Building Details

Year Built 1975

Listing Agency: Shorewest Realtors, Inc.

Listed By: Xochitl Driscoll Show Phone

Source: Levelupwi

Added: Aug 11 Changed: Oct 3 Last Checked: Oct 16 at 1:28PM

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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 Shorewest Realtors, Inc.

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Investment Insights

Based on property information with market context.

This side-by-side duplex contains two townhouse-style residences totaling 2,480 square feet. Each unit includes three bedrooms and one-and-a-half bathrooms, providing matching layouts across the property. Separate utilities serve the units, and a detached garage adds dedicated accessory space.

Located at 1558 Whiterock Ave in Waukesha, WI, the property combines a two-unit configuration with practical separation between residences. The layout and utility setup support distinct occupancy for each side while retaining the efficiencies of a single duplex property.

Key Highlights

• 2,480‑square‑foot side‑by‑side duplex
• Each unit offers 3 bedrooms and 1.5 bathrooms
• Separate utilities for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,449

Cap Rate

5.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$568,980 $569.0K

Cap Rate 7%

$406,414 $406.4K

Cap Rate 9%

$316,100 $316.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,480 SF

Gross rent

$42.6K $17.16/SF

− Vacancy

−$1.9K −$0.77/SF

EGI

$40.6K $16.39/SF

− OpEx

−$12.2K −$4.92/SF

NOI

$28.4K $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%

$568,980

Cap Rate 7%

$406,414

Cap Rate 9%

$316,100

Alternative Uses

Best Use

Multifamily LT 5

$406.4K

$355.6K – $474.2K (±1% cap)

NOI $28,449 @ 7.0% cap · market cap 5.69%

Second Best

Apartment 5plus

$376.3K

$329.3K – $439.1K (±1% cap)

NOI $26,343 @ 7.0% cap · market cap 5.27%

Theoretical Best

Flex RnD

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,600 @ 7.0% cap · market cap 17.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Spa & Massage Center Bakery Grocery & Convenience Store

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

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

418

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two townhouse-style units feature private utilities and access to a detached garage.

Where is this duplex located?

The property is located at 1558 White Rock Ave Waukesha, WI.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: 2,480‑square‑foot side‑by‑side duplex; Each unit offers 3 bedrooms and 1.5 bathrooms; Separate utilities for each unit