Renovated Two-Family
3660 E Iona Ter, Cudahy, WI 53110
For Sale
$315,000
Two separate apartments offer a three-bedroom lower residence and a two-bedroom upper residence.
Property Size1,782 SF
Price / SF$176.77
Days on Market13
Property Features for 3660 E Iona Ter
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
front porch
fenced yard with patio
Listing Agency:
Compass RE WI-Tosa
Listed By:
Radmila Duvall
(312) 678-6305
Source:
Exprealty
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 8 at 9:07AM
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-Tosa
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Investment Insights
Based on property information with market context.
This two-family duplex contains 1,782 square feet across a three-bedroom lower apartment and a two-bedroom upper apartment. Renovations over a ten-year period include a remodeled lower-level kitchen and living room, bathroom renovations in both apartments, new flooring, updated electrical, HVAC and water heaters, plus a replacement roof and front porch. The property is being sold as-is.
Outdoor features include a fenced yard with patio, a two-car garage and additional driveway parking. The upper apartment is leased month-to-month.
Outdoor features include a fenced yard with patio, a two-car garage and additional driveway parking. The upper apartment is leased month-to-month.
Key Highlights
- Two‑family duplex with 3‑bedroom lower and 2‑bedroom upper apartments
- 1,782 square feet of total property area
- Upper apartment leased month‑to‑month at $650
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,096
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,920
$381.9K
Cap Rate 7%
$272,800
$272.8K
Cap Rate 9%
$212,178
$212.2K
Market Conditions
NOI Build-Up for 1,782 SF
Gross rent
$28.9K $16.20/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$27.3K $15.31/SF
− OpEx
−$8.2K −$4.59/SF
NOI
$19.1K $10.72/SF
Area
Milwaukee County, WI
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,920
Cap Rate 7%
$272,800
Cap Rate 9%
$212,178
Alternative Uses
Best Use
Multifamily LT 5
$272.8K
$238.7K – $318.3K
NOI $19,096 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$243.7K
$213.2K – $284.3K
NOI $17,059 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$422.6K
$369.8K – $493.0K
NOI $29,580 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
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Business Placement
Demographics for 53110, WI
18,204
Population
8,866
Households
2.1
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
4.8 sq mi
ZIP Area
3,793
Density / Sq Mi
$66,717
Median Household Income
$46,920
Median Earnings
$977
Median Rent
$201,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Milwaukee County, WI
Properties on Market for Duplexes in Milwaukee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer a three-bedroom lower residence and a two-bedroom upper residence.
Where is this duplex located?
The property is located at 3660 E Iona Ter Cudahy, WI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑family duplex with 3‑bedroom lower and 2‑bedroom upper apartments; 1,782 square feet of total property area; Upper apartment leased month‑to‑month at $650
