Duplex with Off-Street
For Sale
$224,900
3934 N 61st St, Milwaukee, WI 53216
Two residential units offer functional kitchens, generous bedrooms, outdoor space, and convenient access to everyday amenities.
Property Size1,128 SF
Price / SF$199.38
Days on Market76
Property Features for 3934 N 61st St
General Information
Standard status
Active
Size
1,128 SF
Property subtype
Multi-Family
Building Details
Year Built
1956
Listing Agency:
Trelora Realty, Inc.
Listed By:
Christopher Stjernholm · License #6005490
(720) 386-7609
Source:
Levelupwi
Added: Aug 2
Changed: Oct 5
Last Checked: Oct 7 at 4:02PM
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 Trelora Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1956, this duplex at 3934-3936 N 61st St comprises 1,128 SF and includes two residential units with practical floor plans. Each unit features comfortable living areas, spacious bedrooms, and a functional kitchen. Large windows bring natural light into the interiors, while outdoor space supports gardening, relaxation, or entertaining. Off-street parking is also available.
The property is situated in Milwaukee near schools, parks, shopping, dining, public transportation, and major commuter routes. Its two-unit configuration provides flexibility for an owner-occupant or a rental-income strategy, as supported by the existing residential layout.
The property is situated in Milwaukee near schools, parks, shopping, dining, public transportation, and major commuter routes. Its two-unit configuration provides flexibility for an owner-occupant or a rental-income strategy, as supported by the existing residential layout.
Key Highlights
- Two‑unit duplex configuration at 3934‑3936 N 61st St
- 1,128 SF property built in 1956
- Each unit includes living space, bedrooms, and a functional kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,347
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,940
$226.9K
Cap Rate 7%
$162,100
$162.1K
Cap Rate 9%
$126,078
$126.1K
Market Conditions
NOI Build-Up for 1,128 SF
Gross rent
$16.9K $15.00/SF
− Vacancy
−$711 −$0.63/SF
EGI
$16.2K $14.37/SF
− OpEx
−$4.9K −$4.31/SF
NOI
$11.3K $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%
$226,940
Cap Rate 7%
$162,100
Cap Rate 9%
$126,078
Alternative Uses
Best Use
Multifamily LT 5
$162.1K
$141.8K – $189.1K
NOI $11,347 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$150.1K
$131.3K – $175.1K
NOI $10,506 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$271.1K
$237.2K – $316.3K
NOI $18,975 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
Demographics for 53216, WI
30,109
Population
13,556
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
4.6 sq mi
ZIP Area
6,545
Density / Sq Mi
$43,466
Median Household Income
$34,823
Median Earnings
$970
Median Rent
$122,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer functional kitchens, generous bedrooms, outdoor space, and convenient access to everyday amenities.
Where is this duplex located?
The property is located at 3934 N 61st St Milwaukee, WI.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two‑unit duplex configuration at 3934‑3936 N 61st St; 1,128 SF property built in 1956; Each unit includes living space, bedrooms, and a functional kitchen
