Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2164 36Th St Milwaukee, WI 53208

    • Residential income homes
    • 6,708 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-3322406
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brain Builders Preschool / Day Care Center / Preschool

    Property Details for 2164 36Th St

    Year built
    2004
    Property size
    6,708 SF
    Property type
    Residential income homes
    APN
    3481129000

    Description

    This exceptional investment opportunity consists of a five-unit, multifamily portfolio located in Milwaukee, Wisconsin. The portfolio comprises five single-family rental properties, each boasting approximately 1,342 square feet (totaling 6,708 square feet). Built in 2004, these Class C properties offer a blend of modern design and functionality, ensuring high tenant appeal and minimizing maintenance needs. The portfolio is currently generating a net operating income (NOI) of $73,600, resulting in a 9.95% capitalization rate. The asking price is $740,000. Each unit features either three bedrooms and one bathroom or three bedrooms and two bathrooms. The properties are situated in desirable locations within Milwaukee County, specifically within the RT4 zoning district. The portfolio's strong financial performance, coupled with its prime location and modern construction, presents a compelling investment opportunity for those seeking immediate cash flow and long-term appreciation. The portfolio's five buildings are two stories each, and the properties are situated on five separate parcels of land, with the APN for one property being 3481129000. This stabilized investment offers a turnkey solution for investors seeking a diversified and profitable real estate portfolio in a thriving urban market. The portfolio's consistent rental income and attractive investment metrics make it an ideal addition to any investor's portfolio. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio in a desirable Milwaukee location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9585015
    Latitude
    43.0589065

    Comparable in this City

    • $129,900
      3,066 SF

      Milwaukee Multi-Family Investment Opportunity

      Two homes on one lot, generating income with upside potential.
      1418 N 30Th St, Milwaukee, WI 53208
      View Details
    • $299,000
      0.03 Acres

      Milwaukee Mixed-Use Investment Opportunity

      Mixed-use property near Marquette University with immediate cash flow.
      958 N 27Th St, Milwaukee, WI 53208
      View Details
    • $119,000
      0.58 Acres

      Milwaukee Duplex with Cashflow Potential

      Jumbo duplex with income potential, ideal for investors or househacking.
      1912 N 27Th St, Milwaukee, WI 53208
      View Details
    • $284,500

      Milwaukee Duplex Investment Opportunity

      Duplex with renovated unit and income potential near Washington Heights.
      2023 N 47Th St, Milwaukee, WI 53208
      View Details
    • $119,900
      0.08 Acres

      Milwaukee Duplex Investment Opportunity

      Two-unit duplex in Milwaukee, Wisconsin, with rental income potential.
      1537 N 37Th St, Milwaukee, WI 53208
      View Details
    • $259,000
      1,518 SF

      Furnished Duplex in Washington Heights

      Fully furnished duplex in Washington Heights, ideal for rental income.
      2241 N 54Th St, Milwaukee, WI 53208
      View Details

    Similar Nearby for Sale

    • $129,900
      3,066 SF

      Milwaukee Multi-Family Investment Opportunity

      Two homes on one lot, generating income with upside potential.
      1418 N 30Th St, Milwaukee, WI 53208
      View Details
    • $299,000
      0.03 Acres

      Milwaukee Mixed-Use Investment Opportunity

      Mixed-use property near Marquette University with immediate cash flow.
      958 N 27Th St, Milwaukee, WI 53208
      View Details
    • $119,000
      0.58 Acres

      Milwaukee Duplex with Cashflow Potential

      Jumbo duplex with income potential, ideal for investors or househacking.
      1912 N 27Th St, Milwaukee, WI 53208
      View Details
    • $284,500

      Milwaukee Duplex Investment Opportunity

      Duplex with renovated unit and income potential near Washington Heights.
      2023 N 47Th St, Milwaukee, WI 53208
      View Details
    • $119,900
      0.08 Acres

      Milwaukee Duplex Investment Opportunity

      Two-unit duplex in Milwaukee, Wisconsin, with rental income potential.
      1537 N 37Th St, Milwaukee, WI 53208
      View Details
    • $259,000
      1,518 SF

      Furnished Duplex in Washington Heights

      Fully furnished duplex in Washington Heights, ideal for rental income.
      2241 N 54Th St, Milwaukee, WI 53208
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      5,000 SF

      Showroom or Office Space Available

      Versatile space suitable for showroom or office use.
      5061 W State St, Milwaukee, WI 53208
      View Details
    • $7 SF/Yr
      2,960 SF

      Industrial Space in Miller Valley

      Industrial space with overhead door and office in Milwaukee.
      4300 W Monarch Pl, Milwaukee, WI 53208
      View Details
    • $16 SF/Yr
      3,386 SF

      Professional Office/Medical Space For Rent

      Professional office/medical space with parking and signage opportunity.
      950 N 35Th St, Milwaukee, WI 53208
      View Details
    • $10 SF/Yr
      8,880 SF

      Menomonee Valley Flex Space Available

      Flexible office/industrial space in prime Menomonee Valley location.
      3880 W Wheelhouse Rd, Milwaukee, WI 53208
      View Details
    • $18 SF/Yr
      9,280 SF

      Retail Space Available For Lease

      9,280 square foot retail space available for lease.
      4320 S 27Th St, Milwaukee, WI 53208
      View Details
    • $6 SF/Yr
      14,484 SF

      Retail Space Available for Lease

      Retail property available for lease in Milwaukee, Wisconsin.
      930 N 27Th St, Milwaukee, WI 53208
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2164 36Th St
    Milwaukee, WI 53208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.