Side-by-Side Townhouse
For Sale
$500,000
1558 Whiterock Ave, Waukesha, WI 53186
Two townhouse-style units feature private utilities and access to a detached garage.
Property Size2,480 SF
Price / SF$201.61
Days on Market36
Property Features for 1558 Whiterock Ave
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,078
Amenities
detached garage
Listing Agency:
Shorewest Realtors, Inc.
(262) 327-9400
Listed By:
Xochitl Driscoll
(262) 327-9400
Source:
Exprealty
Added: Jul 9
Changed: Aug 12
Last Checked: Aug 12 at 1:57PM
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.
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.
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 = 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
$28,449
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
5.69%
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%
$568,980
$569.0K
Cap Rate 7%
$406,414
$406.4K
Cap Rate 9%
$316,100
$316.1K
Market Conditions
NOI Build-Up for 2,480 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
$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 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%
$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
NOI $28,449 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$376.3K
$329.3K – $439.1K
NOI $26,343 @ 7.0% cap · market cap 5.27%
Theoretical Best
Flex RnD
$1.27M
$1.11M – $1.48M
NOI $88,600 @ 7.0% cap · market cap 17.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 Whiterock 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
