Updated Two-Unit
For Sale
$199,900
3744 N 39th St, Milwaukee, WI 53216
Both residences feature refreshed kitchens, bathrooms, paint, and a mix of vinyl and hardwood flooring.
Property Size1,806 SF
Price / SF$110.69
Days on Market49
Property Features for 3744 N 39th St
General Information
Standard status
Active
Size
1,806 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Roosevelt Grove
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1929
Buildings
1
Listing Agency:
Lake Country Flat Fee
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 23 at 7:15AM
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 Lake Country Flat Fee
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Investment Insights
Based on property information with market context.
This two-unit duplex at 3744 N 39th St in Milwaukee, Wisconsin, contains 1,806 square feet and was built in 1929. Each residence offers 2 bedrooms and 1 bathroom, with updated interiors that include refreshed kitchens and cabinets, renovated bathrooms, new paint, and a combination of vinyl and hardwood flooring.
The property is located in Milwaukee’s Roosevelt Grove neighborhood. Its two-residence layout and unit-level improvements support both owner-occupant and investment use, as stated in the property information.
The property is located in Milwaukee’s Roosevelt Grove neighborhood. Its two-residence layout and unit-level improvements support both owner-occupant and investment use, as stated in the property information.
Key Highlights
- Two‑unit duplex with 1,806 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Updated kitchens, cabinets, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,167
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,340
$363.3K
Cap Rate 7%
$259,529
$259.5K
Cap Rate 9%
$201,856
$201.9K
Market Conditions
NOI Build-Up for 1,806 SF
Gross rent
$27.1K $15.00/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$26.0K $14.37/SF
− OpEx
−$7.8K −$4.31/SF
NOI
$18.2K $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%
$363,340
Cap Rate 7%
$259,529
Cap Rate 9%
$201,856
Alternative Uses
Best Use
Multifamily LT 5
$259.5K
$227.1K – $302.8K
NOI $18,167 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$240.3K
$210.3K – $280.4K
NOI $16,821 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$434.0K
$379.8K – $506.3K
NOI $30,380 @ 7.0% cap · market cap 15.20%
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
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 53216, WI
30,109
Population
13,556
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
4.6 sq mi
ZIP Area
6,545
Density / Sq Mi
$43,466
Median Household Income
$34,823
Median Earnings
$970
Median Rent
$122,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature refreshed kitchens, bathrooms, paint, and a mix of vinyl and hardwood flooring.
Where is this duplex located?
The property is located at 3744 N 39th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,806 square feet; Each unit includes 2 bedrooms and 1 bathroom; Updated kitchens, cabinets, and bathrooms
