4-Unit
For Sale
$350,000
3746 W Sarnow St, Milwaukee, WI 53208
Residential income property near public transportation, everyday shops, and Washington Park.
Property Size2,256 SF
Days on Market57
Property Features for 3746 W Sarnow St
General Information
Standard status
Active
Size
2,256 SF
Property subtype
MultiFamily Apartments
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Building Size
2,256 SF
Year Built
1915
Listing Agency:
Anderson Commercial Group
Listed By:
Patrick McGlinn · License #8541894
(414) 858-5218
Source:
Thebrokerlist
Added: Aug 20
Changed: Sep 14
Last Checked: Oct 14 at 7:38PM
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 Anderson Commercial Group
Investment Insights
Based on property information with market context.
Built in 1915, this Milwaukee quadplex contains four rentable residential units. The property is positioned near public transportation and everyday shops, providing convenient access to routine services and transit options.
The building is located just north of Miller Valley and less than one block from Washington Park and Urban Ecology. Its four-unit configuration offers a defined residential income-property format in an established Milwaukee setting.
The building is located just north of Miller Valley and less than one block from Washington Park and Urban Ecology. Its four-unit configuration offers a defined residential income-property format in an established Milwaukee setting.
Key Highlights
- Four rentable residential units
- Built in 1915
- Near public transportation and everyday shops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,693
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,860
$453.9K
Cap Rate 7%
$324,186
$324.2K
Cap Rate 9%
$252,144
$252.1K
Market Conditions
NOI Build-Up for 2,256 SF
Gross rent
$33.8K $15.00/SF
− Vacancy
−$1.4K −$0.63/SF
EGI
$32.4K $14.37/SF
− OpEx
−$9.7K −$4.31/SF
NOI
$22.7K $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%
$453,860
Cap Rate 7%
$324,186
Cap Rate 9%
$252,144
Alternative Uses
Best Use
Multifamily LT 5
$324.2K
$283.7K – $378.2K
NOI $22,693 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$300.2K
$262.7K – $350.2K
NOI $21,012 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$542.1K
$474.4K – $632.5K
NOI $37,950 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
Explore this area
Business Placement
Demographics for 53208, WI
29,644
Population
13,778
Households
2.2
Avg Household Size
33
Median Age
31%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
7,058
Density / Sq Mi
$50,585
Median Household Income
$40,729
Median Earnings
$924
Median Rent
$196,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property near public transportation, everyday shops, and Washington Park.
Where is this quadplex located?
The property is located at 3746 W Sarnow St Milwaukee, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four rentable residential units; Built in 1915; Near public transportation and everyday shops
