Duplex-Style Residential
For Sale
$350,000
115 W Newhall Ave, Waukesha, WI 53186
An original two-unit layout offers added living space while the property currently operates as one residence.
Property Size1,643 SF
Price / SF$213.02
Days on Market50
Property Features for 115 W Newhall Ave
General Information
Standard status
Active
Size
1,643 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1915
Listing Agency:
V-Group, LLC
Listed By:
Victoria Hekkers · License #9058121
(414) 791-2774
Source:
Nikolicgroup
Added: Sep 14
Changed: Oct 26
Last Checked: Oct 7 at 4:29PM
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 V-Group, LLC
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Investment Insights
Based on property information with market context.
Built in 1915, this 1,643-square-foot duplex-style property is currently arranged for single-family living. The original two-unit configuration provides expanded interior space, including large bedrooms, while maintaining the flexibility associated with the existing layout. A front porch and landscaped yard with perennial plantings add exterior character.
The property is located at 115 W Newhall Ave in Waukesha, Wisconsin. Seller requires 30-day post-closing occupancy.
The property is located at 115 W Newhall Ave in Waukesha, Wisconsin. Seller requires 30-day post-closing occupancy.
Key Highlights
- Duplex‑style property currently used as a single‑family residence
- 1,643 square feet with an original two‑unit layout
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,848
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,960
$377.0K
Cap Rate 7%
$269,257
$269.3K
Cap Rate 9%
$209,422
$209.4K
Market Conditions
NOI Build-Up for 1,643 SF
Gross rent
$28.2K $17.16/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$26.9K $16.39/SF
− OpEx
−$8.1K −$4.92/SF
NOI
$18.8K $11.47/SF
Area
Waukesha County, WI
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,960
Cap Rate 7%
$269,257
Cap Rate 9%
$209,422
Alternative Uses
Best Use
Multifamily LT 5
$269.3K
$235.6K – $314.1K
NOI $18,848 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$249.3K
$218.2K – $290.9K
NOI $17,452 @ 7.0% cap · market cap 4.99%
Theoretical Best
Flex RnD
$838.5K
$733.7K – $978.3K
NOI $58,698 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
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Business Placement
Demographics for 53186, WI
32,332
Population
15,066
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,566
Density / Sq Mi
$74,596
Median Household Income
$42,007
Median Earnings
$1,180
Median Rent
$277,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - An original two-unit layout offers added living space while the property currently operates as one residence.
Where is this duplex located?
The property is located at 115 W Newhall Ave Waukesha, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex‑style property currently used as a single‑family residence; 1,643 square feet with an original two‑unit layout; Built in 1915
