Duplex with Separate
New
For Sale
$479,900
11102 W Forest Home Ave, Franklin, WI 53132
Both residences have private entrances, and the property includes basement laundry equipment.
Property Size2,420 SF
Price / SF$198.31
Days on Market4
Property Features for 11102 W Forest Home Ave
General Information
Standard status
Active
Size
2,420 SF
Property subtype
Multi-Family
Financials
Gross Income
$44,400
Average Monthly Rent
$1,850
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
basement laundry
central air
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Shorewest Realtors - South Metro
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 12 at 7:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shorewest Realtors - South Metro
Investment Insights
Based on property information with market context.
Built in 1900, this 2,420-square-foot duplex sits on a lot described as nearly half an acre. The lower residence has three bedrooms, while the upper residence has two. Each unit includes an eat-in kitchen and a full bathroom, with private entrances for both. The property also has a two-car garage, central air, and basement laundry with washers and dryers included.
Utilities are separately metered. Furnaces and water heaters were replaced by a previous owner. The property is in the Whitnall School District and within minutes of shopping, dining, and parks in Hales Corners.
Utilities are separately metered. Furnaces and water heaters were replaced by a previous owner. The property is in the Whitnall School District and within minutes of shopping, dining, and parks in Hales Corners.
Key Highlights
- 2,420‑square‑foot duplex built in 1900
- Nearly half‑acre lot
- Lower unit has 3 bedrooms; upper unit has 2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,933
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,660
$518.7K
Cap Rate 7%
$370,471
$370.5K
Cap Rate 9%
$288,144
$288.1K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$39.2K $16.20/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$37.0K $15.31/SF
− OpEx
−$11.1K −$4.59/SF
NOI
$25.9K $10.72/SF
Area
Milwaukee County, WI
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,660
Cap Rate 7%
$370,471
Cap Rate 9%
$288,144
Alternative Uses
Best Use
Multifamily LT 5
$370.5K
$324.2K – $432.2K
NOI $25,933 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$330.9K
$289.6K – $386.1K
NOI $23,166 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$573.9K
$502.1K – $669.5K
NOI $40,171 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
Demographics for 53132, WI
36,166
Population
14,073
Households
2.6
Avg Household Size
44
Median Age
46%
College-Educated
95%
High-School Grad
34.7 sq mi
ZIP Area
1,042
Density / Sq Mi
$110,656
Median Household Income
$64,194
Median Earnings
$1,380
Median Rent
$345,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have private entrances, and the property includes basement laundry equipment.
Where is this duplex located?
The property is located at 11102 W Forest Home Ave Franklin, WI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 2,420‑square‑foot duplex built in 1900; Nearly half‑acre lot; Lower unit has 3 bedrooms; upper unit has 2
