Income-Generating Duplex with
3971 North 98th Street Unit 3973 Milwaukee, WI 53222
3971 North 98th Street Unit 3973, Milwaukee, WI, 53222
$334,900
For Sale
$334,900
Duplex with two large 3-bedroom units, updated 2025 furnaces and water heaters, plus detached garage and private yard.
Property Size2,052 SF
Price / SF$163.21
Days on Market69
Property Features for 3971 North 98th Street Unit 3973
General Information
- Standard status
- Active
- Size
- 2,052 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1956
Listing agency
M3 Realty
(414) 350-4770
Listed by
Gail A Braatz · License #46996-94
(414) 350-4770
Source
Compass
Added: May 14 Updated: Jul 21 at 11:45AM Checked: Jul 21 at 11:45AM
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 M3 Realty
Investment Insights
Based on property information with market context.
This spacious income-producing duplex features two large 3-bedroom units arranged both up and down. The layout provides generous living space in each unit. Major mechanical updates include new furnaces and water heaters installed in 2025.
The property also includes a detached garage and a private yard, offering practical outdoor space for residents.
With two separate 3-bedroom apartments, the building provides flexibility for investors and owner-occupants who want to live in one unit while renting the other.
The property also includes a detached garage and a private yard, offering practical outdoor space for residents.
With two separate 3-bedroom apartments, the building provides flexibility for investors and owner-occupants who want to live in one unit while renting the other.
Key Highlights
- Duplex with two large 3‑bedroom units (one up, one down), offering flexible owner‑occupant or investor use
- Estimated total living area: 2,052 SF; each unit has 1 full bath and 6 rooms
- Major mechanical updates in 2025: new furnaces and water heaters
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 | $30.8k | $15.00 |
| − Vacancy | −$1.3k | −$0.63 |
| EGI | $29.5k | $14.37 |
| − OpEx | −$8.8k | −$4.31 |
| NOI | $20.6k | $10.06 |
2,052 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.9K
$258.0K – $344.0K
NOI $20,641 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$273.0K
$238.9K – $318.5K
NOI $19,112 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$493.1K
$431.5K – $575.3K
NOI $34,518 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two large 3-bedroom units, updated 2025 furnaces and water heaters, plus detached garage and private yard.
Where is this duplex located?
The property is located at 3971 North 98th Street Unit 3973 Milwaukee, WI.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Duplex with two large 3‑bedroom units (one up, one down), offering flexible owner‑occupant or investor use; Estimated total living area: 2,052 SF; each unit has 1 full bath and 6 rooms; Major mechanical updates in 2025: new furnaces and water heaters
