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    407 Greenwood Ave Waukesha, WI 53188

    For Sale
    $379,000

    Duplex + - Waukesha, WI

    Lot size:
    0.18 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 407 Greenwood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM-1
    APN
    2911307162
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1930
    Number of units
    3
    Architectural style
    Other

    Homestead Realty, Inc (414) 461-4040 [email protected]

    Listing agent Wendy J. Wendorf (414) 461-4040 License #90518-94

    Listing date Dec 4, 2025

    MLS# 1944386 Listing URL

    Copyright © 2025 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waukesha Investment Opportunity

    This property presents a rare investment opportunity in Waukesha, Wisconsin, featuring a duplex and a separate cottage. The property is situated in a highly sought-after neighborhood and offers rental versatility. It has been well-maintained and includes updates such as chimney work completed in 2019, siding installed in 2017, a roof installed in 2017, and furnace work completed in 2022. The property has a strong rental history with reliable month-to-month tenants already in place. The lot size is 0.18 acres. This income property has long-term potential and is zoned RM-1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.243707
    Latitude
    43.00979

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    FAQs

    What type of property is this?
    Triplex - Duplex plus cottage in a sought-after Waukesha neighborhood.
    Where is this triplex located?
    The property is located at 407 Greenwood Ave Waukesha, WI.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: - Income-generating property with duplex and separate cottage; - Strong rental history with existing tenants; - Recent updates include 2017 siding and roof, 2019 chimney work, and 2022 furnace work
    (414) 461-4040
    Request Owner's contact information
    407 Greenwood Ave Waukesha, WI 53188
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    Waukesha, WI 53188
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    407 Greenwood Ave Waukesha, WI 53188
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