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 Market55
Property Features for 3770 S 5th St
General Information
Standard status
Active
Size
1,417 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,627
Listing Agency:
Situs Appraisal Group
(414) 617-8697
Listed By:
Abraham Elizondo · License #93044-94
(414) 617-8697
Source:
Exprealty
Added: Jul 8
Changed: Aug 21
Last Checked: Aug 30 at 8:56PM
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
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 = 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
$14,254
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
4.83%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
