Duplex with Hardwood
For Sale
$294,900
3770 S 5th St, Milwaukee, WI 53207
Two-unit property with distinct layouts, in-unit laundry, and a den that may be converted into an additional bedroom.
Property Size1,417 SF
Price / SF$208.12
Days on Market68
Property Features for 3770 S 5th St
General Information
Standard status
Active
Size
1,417 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Listing Agency:
Situs Appraisal Group
Listed By:
Abraham Elizondo · License #93044-94
(414) 617-8697
Source:
Nikolicgroup
Added: Aug 10
Changed: Oct 10
Last Checked: Oct 7 at 1:16PM
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 Situs Appraisal Group
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Investment Insights
Based on property information with market context.
This 1,417 SF duplex offers two separate residential layouts across its lower and upper units. The lower residence includes hardwood flooring and a bright kitchen. Upstairs, an open-concept living and kitchen area is paired with one bedroom, one full bathroom, and a den that also serves as an in-unit laundry room.
The upper den provides flexibility for conversion into a second bedroom. Located at 3770 S 5th St in Milwaukee, WI, the property is suited to an owner-occupant or a buyer seeking a two-unit residential income property.
The upper den provides flexibility for conversion into a second bedroom. Located at 3770 S 5th St in Milwaukee, WI, the property is suited to an owner-occupant or a buyer seeking a two-unit residential income property.
Key Highlights
- 1,417 SF duplex at 3770 S 5th St, Milwaukee, WI
- Lower unit features hardwood floors and a bright kitchen
- Upper unit includes open‑concept living and kitchen space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,254
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,080
$285.1K
Cap Rate 7%
$203,629
$203.6K
Cap Rate 9%
$158,378
$158.4K
Market Conditions
NOI Build-Up for 1,417 SF
Gross rent
$21.3K $15.00/SF
− Vacancy
−$893 −$0.63/SF
EGI
$20.4K $14.37/SF
− OpEx
−$6.1K −$4.31/SF
NOI
$14.3K $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%
$285,080
Cap Rate 7%
$203,629
Cap Rate 9%
$158,378
Alternative Uses
Best Use
Multifamily LT 5
$203.6K
$178.2K – $237.6K
NOI $14,254 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$188.5K
$165.0K – $220.0K
NOI $13,198 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$340.5K
$298.0K – $397.3K
NOI $23,836 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
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Business Placement
Demographics for 53207, WI
34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with distinct layouts, in-unit laundry, and a den that may be converted into an additional bedroom.
Where is this duplex located?
The property is located at 3770 S 5th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: 1,417 SF duplex at 3770 S 5th St, Milwaukee, WI; Lower unit features hardwood floors and a bright kitchen; Upper unit includes open‑concept living and kitchen space
