Mixed-Use Property with
For Sale
$205,000
3925 W North AVENUE, Milwaukee, WI 53208
Two-level layout combines an upstairs two-bedroom apartment with flexible commercial space below.
Property Size1,920 SF
Price / SF$106.77
Days on Market158
Property Features for 3925 W North AVENUE
General Information
Standard status
Active
Size
1,920 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$2,836
Amenities
3
LB2
3 Parking Spaces.
0.0 to .499
Building Details
Year Built
1909
Listing Agency:
Prolific Realty Group
(414) 399-1114
Listed By:
Tiffany Moore
(414) 399-1114
Source:
Xome
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 30 at 7:01AM
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 Prolific Realty Group
Investment Insights
Based on property information with market context.
This mixed-use property at 3925 W North Avenue includes an upper-level two-bedroom apartment that requires renovation and may support attic expansion. The lower level was formerly configured as a bar and provides adaptable commercial space for a restaurant, salon, retail shop, daycare, or another business use. The 1,920 SF structure features a stone facade, vinyl siding, vinyl and glass block windows, and a newer roof. Building systems include separate electrical services, updated electrical and plumbing, a new furnace, and a new water heater.
The property occupies a double lot and includes off-street parking for 3–4 vehicles. It is being offered as-is, with cash or hard money offers preferred. Located in Milwaukee at 3925 W North Avenue, the property combines residential and commercial components within a single building.
The property occupies a double lot and includes off-street parking for 3–4 vehicles. It is being offered as-is, with cash or hard money offers preferred. Located in Milwaukee at 3925 W North Avenue, the property combines residential and commercial components within a single building.
Key Highlights
- Two‑bedroom upper apartment requiring renovation
- Lower level formerly used as a bar with restaurant, salon, retail, or daycare potential
- 1,920 SF structure on a double lot
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
$17,883
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
8.72%
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%
$357,660
$357.7K
Cap Rate 7%
$255,471
$255.5K
Cap Rate 9%
$198,700
$198.7K
Market Conditions
NOI Build-Up for 1,920 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
$33.9K $17.64/SF
− Vacancy
−$1.4K −$0.71/SF
EGI
$32.5K $16.93/SF
− OpEx
−$14.6K −$7.62/SF
NOI
$17.9K $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 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%
$357,660
Cap Rate 7%
$255,471
Cap Rate 9%
$198,700
Alternative Uses
Best Use
Mixed Use
$334.9K
$293.0K – $390.7K
NOI $23,443 @ 7.0% cap · market cap 11.44%
Second Best
Retail
$287.7K
$251.8K – $335.7K
NOI $20,140 @ 7.0% cap · market cap 9.82%
Theoretical Best
Office A
$461.4K
$403.7K – $538.3K
NOI $32,297 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 53208, WI
29,644
Population
13,778
Households
2.2
Avg Household Size
33
Median Age
31%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
7,058
Density / Sq Mi
$50,585
Median Household Income
$40,729
Median Earnings
$924
Median Rent
$196,300
Median Home Value
Market
Vacancy Rate% for Retail in Milwaukee, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level layout combines an upstairs two-bedroom apartment with flexible commercial space below.
Where is this mixed-use property located?
The property is located at 3925 W North AVENUE Milwaukee, WI.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two‑bedroom upper apartment requiring renovation; Lower level formerly used as a bar with restaurant, salon, retail, or daycare potential; 1,920 SF structure on a double lot
