Classic Duplex with Sunroom Flex
3815 North Farwell Avenue Unit 3817 Shorewood, WI 53211
3815 North Farwell Avenue Unit 3817, Shorewood, WI, 53211
$625,000
For Sale
$625,000
Each unit offers a light-filled open living/dining area, kitchens with sunroom-office or flex space, plus a landscaped backyard patio.
Property Size2,649 SF
Price / SF$235.94
Days on Market40
Property Features for 3815 North Farwell Avenue Unit 3817
General Information
- Standard status
- Active
- Size
- 2,649 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1925
Listing Agency
Keller Williams Realty-Milwauk
(414) 962-3605
Listed by
Elsafy Team* · License #50874-90
Source
Compass
Added: Jun 8 Checked: Jul 17 at 3:05 am
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 Keller Williams Realty-Milwauk
Investment Insights
Based on property information with market context.
This classic duplex features inviting, light-filled open living and dining spaces with original style wood details, along with intact leaded and stained-glass elements. Each unit includes well-kept kitchens that open to a sunroom-office and an additional third bedroom or flexible space. The layout on each floor also includes two bedrooms and a classic black-and-white bathroom. A walk-up attic provides additional potential, and both units connect to outdoor space through a landscaped backyard with patio, grass, and gardens.
The property also includes a two-car garage and two additional parking pads at the rear. Nearby are Atwater Beach and Shorewood shops and restaurants.
Overall, the building is configured as two self-contained living floors, with room to expand via the walk-up attic and multiple options for flexible indoor use through the sunroom-office and third-bedroom/flex areas.
The property also includes a two-car garage and two additional parking pads at the rear. Nearby are Atwater Beach and Shorewood shops and restaurants.
Overall, the building is configured as two self-contained living floors, with room to expand via the walk-up attic and multiple options for flexible indoor use through the sunroom-office and third-bedroom/flex areas.
Key Highlights
- Two‑unit home with 2 bedrooms and 1 full bath per unit
- 6 rooms per unit, totaling about 2,649 SF
- Built in 1925 with wood construction and a full, block basement
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.9k | $16.20 |
| − Vacancy | −$2.4k | −$0.89 |
| EGI | $40.6k | $15.31 |
| − OpEx | −$12.2k | −$4.59 |
| NOI | $28.4k | $10.72 |
2,649 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$405.5K
$354.8K – $473.1K
NOI $28,387 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$362.3K
$317.0K – $422.7K
NOI $25,359 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$628.2K
$549.7K – $732.9K
NOI $43,972 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each unit offers a light-filled open living/dining area, kitchens with sunroom-office or flex space, plus a landscaped backyard patio.
Where is this duplex located?
The property is located at 3815 North Farwell Avenue Unit 3817 Shorewood, WI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit home with 2 bedrooms and 1 full bath per unit; 6 rooms per unit, totaling about 2,649 SF; Built in 1925 with wood construction and a full, block basement
