Building Details

Building Size 2,394 SF

Year Built 1979

Buildings 1

Listing Agency: Trimberger Realty, LLC

Listed By: Charity L. Bayer · License #91-937701 Show Phone

Source: C21ace

Added: Sep 18 Changed: Sep 20 Last Checked: Sep 22 at 9:32PM

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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 Trimberger Realty, LLC

Investment Insights

Based on property information with market context.

This 2,394-square-foot quadplex was built in 1979 and contains four residential units under one roof. All units are currently rented. Each unit includes a stove and refrigerator, with electric heat serving the building. The property also features a newer metal roof and a full basement with secured storage assigned to each unit. The basement provides additional storage capacity and could accommodate washer and dryer hookups.

Located at 151 W Glenbrook Drive in Pulaski, Wisconsin, the property includes outdoor parking. Its existing four-unit configuration combines multiple residences with shared building infrastructure and on-site storage.

Key Highlights

• Four‑unit quadplex with all units currently rented
• 2,394‑square‑foot property built in 1979
• Each unit includes a stove and refrigerator

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

$22,681

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

6.98%

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%

$453,620 $453.6K

Cap Rate 7%

$324,014 $324.0K

Cap Rate 9%

$252,011 $252.0K

Market Conditions

NOI Build-Up for 2,394 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

$33.6K $14.04/SF

− Vacancy

−$1.2K −$0.51/SF

EGI

$32.4K $13.53/SF

− OpEx

−$9.7K −$4.06/SF

NOI

$22.7K $9.47/SF

Area

Brown County, WI

Vacancy

3.60%

Lease Rate

$14.04 /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%

$453,620

Cap Rate 7%

$324,014

Cap Rate 9%

$252,011

Alternative Uses

Best Use

Multifamily LT 5

$324.0K

$283.5K – $378.0K (±1% cap)

NOI $22,681 @ 7.0% cap · market cap 6.98%

Second Best

Apartment 5plus

$299.3K

$261.9K – $349.2K (±1% cap)

NOI $20,954 @ 7.0% cap · market cap 6.45%

Theoretical Best

Warehouse

$2.00M

$1.75M – $2.34M (±1% cap)

NOI $140,130 @ 7.0% cap · market cap 43.13%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Hair Salon Restaurant Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

225

Businesses Nearby

Explore this area Business Placement

Demographics for 54162, WI

9,570

Population

3,594

Households

2.7

Avg Household Size

39

Median Age

22%

College-Educated

96%

High-School Grad

111.5 sq mi

ZIP Area

86

Density / Sq Mi

$79,053

Median Household Income

$47,170

Median Earnings

$797

Median Rent

$258,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Leased residential income property with private basement storage, outdoor parking, and individual kitchen appliances.

Where is this quadplex located?

The property is located at 151 W GLENBROOK Drive Pulaski, WI.

What is the asking price?

The asking price for this property is $324,900.

What are key features of this property?

This property features: Four‑unit quadplex with all units currently rented; 2,394‑square‑foot property built in 1979; Each unit includes a stove and refrigerator