Triplex With Flexible Living
For Sale
$595,000
10340 W Rogers St, West Allis, WI 53227
Three-family property combines a four-bedroom main residence with two upper-level one-bedroom apartments.
Property Size4,577 SF
Price / SF$129
Days on Market32
Property Features for 10340 W Rogers St
General Information
Standard status
Active
Size
4,577 SF
Property subtype
Multi-Family
Building Details
Year Built
1967
Listing Agency:
Century 21 Affiliated-Wauwatosa
(262) 332-2233
Listed By:
Vickie Kelsall · License #5564690
Source:
Nikolicgroup
Added: Jul 30
Changed: Aug 29
Last Checked: Aug 29 at 7:48PM
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 Century 21 Affiliated-Wauwatosa
Investment Insights
Based on property information with market context.
Built in 1967, this three-family property pairs a substantial main residence with two upper-level one-bedroom apartments. The primary home includes four bedrooms, two full bathrooms, a great room with a lava-stone natural fireplace, wet bar, vaulted beamed ceiling, and floor-to-ceiling windows. Sliding doors connect the dining room to the deck.
The lower level adds a recreation room, another room with kitchenette, full bathroom, and laundry area. A large fenced backyard provides additional outdoor space. The layout supports separate apartment occupancy alongside the main residence and includes features suited to flexible household arrangements. The property is located at 10340 W Rogers St in West Allis, Wisconsin 53227.
The lower level adds a recreation room, another room with kitchenette, full bathroom, and laundry area. A large fenced backyard provides additional outdoor space. The layout supports separate apartment occupancy alongside the main residence and includes features suited to flexible household arrangements. The property is located at 10340 W Rogers St in West Allis, Wisconsin 53227.
Key Highlights
- Three‑family property with a four‑bedroom, two‑bath main residence
- Two upper‑level one‑bedroom apartments
- Great room with lava‑stone natural fireplace, wet bar, vaulted beamed ceiling, and floor‑to‑ceiling windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,049
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$980,980
$981.0K
Cap Rate 7%
$700,700
$700.7K
Cap Rate 9%
$544,989
$545.0K
Market Conditions
NOI Build-Up for 4,577 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$74.1K $16.20/SF
− Vacancy
−$4.1K −$0.89/SF
EGI
$70.1K $15.31/SF
− OpEx
−$21.0K −$4.59/SF
NOI
$49.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$980,980
Cap Rate 7%
$700,700
Cap Rate 9%
$544,989
Alternative Uses
Best Use
Multifamily LT 5
$700.7K
$613.1K – $817.5K
NOI $49,049 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$625.9K
$547.7K – $730.3K
NOI $43,815 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$1.09M
$949.7K – $1.27M
NOI $75,976 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 53227, WI
23,310
Population
11,519
Households
2
Avg Household Size
40
Median Age
29%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
4,571
Density / Sq Mi
$71,594
Median Household Income
$46,886
Median Earnings
$1,057
Median Rent
$214,300
Median Home Value
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?
Triplex - Three-family property combines a four-bedroom main residence with two upper-level one-bedroom apartments.
Where is this triplex located?
The property is located at 10340 W Rogers St West Allis, WI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Three‑family property with a four‑bedroom, two‑bath main residence; Two upper‑level one‑bedroom apartments; Great room with lava‑stone natural fireplace, wet bar, vaulted beamed ceiling, and floor‑to‑ceiling windows
