Side-by-Side Duplex
New
For Sale
$530,000
1425 Pewaukee Rd, Waukesha, WI 53188
Two three-bedroom units feature flexible lower-level space, dedicated garage parking, and partially fenced yard areas.
Property Size2,550 SF
Price / SF$207.84
Days on Market6
Property Features for 1425 Pewaukee Rd
General Information
Standard status
Active
Size
2,550 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,147
Listing Agency:
Shorewest Realtors, Inc.
(262) 548-9393
Listed By:
Bonnie Jones
(262) 370-7106
Source:
Exprealty
Added: Sep 11
Changed: Sep 15
Last Checked: Sep 15 at 2:31PM
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, Inc.
Investment Insights
Based on property information with market context.
Located at 1425 Pewaukee Rd in Waukesha, this side-by-side duplex is arranged as two townhouse-style residences. Each unit includes an eat-in kitchen with a built-in hutch, desk, pantry, and appliances, along with a spacious living room and half bath on the main level. The upper floor contains 3 bedrooms and a full bathroom.
Partially finished lower levels add flexible usable space and include storage and laundry areas. Each residence has a dedicated stall in the detached 2-car garage, with additional parking available. The property also includes a partially fenced yard. A new roof was installed in 2025, and the building has newer furnaces. Convenient access to I-94 supports connectivity for residents and commuters.
Partially finished lower levels add flexible usable space and include storage and laundry areas. Each residence has a dedicated stall in the detached 2-car garage, with additional parking available. The property also includes a partially fenced yard. A new roof was installed in 2025, and the building has newer furnaces. Convenient access to I-94 supports connectivity for residents and commuters.
Key Highlights
- Side‑by‑side duplex with two townhouse‑style units
- Each unit includes 3 bedrooms and 1 full bathroom on the upper level
- Detached 2‑car garage with 1 dedicated stall per renter
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
$29,252
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
5.52%
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%
$585,040
$585.0K
Cap Rate 7%
$417,886
$417.9K
Cap Rate 9%
$325,022
$325.0K
Market Conditions
NOI Build-Up for 2,550 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
$43.8K $17.16/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$41.8K $16.39/SF
− OpEx
−$12.5K −$4.92/SF
NOI
$29.3K $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 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%
$585,040
Cap Rate 7%
$417,886
Cap Rate 9%
$325,022
Alternative Uses
Best Use
Multifamily LT 5
$417.9K
$365.7K – $487.5K
NOI $29,252 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$387.0K
$338.6K – $451.5K
NOI $27,087 @ 7.0% cap · market cap 5.11%
Theoretical Best
Flex RnD
$1.30M
$1.14M – $1.52M
NOI $91,101 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 53188, WI
35,552
Population
14,703
Households
2.4
Avg Household Size
41
Median Age
43%
College-Educated
97%
High-School Grad
26.8 sq mi
ZIP Area
1,327
Density / Sq Mi
$88,656
Median Household Income
$51,930
Median Earnings
$1,235
Median Rent
$317,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units feature flexible lower-level space, dedicated garage parking, and partially fenced yard areas.
Where is this duplex located?
The property is located at 1425 Pewaukee Rd Waukesha, WI.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two townhouse‑style units; Each unit includes 3 bedrooms and 1 full bathroom on the upper level; Detached 2‑car garage with 1 dedicated stall per renter
