3717 N Port Washington Ave #3719 · Milwaukee, WI 53212

$159,900

4 bd · 2.0 ba · 2,372 sqft · MultiFamily · 70 Days on market

Built 1927 Average condition 4,791 sqft lot $67/sqft · 36% above area Est $117k · 36% over ↓ 3% since listing

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.8/5.0
• Schools +1.2/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

You're next investment property is here! This ALL brick two family duplex shines with natural woodwork throughout. Each unit features a large dining room that flows perfectly into the living room. Both kitchens are spacious with an incredible walk in pantry area. These Units have two bedrooms with a centrally located bathroom that completes the layout. Alley way entrance for privacy with a 2 car detached garage. These long term tenants have truly taken care of this property and are proud to call it home! Roof is approx. 10 years old, both furnaces are 2017, and water heaters are 06 & 15. Check this investment out today, you don't want to miss out on this!

Key facts

• Natural woodwork
• Large dining room
• Spacious kitchens

Tags

• BRICK TWO FAMILY DUPLEX
• NATURAL WOODWORK
• LARGE DINING ROOM
• SPACIOUS KITCHENS
• WALK IN PANTRY
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $160k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $650 ($8k/yr) — positive. Per door: $325/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $150k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 5.1% in Milwaukee — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#55 in WI, #1,534 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D+, schools F, crime F.
• Milwaukee School District (urban): math 10% / reading 18% proficiency, ranked #337 of 342 in WI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.0%/yr); 129 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• At $2,221/mo this rent would consume 56% of the median local household income ($47k/yr) (locally 2397% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Milwaukee County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 5.0% rent growth), your $45k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($150k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.39% ✓
• Cap rate: 11.17%
• Cash-on-cash: 17.41%
• DSCR: 1.77
• GRM: 6.0

CMA / ARV

• ARV (median comp): $117,150
• List price: $159,900
• Delta: 36.49%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3341 N 3rd St #3343	0.36mi	4/2.0	2,292 (-3%)	4mo	$109,000	$48	74
3906 N 6th St #3908	0.29mi	4/2.0	2,223 (-6%)	4mo	$134,900	$61	73
3615 N 13th St	0.50mi	4/2.0	2,326 (-2%)	1mo	$90,000	$39	73
3613 N 11th St	0.38mi	4/2.0	2,197 (-7%)	6mo	$35,000	$16	66
3730 N 11th St #3732	0.35mi	5/2.0 (+1)	2,210 (-7%)	6mo	$149,000	$67	63
3419 N 15th St #3421	0.68mi	4/2.0	2,416 (+2%)	6mo	$201,500	$83	60
3701 N 14th St #3703	0.57mi	4/2.0	2,174 (-8%)	4mo	$90,000	$41	56
608 W Burleigh St #610	0.65mi	4/2.0	2,174 (-8%)	3mo	$112,000	$52	54
3748 N 17th St	0.73mi	4/2.0	2,161 (-9%)	2mo	$80,000	$37	50
3258 N 12th St #3260	0.61mi	4/2.0	2,086 (-12%)	3mo	$51,000	$24	49
3283 N 14th St #3285	0.69mi	4/2.0	2,044 (-14%)	2mo	$80,000	$39	43
4071 N 12th St Unit 4071A	0.63mi	3/2.0 (-1)	2,045 (-14%)	1mo	$110,000	$54	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.0% rent growth · sell at horizon

5-year hold

• IRR: 11.0%
• Equity multiple: 1.45×
• Total profit: $20,052
• Equity at exit: $23,842

10-year hold

• IRR: 21.6%
• Equity multiple: 3.02×
• Total profit: $90,355
• Equity at exit: $13,825

Cash invested: $44,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Wisconsin: 73 Landlord-Friendly · R+2
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; Madison / Milwaukee have some local enforcement.

Methodology + full state rankings →

ZIP-level market 53212

• Rents YoY: 5.0%
• Active inventory: 129
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $2,221 high
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,398/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$466
• Net cashflow: $650

Break-even live

Break-even rent $1,399

Max offer price $159,900

Occupancy floor 66%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,220
Total (2 units)			$2,221

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3420-22 N Vel R Phillips Ave Milwaukee, WI	3.0	1.0	2756	$1,195	$0.43	43d	1	0.26mi
3420 N Vel R. Phillips Ave Unit 3422 Milwaukee, WI	3.0	1.0	2756	$1,195	$0.43	43d	1	0.27mi
3042 N Palmer St #5 Milwaukee, WI	3.0	1.0	1718	$1,050	$0.61	23d	1	0.83mi
2116 W Atkinson Ave Unit A Milwaukee, WI	4.0	1.0	1707	$2,000	$1.17	1d	1	1.18mi
2634 N Doctor M.L.K. Jr Dr Milwaukee, WI	5.0	2.5	2512	$3,700	$1.47	43d	1	1.23mi

Listing history 16 events

1. 2026-06-18
   days on market $159,900 Active 70 DOM
2. 2026-06-17
   days on market $159,900 Active 69 DOM
3. 2026-06-16
   days on market $159,900 Active 68 DOM
4. 2026-06-15
   days on market $159,900 Active 67 DOM
5. 2026-06-13
   days on market $159,900 Active 65 DOM
6. 2026-06-13
   days on market $159,900 Active 64 DOM
7. 2026-06-09
   days on market $159,900 Active 61 DOM
8. 2026-06-08
   days on market $159,900 Active 60 DOM
9. 2026-06-07
   days on market $159,900 Active 59 DOM
10. 2026-06-05
    days on market $159,900 Active 56 DOM
11. 2026-06-03
    days on market $159,900 Active 55 DOM
12. 2026-06-02
    days on market $159,900 Active 54 DOM
13. 2026-06-01
    days on market $159,900 Active 53 DOM
14. 2026-05-31
    days on market $159,900 Active 52 DOM
15. 2026-05-07
    price $164,900 667-char remark

    Show marketing remark (667 chars)

    You're next investment property is here! This ALL brick two family duplex shines with natural woodwork throughout. Each unit features a large dining room that flows perfectly into the living room. Both kitchens are spacious with an incredible walk in pantry area. These Units have two bedrooms with a centrally located bathroom that completes the layout. Alley way entrance for privacy with a 2 car detached garage. These long term tenants have truly taken care of this property and are proud to call it home! Roof is approx. 10 years old, both furnaces are 2017, and water heaters are 06 & 15. Check this investment out today, you don't want to miss out on this!

16. 2026-04-09
    listed $169,900 Active 667-char remark

    Show marketing remark (667 chars)

    You're next investment property is here! This ALL brick two family duplex shines with natural woodwork throughout. Each unit features a large dining room that flows perfectly into the living room. Both kitchens are spacious with an incredible walk in pantry area. These Units have two bedrooms with a centrally located bathroom that completes the layout. Alley way entrance for privacy with a 2 car detached garage. These long term tenants have truly taken care of this property and are proud to call it home! Roof is approx. 10 years old, both furnaces are 2017, and water heaters are 06 & 15. Check this investment out today, you don't want to miss out on this!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,652
• − Mortgage interest: −$8,957
• − Property taxes: −$2,398
• − Insurance: −$800
• − Repairs & maintenance: −$2,132
• − Management: −$2,132
• − Depreciation: −$4,652
• Taxable income: $5,581
• Est. tax owed @ 24.0%: −$1,339
• After-tax cash flow: $6,455/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Average 55/100 Moderate rehab

This two-family duplex requires moderate renovations to enhance its curb appeal and interior condition, with a focus on painting, updating countertops, and landscaping. These improvements would significantly boost its resale and rental value.

Repairs flagged

• Minor Kitchen countertops — Worn appearance suggests minor repairs needed.
• Minor Bathroom fixtures — Dated appearance suggests minor updates needed.
• Minor Exterior siding — Discoloration suggests minor cleaning or repainting needed.
• Minor Interior walls/paint — Chipped paint suggests touch-up needed.
• Minor Windows — Worn appearance suggests minor cleaning or replacement needed.
• Minor Landscaping — Overgrown areas suggest minor landscaping needed.

Value-add opportunities

• Both Painting and updating kitchen countertops — Fresh paint and updated countertops would enhance both resale and rental value.
• Both Landscaping and curb appeal improvements — Aesthetic improvements would attract more buyers and renters.
• Both New window treatments — Fresh window treatments would improve curb appeal and natural light, enhancing both resale and rental value.
• Both HVAC maintenance and minor repairs — Regular maintenance and minor repairs would ensure comfort and energy efficiency, attracting more renters and buyers.
• Both Kitchen appliances — Upgrading to modern appliances would attract more renters and buyers, enhancing both resale and rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen countertops · Worn appearance suggests minor repairs needed.	Minor	$500–3,000
Bathroom fixtures · Dated appearance suggests minor updates needed.	Minor	$500–3,000
Exterior siding · Discoloration suggests minor cleaning or repainting needed.	Minor	$500–3,000
Interior walls/paint · Chipped paint suggests touch-up needed.	Minor	$500–3,000
Windows · Worn appearance suggests minor cleaning or replacement needed.	Minor	$500–3,000
Landscaping · Overgrown areas suggest minor landscaping needed.	Minor	$500–3,000
Total estimated repair cost · 6 items		$3,000–18,000

Value-add ROI direction

• Both Painting and updating kitchen countertops — Fresh paint and updated countertops would enhance both resale and rental value. ↑
• Both Landscaping and curb appeal improvements — Aesthetic improvements would attract more buyers and renters. ↑
• Both New window treatments — Fresh window treatments would improve curb appeal and natural light, enhancing both resale and rental value. ↑
• Both HVAC maintenance and minor repairs — Regular maintenance and minor repairs would ensure comfort and energy efficiency, attracting more renters and buyers. ↑
• Both Kitchen appliances — Upgrading to modern appliances would attract more renters and buyers, enhancing both resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Milwaukee School District
• NCES district ID: 5509600
• Math proficiency: 10% ▼ -5.00%
• Reading proficiency: 18% ▬ 0.00%
• Median HH income: $36,339
• Composite: 11.61/100
• National rank: #9696
• State rank: #337 of 342 in WI

Livability — Milwaukee

• Score: 81/100
• State rank: #55
• US rank: #1534

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Milwaukee, WI
• County: Milwaukee County · 926,379 people
• City population: 573,768
• Metro: Milwaukee-Waukesha, WI
• Population (ZIP): 28,938
• Household income: $47,298
• Rent vs Own: 65.6% rent · 34.4% own
• Severe rent burden: 2397.0

Population outlook (Milwaukee County) Hauer SSP2

• Today (2025): 995,758 people
• By 2030: 1,009,124 · +1.3%
• By 2040: 1,028,128 · +3.3%
• By 2050: 1,040,066 · +4.4%
• By 2075: 1,057,849 · +6.2%
• By 2100: 1,039,774 · +4.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Black 48% White 35% Hispanic / Latino 12% Two or more races 9%
• Hispanic origin (detail): Mexican 4% Puerto Rican 6%
• Common ancestry: Romanian 4% Portuguese 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 92% English-only · Spanish 6%

Political lean MEDSL · Milwaukee

• 2024 margin: Solid D (+38.5) · D 68.3% · R 29.8% · Other 1.8%
• 2008→2024 swing: +2.7pp toward D · 2008: 35.9pp · 2024: 38.5pp
• All cycles: 2024: D+38.5 2020: D+39.9 2016: D+37.5 2012: D+34.6 2008: D+35.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -216.73%
• Current HPI: 385.8225
• Rent YoY: ▲ 5.00%
• Metro: Milwaukee-Waukesha, WI
• State GDP YoY: ▲ 2.10%
• F500 in state: 20

Industry mix (Fortune 500 HQ in WI)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$23B
▸Industrial Technology	2	$36B
▸Insurance	1	$36B
▸Professional Services	1	$19B
▸Utilities	1	$9B
▸Consumer Goods	1	$3B

Price history

-2.9% since first listed

2 events — show timeline

• 2026-05-07 Price Changed $164,900 METROMLS
• 2026-04-09 Listed $169,900 METROMLS