Duplex with Attached
180 Ridge Ct, Pewaukee, WI 53072
For Sale
$524,900
The property combines two residential units with an attached garage for three vehicles.
Property Size2,695 SF
Price / SF$194.77
Days on Market14
Property Features for 180 Ridge Ct
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Realty Executives Platinum
(920) 261-6727
Listed By:
Bradley Kuenzi · License WI #5109990
(920) 539-5392
Source:
Exprealty
Added: Oct 29
Changed: Nov 10
Last Checked: Nov 10 at 2:26PM
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 Realty Executives Platinum
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Investment Insights
Based on property information with market context.
This 2,695-square-foot duplex includes a three-car attached garage. Recent improvements include a roof and gutters installed last month, a replacement furnace on side B last month, and an AC replacement on side A last year. Side B also received a dishwasher last month, while side A has a newer refrigerator.
Key Highlights
- 2,695‑square‑foot duplex with a three‑car attached garage
- Roof and gutters replaced last month
- Side B furnace and dishwasher replaced last month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,916
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,320
$618.3K
Cap Rate 7%
$441,657
$441.7K
Cap Rate 9%
$343,511
$343.5K
Market Conditions
NOI Build-Up for 2,695 SF
Gross rent
$46.2K $17.16/SF
− Vacancy
−$2.1K −$0.77/SF
EGI
$44.2K $16.39/SF
− OpEx
−$13.2K −$4.92/SF
NOI
$30.9K $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%
$618,320
Cap Rate 7%
$441,657
Cap Rate 9%
$343,511
Alternative Uses
Best Use
Multifamily LT 5
$441.7K
$386.5K – $515.3K
NOI $30,916 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$409.0K
$357.8K – $477.1K
NOI $28,627 @ 7.0% cap · market cap 5.45%
Theoretical Best
Flex RnD
$1.38M
$1.20M – $1.60M
NOI $96,281 @ 7.0% cap · market cap 18.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
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Business Placement
Demographics for 53072, WI
26,687
Population
12,594
Households
2.1
Avg Household Size
45
Median Age
53%
College-Educated
98%
High-School Grad
29.8 sq mi
ZIP Area
896
Density / Sq Mi
$97,434
Median Household Income
$61,762
Median Earnings
$1,352
Median Rent
$424,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The property combines two residential units with an attached garage for three vehicles.
Where is this duplex located?
The property is located at 180 Ridge Ct Pewaukee, WI.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 2,695‑square‑foot duplex with a three‑car attached garage; Roof and gutters replaced last month; Side B furnace and dishwasher replaced last month
