All-Brick Triplex with Attached
For Sale
$525,000
4703 W Jackson Park Dr, Milwaukee, WI 53219
Three residential units include a three-bedroom lower apartment and two one-bedroom upper apartments.
Property Size3,135 SF
Days on Market104
Property Features for 4703 W Jackson Park Dr
General Information
Standard status
Active
Size
3,135 SF
Total Parking Spaces
3
Property subtype
Multi Family Home
Units
Unit Mix
1 x 3BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Building Details
Building Size
3,135 SF
Year Built
1947
Construction
brick
Listing Agency:
Compass RE WI-Northshore
(414) 232-7276
Listed By:
The Collaboration Group* · License #BK3153120
(414) 232-7276
Source:
Therealtycompanyllc
Added: May 19
Changed: Aug 29
Last Checked: Aug 29 at 4:12PM
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 Compass RE WI-Northshore
Investment Insights
Based on property information with market context.
Built in 1947, this three-family residential property presents a traditional all-brick exterior on a corner lot with mature trees. The lower apartment offers 3 bedrooms and 1 full bath, while the upper level contains two separate 1-bedroom, 1-bath apartments with efficient layouts and natural light. A 3-car attached garage provides dedicated parking and storage for the property.
The building is located in Milwaukee’s Jackson Park neighborhood at 4703 W Jackson Park Dr. Its unit mix combines one larger apartment with two compact upper residences, creating a straightforward triplex configuration for an owner-occupant or multifamily operator.
The building is located in Milwaukee’s Jackson Park neighborhood at 4703 W Jackson Park Dr. Its unit mix combines one larger apartment with two compact upper residences, creating a straightforward triplex configuration for an owner-occupant or multifamily operator.
Key Highlights
- Three‑family property built in 1947
- Lower apartment with 3 bedrooms and 1 full bath
- Two upper apartments, each with 1 bedroom and 1 bath
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
$31,436
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
5.99%
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%
$628,720
$628.7K
Cap Rate 7%
$449,086
$449.1K
Cap Rate 9%
$349,289
$349.3K
Market Conditions
NOI Build-Up for 3,135 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
$47.0K $15.00/SF
− Vacancy
−$2.1K −$0.68/SF
EGI
$44.9K $14.33/SF
− OpEx
−$13.5K −$4.30/SF
NOI
$31.4K $10.03/SF
Area
ZIP 53219
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$628,720
Cap Rate 7%
$449,086
Cap Rate 9%
$349,289
Alternative Uses
Best Use
Multifamily LT 5
$449.1K
$393.0K – $523.9K
NOI $31,436 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$402.1K
$351.8K – $469.1K
NOI $28,147 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$753.4K
$659.2K – $878.9K
NOI $52,736 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 53219, WI
34,925
Population
15,661
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
90%
High-School Grad
5.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$70,998
Median Household Income
$43,223
Median Earnings
$971
Median Rent
$190,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include a three-bedroom lower apartment and two one-bedroom upper apartments.
Where is this triplex located?
The property is located at 4703 W Jackson Park Dr Milwaukee, WI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three‑family property built in 1947; Lower apartment with 3 bedrooms and 1 full bath; Two upper apartments, each with 1 bedroom and 1 bath
