Brick Duplex with Two-Car
3618-3616 N 85th St, Milwaukee, WI 53228
For Sale
$275,000
Each residence has an eat-in kitchen, built-in china cabinet, and private outdoor deck or patio.
Property Size2,226 SF
Price / SF$123.54
Days on Market8
Property Features for 3618-3616 N 85th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
decks/patios
Building Details
Buildings
Construction
Listing Agency:
Shorewest Realtors, Inc.
(414) 476-7100
Listed By:
Robert Wood
(414) 803-5789
Source:
Exprealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 8 at 10:51AM
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 Shorewest Realtors, Inc.
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Investment Insights
Based on property information with market context.
This 2,226-square-foot brick duplex contains two units, each with two bedrooms and one full bathroom. Both residences offer a combined living and dining area with a built-in china cabinet, private bedrooms, and an eat-in kitchen. Each unit also has a 15-by-8-foot deck or patio. Updates include a roof installed in 2017, water heaters from 2021, and carpeting and furnaces dated 2026.
Parking includes a two-car garage and an additional adjacent two-car parking area. The property is located in Milwaukee’s St. Amelian’s neighborhood.
Parking includes a two-car garage and an additional adjacent two-car parking area. The property is located in Milwaukee’s St. Amelian’s neighborhood.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- 2,226 square feet in a brick duplex
- Each unit has a 15x8 deck or patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,391
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,820
$447.8K
Cap Rate 7%
$319,871
$319.9K
Cap Rate 9%
$248,789
$248.8K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$33.4K $15.00/SF
− Vacancy
−$1.4K −$0.63/SF
EGI
$32.0K $14.37/SF
− OpEx
−$9.6K −$4.31/SF
NOI
$22.4K $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%
$447,820
Cap Rate 7%
$319,871
Cap Rate 9%
$248,789
Alternative Uses
Best Use
Multifamily LT 5
$319.9K
$279.9K – $373.2K
NOI $22,391 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$296.2K
$259.2K – $345.6K
NOI $20,733 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$534.9K
$468.1K – $624.1K
NOI $37,445 @ 7.0% cap · market cap 13.62%
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
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 53228, WI
15,341
Population
7,180
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
2,950
Density / Sq Mi
$75,288
Median Household Income
$54,006
Median Earnings
$1,220
Median Rent
$254,700
Median Home Value
Market
Average Price Trend$/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 - Each residence has an eat-in kitchen, built-in china cabinet, and private outdoor deck or patio.
Where is this duplex located?
The property is located at 3618-3616 N 85th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; 2,226 square feet in a brick duplex; Each unit has a 15x8 deck or patio
