M.E.
My 3 year old shared a room with his baby brother from the time he was 6 months and moved out of his cradle in our room. He's always gone to bed first, and we purposely put him down early so he would be in deep sleep when his big brother came to bed. We also use a loud fan next to the crib to drown out any noise. But the baby can scream for 15 minutes at night, never waking up his brother. And the 3 year old goes to bed, whispers his prayers, and snuggles with my hubby or I for about 10 minutes, and rarely wakes up the baby. He loves it when we sleep with him a little bit, so we tell him if he's to loud and wakes up the baby, we have to leave to rock the baby back to bed, and then he gets scared to be by himself. So he's very motivated to be extra quiet, and like I said, most nights they're fine. Good luck!