Duplex with Partially Finished
For Sale
$414,900
3764 E College Ave, Cudahy, WI 53110
Updated units, generous room proportions, and a lower-level primary suite support comfortable occupancy and practical functionality.
Property Size2,707 SF
Price / SF$153.27
Days on Market17
Property Features for 3764 E College Ave
General Information
Standard status
Active
Size
2,707 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,408
Building Details
Buildings
1
Listing Agency:
First Weber Inc - Menomonee Falls
(262) 613-2150
Listed By:
Barbara Moran
(262) 613-2150
Source:
Exprealty
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 29 at 10:04PM
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 First Weber Inc - Menomonee Falls
Investment Insights
Based on property information with market context.
This 2,707-square-foot duplex is currently owner-occupied and offers updated units within a well-maintained residential property. The interior includes generous room sizes, a lower-level primary bedroom with an en-suite bathroom, and a partially finished basement that adds flexible living or storage space. The exterior is designed for low maintenance.
Located in Cudahy near Lake Michigan, the property presents a multifamily configuration suitable for continued owner occupancy or an investment strategy, as supported by the existing layout and improvements. Its combination of refreshed interiors, additional basement utility, and an en-suite primary bedroom creates a practical residential income property.
Located in Cudahy near Lake Michigan, the property presents a multifamily configuration suitable for continued owner occupancy or an investment strategy, as supported by the existing layout and improvements. Its combination of refreshed interiors, additional basement utility, and an en-suite primary bedroom creates a practical residential income property.
Key Highlights
- 2,707‑square‑foot duplex in Cudahy
- Updated units with generous room sizes
- Lower‑level primary bedroom with en‑suite bathroom
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
$29,009
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
6.99%
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%
$580,180
$580.2K
Cap Rate 7%
$414,414
$414.4K
Cap Rate 9%
$322,322
$322.3K
Market Conditions
NOI Build-Up for 2,707 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
$43.9K $16.20/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$41.4K $15.31/SF
− OpEx
−$12.4K −$4.59/SF
NOI
$29.0K $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 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%
$580,180
Cap Rate 7%
$414,414
Cap Rate 9%
$322,322
Alternative Uses
Best Use
Multifamily LT 5
$414.4K
$362.6K – $483.5K
NOI $29,009 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$370.2K
$323.9K – $431.9K
NOI $25,914 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$641.9K
$561.7K – $748.9K
NOI $44,935 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated units, generous room proportions, and a lower-level primary suite support comfortable occupancy and practical functionality.
Where is this duplex located?
The property is located at 3764 E College Ave Cudahy, WI.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: 2,707‑square‑foot duplex in Cudahy; Updated units with generous room sizes; Lower‑level primary bedroom with en‑suite bathroom
