Well-Maintained Triplex
1946 Division Street East Troy, WI 53120
1946 Division Street, East Troy, WI, 53120
$410,000
For Sale
$410,000
Immaculately maintained triplex with three units, private outdoor space, in-unit laundry, and an oversized 3-car garage.
Property Size2,434 SF
Price / SF$168.45
Days on Market9
Property Features for 1946 Division Street
General Information
- Standard status
- Active
- Size
- 2,434 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1910
Listing agency
Shorewest Realtors, Inc.
(262) 745-5439
Listed by
Katherine Baumbach · License #48391-90
(262) 745-5439
Source
Compass
Added: Jul 14 Updated: Jul 22 at 3:26AM Checked: Jul 22 at 3:26AM
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 well-maintained triplex consists of three separate units. Unit 1 offers two bedrooms, an eat-in kitchen with abundant cabinetry, a large living room with a built-in TV cabinet, 1.5 baths, a private balcony, and in-unit laundry. Unit 2 includes two upstairs bedrooms, one bath, a kitchen, a comfortable living room, a deck, and basement laundry access. Unit 3 features a large eat-in kitchen, one bedroom, an office area, a spacious living room, and in-unit laundry.
The property has seen recent major updates including a new roof (2023), three central air conditioners (2024), and three furnaces. Exterior features include an oversized 3-car garage and a landscaped yard with garden area.
Overall, the building presents a clear three-unit configuration with dedicated laundry arrangements across the units and additional storage and parking through the oversized garage.
The property has seen recent major updates including a new roof (2023), three central air conditioners (2024), and three furnaces. Exterior features include an oversized 3-car garage and a landscaped yard with garden area.
Overall, the building presents a clear three-unit configuration with dedicated laundry arrangements across the units and additional storage and parking through the oversized garage.
Key Highlights
- Triplex built in 1910 with vinyl construction and full basement with laundry facilities
- Recent updates include new roof (2023), three central A/C units (2024), and three furnaces
- Unit 1: 2 bedrooms, 1.5 baths, eat‑in kitchen with new refrigerator, private balcony, in‑unit laundry
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.4k | $16.20 |
| − Vacancy | −$2.0k | −$0.81 |
| EGI | $37.5k | $15.39 |
| − OpEx | −$11.2k | −$4.62 |
| NOI | $26.2k | $10.77 |
2,434 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$374.6K
$327.8K – $437.0K
NOI $26,221 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$348.5K
$304.9K – $406.6K
NOI $24,393 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$469.7K
$411.0K – $548.0K
NOI $32,881 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Immaculately maintained triplex with three units, private outdoor space, in-unit laundry, and an oversized 3-car garage.
Where is this triplex located?
The property is located at 1946 Division Street East Troy, WI.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Triplex built in 1910 with vinyl construction and full basement with laundry facilities; Recent updates include new roof (2023), three central A/C units (2024), and three furnaces; Unit 1: 2 bedrooms, 1.5 baths, eat‑in kitchen with new refrigerator, private balcony, in‑unit laundry
