4-Unit Quadplex with
New
For Sale
$350,000
206 W Laflin AVENUE, Waukesha, WI 53186
Four one-bedroom apartments include hardwood flooring, with shared laundry in the basement.
Property Size2,460 SF
Price / SF$142.28
Days on Market3
Property Features for 206 W Laflin AVENUE
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Amenities
basement laundry facilities
off-street parking
garage
Building Details
Year Built
1897
Listing Agency:
First Weber Inc - Delafield
Listed By:
J Tweeden + Associates Team* · License #5220490
(262) 893-8194
Source:
Exsellexperts
Added: Oct 31
Last Checked: Oct 31 at 9:49AM
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 First Weber Inc - Delafield
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1897, this 2,460-square-foot quadplex contains four one-bedroom apartments. Hardwood floors run through the units, and the first floor features 9-foot ceilings. Basement laundry serves the building, with off-street parking and a garage sized for more than two cars.
The property is in a historic district, a few blocks from Carroll University, on a tree-lined street.
The property is in a historic district, a few blocks from Carroll University, on a tree-lined street.
Key Highlights
- Four one‑bedroom apartments in a 2,460‑square‑foot building
- Built in 1897 and located in a historic district
- First‑floor ceilings reach 9 feet; apartments have hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,220
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,400
$564.4K
Cap Rate 7%
$403,143
$403.1K
Cap Rate 9%
$313,556
$313.6K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$42.2K $17.16/SF
− Vacancy
−$1.9K −$0.77/SF
EGI
$40.3K $16.39/SF
− OpEx
−$12.1K −$4.92/SF
NOI
$28.2K $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 Rate 5%
$564,400
Cap Rate 7%
$403,143
Cap Rate 9%
$313,556
Alternative Uses
Best Use
Multifamily LT 5
$403.1K
$352.8K – $470.3K
NOI $28,220 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$373.3K
$326.6K – $435.5K
NOI $26,131 @ 7.0% cap · market cap 7.47%
Theoretical Best
Flex RnD
$1.26M
$1.10M – $1.46M
NOI $87,886 @ 7.0% cap · market cap 25.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
605
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments include hardwood flooring, with shared laundry in the basement.
Where is this quadplex located?
The property is located at 206 W Laflin AVENUE Waukesha, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four one‑bedroom apartments in a 2,460‑square‑foot building; Built in 1897 and located in a historic district; First‑floor ceilings reach 9 feet; apartments have hardwood floors
