Duplex with Fenced
For Sale
$159,000
3800 N 24th Pl Unit 3802, Milwaukee, WI 53206
Two-unit property with a detached garage, extra storage, and outdoor space enclosed by fencing.
Property Size1,143 SF
Price / SF$139.11
Days on Market49
Property Features for 3800 N 24th Pl Unit 3802
General Information
Standard status
Active
Size
1,143 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Franklin Heights
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
fenced-in yard
storage space
Building Details
Year Built
1924
Listing Agency:
ACTS CDC
Listed By:
Jenean Shorter
(414) 737-5160
Source:
Jwregwi
Added: Sep 5
Changed: Oct 8
Last Checked: Oct 7 at 4:49PM
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 ACTS CDC
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Investment Insights
Based on property information with market context.
Built in 1924, this duplex contains 1,143 square feet and offers two separate residential units. Each unit includes comfortable living areas, well-sized bedrooms, and natural light. Exterior features include a large fenced yard, a two-car garage, and additional storage space.
The property is located at 3800 N 24th Pl Unit 3802 in Milwaukee, near shopping, schools, public transportation, and neighborhood amenities. Its two-unit layout supports owner occupancy with rental income from the second unit or continued use as a multifamily investment property.
The property is located at 3800 N 24th Pl Unit 3802 in Milwaukee, near shopping, schools, public transportation, and neighborhood amenities. Its two-unit layout supports owner occupancy with rental income from the second unit or continued use as a multifamily investment property.
Key Highlights
- Two‑unit duplex totaling 1,143 square feet
- Built in 1924
- Large fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,497
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,940
$229.9K
Cap Rate 7%
$164,243
$164.2K
Cap Rate 9%
$127,744
$127.7K
Market Conditions
NOI Build-Up for 1,143 SF
Gross rent
$17.1K $15.00/SF
− Vacancy
−$720 −$0.63/SF
EGI
$16.4K $14.37/SF
− OpEx
−$4.9K −$4.31/SF
NOI
$11.5K $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%
$229,940
Cap Rate 7%
$164,243
Cap Rate 9%
$127,744
Alternative Uses
Best Use
Multifamily LT 5
$164.2K
$143.7K – $191.6K
NOI $11,497 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$152.1K
$133.1K – $177.4K
NOI $10,646 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$274.7K
$240.3K – $320.5K
NOI $19,227 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
Demographics for 53206, WI
22,816
Population
10,077
Households
2.3
Avg Household Size
32
Median Age
7%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
8,450
Density / Sq Mi
$28,995
Median Household Income
$25,655
Median Earnings
$998
Median Rent
$70,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 a detached garage, extra storage, and outdoor space enclosed by fencing.
Where is this duplex located?
The property is located at 3800 N 24th Pl Unit 3802 Milwaukee, WI.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,143 square feet; Built in 1924; Large fenced yard
