10-Unit Apartment
New
For Sale
$1,400,000
220 W Grand Ave, Port Washington, WI 53074
The property offers three floor plan configurations and dedicated parking for residents.
Property Size7,488 SF
Price / SF$186.97
Days on Market4
Property Features for 220 W Grand Ave
General Information
Standard status
Active
Size
7,488 SF
Property subtype
Multi-Family
Units
Unit Mix
10 x 1BR/1BA
Multifamily Units
10
Parking per Unit
1
Building Details
Year Built
1985
Listed By:
Tiffany Holtz | Coldwell Banker
(920) 574-4422
Source:
Tiffanyholtz
Added: Oct 16
Last Checked: Oct 16 at 2:33PM
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 Tiffany Holtz | Coldwell Banker
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Investment Insights
Based on property information with market context.
This 7,488-square-foot apartment building, constructed in 1985, contains 10 residences. Each apartment has one bedroom and one bathroom, with three floor plan configurations across the property. Parking includes one space for each unit, plus additional spaces.
Downtown Port Washington, shopping, and Lake Michigan are within walking distance.
Downtown Port Washington, shopping, and Lake Michigan are within walking distance.
Key Highlights
- 10 apartments, each with 1 bedroom and 1 bathroom
- 7,488 square feet; built in 1985
- Three floor plan configurations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,487
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,489,740
$1.5M
Cap Rate 7%
$1,064,100
$1.1M
Cap Rate 9%
$827,633
$827.6K
Market Conditions
NOI Build-Up for 7,488 SF
Gross rent
$143.8K $19.20/SF
− Vacancy
−$8.3K −$1.11/SF
EGI
$135.4K $18.09/SF
− OpEx
−$60.9K −$8.14/SF
NOI
$74.5K $9.95/SF
Area
Ozaukee County, WI
Vacancy
5.80%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,489,740
Cap Rate 7%
$1,064,100
Cap Rate 9%
$827,633
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$931.1K – $1.24M
NOI $74,487 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,498 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 53074, WI
13,379
Population
5,859
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
30.3 sq mi
ZIP Area
442
Density / Sq Mi
$78,944
Median Household Income
$48,089
Median Earnings
$1,024
Median Rent
$276,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The property offers three floor plan configurations and dedicated parking for residents.
Where is this apartment building located?
The property is located at 220 W Grand Ave Port Washington, WI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 10 apartments, each with 1 bedroom and 1 bathroom; 7,488 square feet; built in 1985; Three floor plan configurations
