Duplex with Fenced
3777-3775 S 87th Street, Milwaukee, WI 53228
For Sale
$399,900
Both residences are vacant, with refreshed interiors and an enclosed yard.
Property Size2,000 SF
Price / SF$199.95
Days on Market9
Property Features for 3777-3775 S 87th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fenced yard
Listing Agency:
Green Earth Realty
Listed By:
Dawson Addis · License WI #9515994
(262) 424-1899
Source:
Exprealty
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 2:45PM
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 Green Earth Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot duplex in Milwaukee has two vacant residences. Interior updates include fresh paint, new flooring, and other improvements. A fenced yard adds outdoor space, and the property occupies a corner lot at 3777-3775 S 87th Street.
Key Highlights
- Both residences are vacant
- 2,000 square feet of duplex space
- Corner‑lot location at 3777‑3775 S 87th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,118
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,360
$402.4K
Cap Rate 7%
$287,400
$287.4K
Cap Rate 9%
$223,533
$223.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$30.0K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$28.7K $14.37/SF
− OpEx
−$8.6K −$4.31/SF
NOI
$20.1K $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%
$402,360
Cap Rate 7%
$287,400
Cap Rate 9%
$223,533
Alternative Uses
Best Use
Multifamily LT 5
$287.4K
$251.5K – $335.3K
NOI $20,118 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$266.1K
$232.9K – $310.5K
NOI $18,628 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$480.6K
$420.5K – $560.7K
NOI $33,643 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 53228, WI
15,341
Population
7,180
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
2,950
Density / Sq Mi
$75,288
Median Household Income
$54,006
Median Earnings
$1,220
Median Rent
$254,700
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Milwaukee, WI
Properties on Market for Duplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, with refreshed interiors and an enclosed yard.
Where is this duplex located?
The property is located at 3777-3775 S 87th Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Both residences are vacant; 2,000 square feet of duplex space; Corner‑lot location at 3777‑3775 S 87th Street
