Three-Unit Residential Income
2010 Division Street East Troy, WI 53120
For Sale
$369,900
Well-maintained triplex with private entrances, in-unit laundry, and multiple units offering off-street parking.
Property Size2,526 SF
Price / SF$146.44
Days on Market128
Property Features for 2010 Division Street
General Information
- Standard status
- Active
- Size
- 2,526 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1910
Listing Agency:
RE/MAX Lakeside-Central
(414) 350-5525
Listed By:
Brian R. Paul · License #56081-90
(414) 350-5525
Source:
Compass
Added: Mar 18
Changed: Jul 23
Last Checked: Jul 23 at 3:18AM
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 RE/MAX Lakeside-Central
Investment Insights
Based on property information with market context.
This well-maintained three-unit triplex includes private entrances and in-unit laundry for all units. Unit A offers 1 bedroom and 1 bathroom with an eat-in kitchen, abundant cabinetry, updated flooring, and an air-conditioning unit. Units B and C each offer 2 bedrooms and 1 bathroom with an eat-in kitchen. Units A and C also have private basement access.
The property is ideally located in the Village, just steps from the Historical Square, with easy access to local shops, dining, and events.
Exterior and interior updates noted include newer cabinetry in Unit C and most windows updated throughout the building. Numerous exterior improvements have been completed, including gutters, soffit/fascia, downspouts, new concrete sidewalk and patio, reconstructed front patio overhang, and chimney repair and sealing.
The property is ideally located in the Village, just steps from the Historical Square, with easy access to local shops, dining, and events.
Exterior and interior updates noted include newer cabinetry in Unit C and most windows updated throughout the building. Numerous exterior improvements have been completed, including gutters, soffit/fascia, downspouts, new concrete sidewalk and patio, reconstructed front patio overhang, and chimney repair and sealing.
Key Highlights
- Well‑maintained 3‑family (triplex) built in 1910 with three separate units
- Multiple units with private entrances and in‑unit laundry; basement has laundry facilities with block construction
- Unit A: 1 bed, 1 bath with an eat‑in kitchen and updated flooring; only unit with A/C
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 | $40.9k | $16.20 |
| − Vacancy | −$2.0k | −$0.81 |
| EGI | $38.9k | $15.39 |
| − OpEx | −$11.7k | −$4.62 |
| NOI | $27.2k | $10.77 |
2,526 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$388.8K
$340.2K – $453.6K
NOI $27,213 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$361.6K
$316.4K – $421.9K
NOI $25,315 @ 7.0% cap · market cap 6.84%
Theoretical Best
Specialty Retail
$487.5K
$426.6K – $568.7K
NOI $34,124 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Piper Savings
Electronics & Wireless Store
FAQs
What type of property is this?
Triplex - Well-maintained triplex with private entrances, in-unit laundry, and multiple units offering off-street parking.
Where is this triplex located?
The property is located at 2010 Division Street East Troy, WI.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Well‑maintained 3‑family (triplex) built in 1910 with three separate units; Multiple units with private entrances and in‑unit laundry; basement has laundry facilities with block construction; Unit A: 1 bed, 1 bath with an eat‑in kitchen and updated flooring; only unit with A/C
