$329,999

9 Beds 3 Baths 3,200 Sqft

507 N 31st Street #509, Milwaukee, WI 53208

Property Type: Multi-Family
Building Type: 2 Story,Duplex,In-Law/Guest Quarter
Time on Market: 27 days
Price per Sqft: $103
Garage: Y
Total Taxes: $3,163
Est. Age: 21+ Years

Description

Welcome to your brand new dream home, or next turnkey investment money maker! This 3/6 fully renovated vacant duplex with over 12 cap rate is what you've been waiting for! This property is massive in size, will command over $4,000 monthly in gross rent, & is a CASH COW! Also features two units with an extra in-laws suite in attic, that could also be rented, has tons of charm.You will fall in love with the tall ceilings, stainless steel appliances, new kitchens, bathrooms, new furnaces, new central air units, new foundation & exterior just to name a few (see attached seller updates document).Plenty of parking in the back as well as on the street. Located just blocks away from Marquette University High School, & minutes away from both Miller Park & Downtown Milwaukee.

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 3 1 0 1100
Unit 2 6 2 0 —

Property Details

Interior

Basement:
  • Brick, Full, Poured Concrete
Baths:
  • Full Baths: 3
Sqft:
  • Total Sqft: 3,200
  • Lot Sqft Source: Assessor/Public Record
  • Estimated Sqft Range: 1001-1250

Exterior

Acreage:
  • Range: 0.0 to .499
  • Source: Assessor/Public Record
Exterior:
  • Brick/Stone, Brick, Vinyl
Garage:
  • Details: Attached
Water:
  • Waterfront: N
Water/Waste:
  • Municipal Sewer, Municipal Water

Misc.

New Construction:
  • N
Postal:
  • Code: 53208
  • Zip+4: 4054
Street:
  • Direction Prefix: N
  • Name: 31st STREET
  • Suffix: STREET
  • Unit Number: 509
Tax Year:
  • 2025
Utilities:
  • Details: 2 Gas Meters
Zoning:
  • RT4

Map

Listing Agent-Provided Directions:
  • At the intersection of 31st and Clybourn. Just north of Clybourn.

Monthly Payment Calculator

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Schools and Neighborhood

School District:
  • Milwaukee
Postal City:
  • Milwaukee
Municipality:
  • Name: MILWAUKEE
  • Type: City
County:
  • MILWAUKEE

Market Comparison

How this property compares to local market averages — calculated 7/1/2026

This Property
Milwaukee Multi Family Home Avg
Milwaukee County Multi Family Home Avg
List Price
$329,999
$279,494
$299,770
Median Price
—
$223,000
$249,900
Price / Sq Ft
$103
$109
$119
Days on Market
27 days
52 days
50 days
Total Listings
—
439
510

Listing Information

  • Time on Market: 27 days
  • Place Perfect Last Updated: 2026-06-24 20:24:51
  • MLS Number: 1965186
  • Subsystem Locale: WIREX_METRO
  • Listing Office: First Weber Inc - Brookfield
  • Listing Agent: Leigh Jackson

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This information is provided by WIREX via the REALTORS Association of Northeast Wisconsin multiple listing service and is exclusively for consumers’ personal, non-commercial use. Information is deemed reliable but not guaranteed.

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