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 Market11
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
(414) 858-5218
Listed By:
Patrick McGlinn · License #8541894
(414) 858-5218
Source:
Thebrokerlist
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 29 at 5:48AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,693
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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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
