Updated Duplex with
For Sale
$369,900
3800 E Pulaski Ave, Cudahy, WI 53110
Two-unit property with refreshed kitchens and a detached garage for parking or storage.
Property Size2,944 SF
Price / SF$125.65
Days on Market17
Property Features for 3800 E Pulaski Ave
General Information
Standard status
Active
Size
2,944 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3-4BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1914
Listing Agency:
Berkshire Hathaway Homeservices Metro Realty
(920) 893-3001
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Aug 14
Changed: Aug 30
Last Checked: Aug 26 at 12:30PM
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 Berkshire Hathaway Homeservices Metro Realty
Investment Insights
Based on property information with market context.
This 2,944-square-foot duplex, built in 1914, contains two separate residential units with distinct layouts. The first unit includes 2 bedrooms and 1 bathroom, while the second provides 3 to 4 bedrooms and 1 bathroom. Both kitchens have been updated with newer cabinetry and substantial counter space.
A detached 2-car garage serves the property, offering secure parking or tenant storage. The property is situated near public transit, shopping, schools, and dining in Cudahy, Wisconsin.
A detached 2-car garage serves the property, offering secure parking or tenant storage. The property is situated near public transit, shopping, schools, and dining in Cudahy, Wisconsin.
Key Highlights
- 2,944‑square‑foot duplex built in 1914
- Unit 1 includes 2 bedrooms and 1 bathroom
- Unit 2 offers 3 to 4 bedrooms and 1 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
$31,549
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
8.53%
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%
$630,980
$631.0K
Cap Rate 7%
$450,700
$450.7K
Cap Rate 9%
$350,544
$350.5K
Market Conditions
NOI Build-Up for 2,944 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
$47.7K $16.20/SF
− Vacancy
−$2.6K −$0.89/SF
EGI
$45.1K $15.31/SF
− OpEx
−$13.5K −$4.59/SF
NOI
$31.5K $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%
$630,980
Cap Rate 7%
$450,700
Cap Rate 9%
$350,544
Alternative Uses
Best Use
Multifamily LT 5
$450.7K
$394.4K – $525.8K
NOI $31,549 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$402.6K
$352.3K – $469.7K
NOI $28,183 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$698.1K
$610.9K – $814.5K
NOI $48,869 @ 7.0% cap · market cap 13.21%
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
441
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 - Two-unit property with refreshed kitchens and a detached garage for parking or storage.
Where is this duplex located?
The property is located at 3800 E Pulaski Ave Cudahy, WI.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 2,944‑square‑foot duplex built in 1914; Unit 1 includes 2 bedrooms and 1 bathroom; Unit 2 offers 3 to 4 bedrooms and 1 bathroom
