Duplex with Three-Car
New
For Sale
$479,900
11610 W Elmhurst Pkwy, Wauwatosa, WI 53226
Separate utility meters and laundry facilities serve each residence.
Property Size2,680 SF
Price / SF$179.07
Days on Market3
Property Features for 11610 W Elmhurst Pkwy
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
oak hardwood floors
individual laundry facilities
fenced backyard
mature trees
Building Details
Year Built
1957
Listing Agency:
Keating Real Estate
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 9:14PM
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 Keating Real Estate
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Investment Insights
Based on property information with market context.
Built in 1957, this 2,680-square-foot upper-and-lower duplex contains two residences, each with three bedrooms, 1.5 baths, oak flooring, and updated vinyl double-hung windows. Utilities are separately metered, and each unit has its own laundry facilities. A full basement provides additional semi-finished area.
The property includes a fenced backyard with mature trees, a three-car garage, and driveway parking. Firefly Grove Park is two blocks away; Underwood Elementary, shopping, dining, and freeway access are also nearby.
The property includes a fenced backyard with mature trees, a three-car garage, and driveway parking. Firefly Grove Park is two blocks away; Underwood Elementary, shopping, dining, and freeway access are also nearby.
Key Highlights
- Two units, each with 3 bedrooms and 1.5 baths
- 2,680 square feet; built in 1957
- Updated vinyl double‑hung windows and oak hardwood floors in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,720
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,400
$574.4K
Cap Rate 7%
$410,286
$410.3K
Cap Rate 9%
$319,111
$319.1K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$43.4K $16.20/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$41.0K $15.31/SF
− OpEx
−$12.3K −$4.59/SF
NOI
$28.7K $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%
$574,400
Cap Rate 7%
$410,286
Cap Rate 9%
$319,111
Alternative Uses
Best Use
Multifamily LT 5
$410.3K
$359.0K – $478.7K
NOI $28,720 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$366.5K
$320.7K – $427.6K
NOI $25,655 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$635.5K
$556.1K – $741.5K
NOI $44,487 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Explore this area
Business Placement
Demographics for 53226, WI
19,921
Population
8,912
Households
2.2
Avg Household Size
37
Median Age
60%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
2,930
Density / Sq Mi
$86,361
Median Household Income
$57,753
Median Earnings
$1,348
Median Rent
$301,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and laundry facilities serve each residence.
Where is this duplex located?
The property is located at 11610 W Elmhurst Pkwy Wauwatosa, 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: Two units, each with 3 bedrooms and 1.5 baths; 2,680 square feet; built in 1957; Updated vinyl double‑hung windows and oak hardwood floors in both units
