Tom Gavin

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Listing provided courtesy of First Weber Inc - BrookfieldMetro MLS- MLS# 1965186MLS Provider

507 N 31st St, 509Milwaukee, WI 53208

Multi-Family · 0.09 Acres
$329,999 Active
Brokerage Compensation
  • Broker Compensation: 2.4% - See Compensation Terms Below at Bottom of Page.

507 N 31st St, 509 Overview

Time on Site:
27 days
Visits:
28

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.

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507 N 31st St, 509 Facts & Features

  • Type Multi-Family
  • Lot 0.09 Acres

Details

General

School Information

  • School District: Milwaukee

Building Information

  • Year Built: 1908

Location/Region

  • County Or Parish: Milwaukee
  • Postal City: Milwaukee

Tax Information

  • Tax Annual Amount: 3162.69
  • Tax Year: 2025

General Information

  • Inclusions: stoves, refrigerators, microwaves
  • Parcel Number: 4012038000
  • Property Sub Type: Two Family
  • Property Type: Two-Family
  • Zoning: RT4

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Basement: Full,Poured Concrete,Brick
  • Living Area Source: Public Records

Unit Information

  • Unit 1 Rooms: 2nd Bedroom Length: 8
  • Unit 1 Rooms: 2nd Bedroom Level: Main
  • Unit 1 Rooms: 2nd Bedroom Width: 10
  • Unit 1 Rooms: 3rd Bedroom Length: 11
  • Unit 1 Rooms: 3rd Bedroom Level: Main
  • Unit 1 Rooms: 3rd Bedroom Width: 10
  • Unit 1 Rooms: Dining Room Length: 13
  • Unit 1 Rooms: Dining Room Level: Main
  • Unit 1 Rooms: Dining Room Width: 14
  • Unit 1 Rooms: Kitchen Length: 12
  • Unit 1 Rooms: Kitchen Level: Main
  • Unit 1 Rooms: Kitchen Width: 15
  • Unit 1 Rooms: LivingGreat Room Length: 15
  • Unit 1 Rooms: LivingGreat Room Level: Main
  • Unit 1 Rooms: LivingGreat Room Width: 13
  • Unit 1 Rooms: Master Bedroom Length: 10
  • Unit 1 Rooms: Master Bedroom Level: Main
  • Unit 1 Rooms: Master Bedroom Width: 12
  • Unit 2 Rooms: 2nd Bedroom Length2: 8
  • Unit 2 Rooms: 2nd Bedroom Level2: Upper
  • Unit 2 Rooms: 2nd Bedroom Width2: 10
  • Unit 2 Rooms: 3rd Bedroom Length2: 7
  • Unit 2 Rooms: 3rd Bedroom Level2: Upper
  • Unit 2 Rooms: 3rd Bedroom Width2: 11
  • Unit 2 Rooms: Dining Room Length2: 13
  • Unit 2 Rooms: Dining Room Level2: Upper
  • Unit 2 Rooms: Dining Room Width2: 14
  • Unit 2 Rooms: Kitchen Length2: 12
  • Unit 2 Rooms: Kitchen Level2: Upper
  • Unit 2 Rooms: Kitchen Width2: 15
  • Unit 2 Rooms: LivingGreat Room Length2: 15
  • Unit 2 Rooms: LivingGreat Room Level2: Upper
  • Unit 2 Rooms: LivingGreat Room Width2: 13
  • Unit 2 Rooms: Master Bedroom Length2: 10
  • Unit 2 Rooms: Master Bedroom Level2: Upper
  • Unit 2 Rooms: Master Bedroom Width2: 10

Exterior

Parking Information

  • Parking Features: Alley Entrance,Paved Driveway,Driveway Entrance

Lot Information

  • Lot Size Source: Public Records
  • Lot Size Square Feet: 3920.4
  • Lot Size Units: Acres

Building Exterior/Construction

  • Garage Type: Attached
  • Construction Materials: Brick,Vinyl

General Information

  • Number Of Units Total: 2
  • Sewer: Municipal Sewer

507 N 31st St, 509 Neighborhood

Community

53208 (MILWAUKEE) Demographics

31
Median Age
7,453
Population Density (per sq. mile)
36%
College Educated
$36,436
Estimated Median Income
4,415
Estimated Total Home Owners
7,206
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

507 N 31st St, 509 Market Data

Based on the last 30 days in this zip code

$311,927
Average List Price
$147
Average Price per Square Foot
14
Properties Sold
70
Average Days on Market
44
Properties for Sale
Calculations provided by Reliance Network

507 N 31st St, 509 History

Date Event Value Agent
6/25/2026Source: Metro MLS Price Reduction
$329,999 -5.7%
Leigh Jackson
Listing Agent
6/25/2026Source: Metro MLS Price Reduction
$329,999 -5.7%
Leigh Jackson
Listing Agent
6/8/2026Source: Metro MLS Price Reduction
$349,999 -2.2%
Leigh Jackson
Listing Agent
6/8/2026Source: Metro MLS Added to Database
June 08, 2026
Leigh Jackson
Listing Agent
6/4/2026Source: Metro MLS Status Change
Active
Leigh Jackson
Listing Agent
6/2/2026Source: Metro MLS Added to Database
June 02, 2026
Leigh Jackson
Listing Agent