Updated Triplex With New
620 W BURLEIGH Street, Milwaukee, WI 53212
For Sale
$299,900
Residential Income, MILWAUKEE, WI
Property Size2,842 SF
Lot Size0.83 Acres
Price / SF$105.52
Days on Market65
Property Features for 620 W BURLEIGH Street
General Information
Property type
Property subtype
Zoning
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Listing Agency:
Expert Real Estate Partners, LLC
(920) 903-1600
Listed By:
Diana Gamez
(920) 378-1916
Added: Sep 11
Changed: Nov 13
Last Checked: Nov 14 at 1:06AM
MLS# 50332570
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-unit residential property contains 2,842 square feet and was built in 1904. Recent improvements include new flooring, interior paint, wall updates, cabinetry, quartz countertops, interior doors, and refreshed bathrooms with walk-in showers. The property also has new water heaters and a new roof. Forced-air heating supports the building, while asphalt/other siding completes the exterior finish.
The 0.83-acre property is served by public water and public sewer and carries Multi-Family(3Units) zoning. Located in Milwaukee, the building offers a substantially updated configuration for continued residential income use.
The 0.83-acre property is served by public water and public sewer and carries Multi-Family(3Units) zoning. Located in Milwaukee, the building offers a substantially updated configuration for continued residential income use.
Key Highlights
- 2,842‑square‑foot triplex on a 0.83‑acre parcel
- Multi‑Family(3Units) zoning
- New roof and water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,470
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,400
$529.4K
Cap Rate 7%
$378,143
$378.1K
Cap Rate 9%
$294,111
$294.1K
Market Conditions
NOI Build-Up for 2,842 SF
Gross rent
$50.1K $17.64/SF
− Vacancy
−$2.0K −$0.71/SF
EGI
$48.1K $16.93/SF
− OpEx
−$21.7K −$7.62/SF
NOI
$26.5K $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%
$529,400
Cap Rate 7%
$378,143
Cap Rate 9%
$294,111
Alternative Uses
Best Use
Multifamily LT 5
$408.4K
$357.4K – $476.5K
NOI $28,588 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$378.1K
$330.9K – $441.2K
NOI $26,470 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$683.0K
$597.6K – $796.8K
NOI $47,807 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
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Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Milwaukee, WI
Properties on Market for Triplexes in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with refreshed interiors, modernized bathrooms, and public water and sewer service.
Where is this triplex located?
The property is located at 620 W BURLEIGH Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,842‑square‑foot triplex on a 0.83‑acre parcel; Multi‑Family(3Units) zoning; New roof and water heaters
