Updated Duplex with Fenced
For Sale
$159,900
3922 N 19th Pl, Milwaukee, WI 53206
Fully leased duplex with renovated kitchens, refreshed bathrooms, basement storage, and rear parking.
Property Size1,528 SF
Price / SF$104.65
Days on Market49
Property Features for 3922 N 19th Pl
General Information
Standard status
Active
Size
1,528 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$33,600
Multifamily Units
2
Amenities
fenced yard
basement
security block windows
Building Details
Year Built
1913
Buildings
1
Listing Agency:
Realty Experts
Listed By:
Richard Barnes
(414) 899-8146
Source:
Nikolicgroup
Added: Sep 1
Changed: Oct 12
Last Checked: Oct 7 at 4:43PM
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 Realty Experts
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Investment Insights
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This fully leased duplex includes two residential units with refreshed interiors and separate kitchens. Improvements include new kitchen cabinets, countertops, sinks, flooring, fixtures, stoves, refrigerators, and microwaves, along with updated bathroom toilets, sinks, flooring, and fixtures. New blinds have been installed throughout, and both units feature fresh paint. The property also includes a basement, security block windows, a fenced yard, and three rear parking spaces.
The lower unit has a foyer, three bedrooms, and an updated kitchen. The upper unit includes a kitchen with new flooring and fixtures, a walk-in pantry, and an eat-in area. The lower unit has a one-year lease, while the upper unit is occupied month-to-month with an option for a one-year lease.
The lower unit has a foyer, three bedrooms, and an updated kitchen. The upper unit includes a kitchen with new flooring and fixtures, a walk-in pantry, and an eat-in area. The lower unit has a one-year lease, while the upper unit is occupied month-to-month with an option for a one-year lease.
Key Highlights
- Fully leased duplex at 3922 N 19th Place, Milwaukee, WI 53206
- Three rear parking spaces and a fenced yard
- Renovated kitchens with new cabinets, appliances, flooring, sinks, countertops, and fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,232
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,640
$284.6K
Cap Rate 7%
$203,314
$203.3K
Cap Rate 9%
$158,133
$158.1K
Market Conditions
NOI Build-Up for 1,528 SF
Gross rent
$27.0K $17.64/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$25.9K $16.93/SF
− OpEx
−$11.6K −$7.62/SF
NOI
$14.2K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,640
Cap Rate 7%
$203,314
Cap Rate 9%
$158,133
Alternative Uses
Best Use
Multifamily LT 5
$219.6K
$192.1K – $256.2K
NOI $15,370 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$203.3K
$177.9K – $237.2K
NOI $14,232 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$367.2K
$321.3K – $428.4K
NOI $25,703 @ 7.0% cap · market cap 16.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
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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 - Fully leased duplex with renovated kitchens, refreshed bathrooms, basement storage, and rear parking.
Where is this duplex located?
The property is located at 3922 N 19th Pl Milwaukee, WI.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Fully leased duplex at 3922 N 19th Place, Milwaukee, WI 53206; Three rear parking spaces and a fenced yard; Renovated kitchens with new cabinets, appliances, flooring, sinks, countertops, and fixtures
