upper apartment is occupied, while the lower unit is vacant and has hardwood flooring throughout.
Where is this duplex located?
The property is located at 3518-3516 N 41st St Milwaukee, WI.
What is the asking price?
The asking price for this property is $194,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bathroom units in 1,750 square feet; Upper unit is tenant‑occupied; lower unit is vacant; Hardwood floors throughout the lower unit
