Bungalow Duplex with Central
New
For Sale
$449,900
3631 N Morris BOULEVARD 3633, Milwaukee, WI 53211
Two kitchens, dual furnaces, and included appliances support the duplex’s flexible residential configuration.
Property Size1,832 SF
Price / SF$245.58
Days on Market4
Property Features for 3631 N Morris BOULEVARD 3633
General Information
Standard status
Active
Size
1,832 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,098
Building Details
Building Size
1,832 SF
Year Built
1928
Listing Agency:
Keller Williams Milwaukee North Shore
Listed By:
Desty Lorino · License #39986-90
(414) 962-8888
Source:
Prolificrealtygroup
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:01AM
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 Keller Williams Milwaukee North Shore
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Investment Insights
Based on property information with market context.
Built in 1928, this 1,832-square-foot duplex has two kitchens and bathrooms, with appliances included. Bungalow detailing complements dual furnaces and central air. The lower level includes an office and sauna, while the lot features a large patio and a kennel area.
The property backs directly onto the Oak Leaf Trail and the Historic Hubbard Lodge & Beer Garden. Its two-unit configuration can also function as a single-family residence.
The property backs directly onto the Oak Leaf Trail and the Historic Hubbard Lodge & Beer Garden. Its two-unit configuration can also function as a single-family residence.
Key Highlights
- 1,832‑square‑foot duplex built in 1928
- Two kitchens and bathrooms; appliances are included
- Dual furnaces, central air, lower‑level office, and sauna
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,428
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,560
$368.6K
Cap Rate 7%
$263,257
$263.3K
Cap Rate 9%
$204,756
$204.8K
Market Conditions
NOI Build-Up for 1,832 SF
Gross rent
$27.5K $15.00/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$26.3K $14.37/SF
− OpEx
−$7.9K −$4.31/SF
NOI
$18.4K $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%
$368,560
Cap Rate 7%
$263,257
Cap Rate 9%
$204,756
Alternative Uses
Best Use
Multifamily LT 5
$263.3K
$230.4K – $307.1K
NOI $18,428 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$243.8K
$213.3K – $284.4K
NOI $17,063 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$440.2K
$385.2K – $513.6K
NOI $30,817 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
Explore this area
Business Placement
Demographics for 53211, WI
36,327
Population
16,346
Households
2.2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
4.0 sq mi
ZIP Area
9,082
Density / Sq Mi
$76,206
Median Household Income
$40,214
Median Earnings
$1,225
Median Rent
$413,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two kitchens, dual furnaces, and included appliances support the duplex’s flexible residential configuration.
Where is this duplex located?
The property is located at 3631 N Morris BOULEVARD 3633 Milwaukee, WI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1,832‑square‑foot duplex built in 1928; Two kitchens and bathrooms; appliances are included; Dual furnaces, central air, lower‑level office, and sauna
