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743 N 32nd STREET, Milwaukee, WI, 53208

6beds
3baths
3,291sqft
$194,900
$59price/sqft
$1,772/moest. monthly cost
$70,880/yrincome needed

About This Home

Exceptional investment opportunity within walking distance of Marquette University and downtown Milwaukee. This spacious 6-bedroom, 2.5-bathroom property is currently operating as an adult group home, providing immediate income potential for investors seeking a cash-flowing asset in a highly desirable urban location.The property offers generous living space and classic character, making it well-suited for continued group housing operations, maximizing rental income. Its proximity to Marquette University and the heart of Milwaukee supports strong rental demand. It could also be a good fit for a homeowner as current tenancy is month to month!

Getting Around

74
WalkingVery Walkable
56
TransitGood Transit
63
BikeBikeable

Schools

2/10
Story ElementaryGrades PK-80.4 mi

Construction

Condition

  • Property condition: 21+ Years
  • Year built: 1890

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Oven,Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Full

Bathroom

  • Features: Tub Only,Ceramic Tile,Shower Over Tub

Bedroom2

  • Level: Upper
  • Area: 132

Bedroom3

  • Level: Upper
  • Area: 176

Bedroom4

  • Level: Upper
  • Area: 121

Bedroom5

  • Level: Upper
  • Area: 88

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 289

Family Room

  • Level: Main
  • Area: 176

Features

  • Kitchen Island
  • Finished area above ground: 3,291

Heating

  • Heating features: Natural Gas,Forced Air

Interior Area

  • Total structure area: 3,968
  • Total interior livable area: 3,291 sqft

Kitchen

  • Level: Main
  • Area: 225

Living Room

  • Level: Main
  • Area: 225

Master Bedroom

  • Level: Upper
  • Area: 255

Office

  • Level: Main
  • Area: 156

Property

Details

  • Parcel number: 3880407000
  • Zoning: RT3
  • Exclusions: Tenant's Personal Property.

Features

  • Levels: Two
  • Stories: 2
  • Living area range: 3501 or more,3501-5000,2501 or more

Lot

  • Lot size: 6,534 sqft

Parking

  • Parking features: No Garage,1 Space

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tsunami

FEMA Declared Disasters Across Wisconsin Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $985$11,820
Home Insurance *$110$1,320
Property Taxes $368$4,416
Electricity $309$3,710
Total$1,772$21,264
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$60,754/yr
40% on housing$53,160/yr
45% on housing$47,253/yr

Wisconsin FAIR Plan Programs

Wisconsin Insurance Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 5,246Commercial: 198
Total Premiums$4.55M
Total Exposure$860.28M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.4%
10.4%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: -2.2%
-2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$59This listing

vs Other Active Listings

Avg $/sqft

ZIP 53208$93
Milwaukee County$147

vs Homes Sold Last Month

Median $/sqft

ZIP 53208$151
Milwaukee County$187

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-27Price change$199,900
2026-03-18Listed for sale$204,900
2026-02-18Sold$185,000
2025-08-05Listing removed$219,000
2025-07-20Price change$219,000
2025-06-24Price change$229,000
2025-05-26Listed for sale$249,000
2025-05-14Contingent$249,000
2025-05-13Price change$249,000
2025-02-15Price change$275,000
2025-01-05Listed for sale$279,000
2024-12-23Listing removed$225,000
2024-11-25Price change$225,000
2024-11-07Price change$227,000
2024-10-13Price change$237,000
2024-10-01Listed for sale$239,000
2024-10-01Listing removed$225,000
2024-09-04Price change$225,000
2024-08-23Price change$241,500
2024-08-16Price change$254,000
2024-08-07Listed for sale$259,000
2024-08-07Listing removed--
2024-07-24Listed for sale$264,000
2024-07-15Contingent$264,000
2024-07-12Price change$264,000
2024-07-03Listed for sale$265,000
2023-05-26Sold$75,000
2022-05-27Sold$75,000
2017-06-15Sold$2,990
2016-03-14Sold$10,450

For Sale by Agent

AgentSarah Floyd
BrokerageMKE Realty Group LLC

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