Two-Family Townhome
For Sale
$659,900
16420 Tia Ct, Brookfield, WI 53005
Separate residential units feature updated interiors, fireplaces, and distinct layouts within an end-of-street setting.
Property Size3,767 SF
Price / SF$175.18
Days on Market13
Property Features for 16420 Tia Ct
General Information
Standard status
Active
Size
3,767 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,864
Building Details
Buildings
1
Listing Agency:
Keller Williams Milwaukee North Shore
(414) 962-3605
Listed By:
Falk Ruvin Gallagher Team* · License #4842090
(414) 914-5300
Source:
Exprealty
Added: Aug 24
Changed: Sep 4
Last Checked: Sep 4 at 2:15PM
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 Keller Williams Milwaukee North Shore
Investment Insights
Based on property information with market context.
This 3,767-square-foot duplex is configured as two townhome-style residences, each with its own floor plan and living areas. The first unit includes a renovated kitchen with quartz countertops, new hardwood flooring, a gas fireplace, screened patio, and an upper-level sunroom. The second residence features an open-concept arrangement, new flooring, an updated bathroom, main-level laundry, and a gas fireplace.
The property occupies an end-of-street location in Brookfield, Wisconsin, with a backyard setting described as park-like. Both units include recent interior improvements and functional residential layouts. The property is served by the Elmbrook School District.
The property occupies an end-of-street location in Brookfield, Wisconsin, with a backyard setting described as park-like. Both units include recent interior improvements and functional residential layouts. The property is served by the Elmbrook School District.
Key Highlights
- 3,767‑square‑foot duplex with two townhome‑style residences
- Unit 1 includes a remodeled kitchen with quartz countertops and new hardwood floors
- Unit 1 features a screened patio, gas fireplace, and upstairs sunroom
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
$43,213
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
6.55%
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%
$864,260
$864.3K
Cap Rate 7%
$617,329
$617.3K
Cap Rate 9%
$480,144
$480.1K
Market Conditions
NOI Build-Up for 3,767 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
$64.6K $17.16/SF
− Vacancy
−$2.9K −$0.77/SF
EGI
$61.7K $16.39/SF
− OpEx
−$18.5K −$4.92/SF
NOI
$43.2K $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%
$864,260
Cap Rate 7%
$617,329
Cap Rate 9%
$480,144
Alternative Uses
Best Use
Multifamily LT 5
$617.3K
$540.2K – $720.2K
NOI $43,213 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$571.6K
$500.2K – $666.9K
NOI $40,014 @ 7.0% cap · market cap 6.06%
Theoretical Best
Flex RnD
$1.92M
$1.68M – $2.24M
NOI $134,580 @ 7.0% cap · market cap 20.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 53005, WI
21,433
Population
8,744
Households
2.5
Avg Household Size
44
Median Age
62%
College-Educated
98%
High-School Grad
14.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$123,486
Median Household Income
$71,034
Median Earnings
$1,810
Median Rent
$386,300
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 - Separate residential units feature updated interiors, fireplaces, and distinct layouts within an end-of-street setting.
Where is this duplex located?
The property is located at 16420 Tia Ct Brookfield, WI.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: 3,767‑square‑foot duplex with two townhome‑style residences; Unit 1 includes a remodeled kitchen with quartz countertops and new hardwood floors; Unit 1 features a screened patio, gas fireplace, and upstairs sunroom
