50-Unit Apartment
New
For Sale
$7,500,000
240 E Dekora St, Saukville, WI 53080
The portfolio includes one- and two-bedroom apartments, studios, townhouse units, app-based laundry and on-site parking.
Property Size43,266 SF
Price / SF$173.35
Days on Market6
Property Features for 240 E Dekora St
General Information
Standard status
Active
Size
43,266 SF
Total Parking Spaces
78
Property subtype
Multi-Family
Units
Unit Mix
20 x 1BR/1BA, 18 x 2BR/1BA, 10 x 2BR/1.5BA Townhouse, 2 x Studio
Multifamily Units
50
Amenities
Pay-By-App Laundry
Building Details
Year Built
1973
Buildings
5
Listing Agency:
Realty Executives Integrity~Brookfield
Listed By:
Brian Roslawski brookfieldfrontdesk@realtyexecutives.com
Source:
Homesinwisconsin
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 8:12PM
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 Integrity~Brookfield
Investment Insights
Based on property information with market context.
This 50-unit apartment portfolio includes a mix of studios, one-bedroom and two-bedroom apartments, and two-bedroom townhouse units. At 240 E Dekora St, the mix comprises 12 one-bedroom, one-bathroom units; two two-bedroom, one-bathroom units; and 10 two-bedroom, 1.5-bathroom townhouses. The other listed properties are 445 W Grand Ave, 1707 N Wisconsin, and 1644 N Benjamin, with studio, one-bedroom and two-bedroom units.
The properties are located in Port Washington and Saukville, Wisconsin. Amenities include 78 parking spaces, a two-car garage and app-based laundry.
The properties are located in Port Washington and Saukville, Wisconsin. Amenities include 78 parking spaces, a two-car garage and app-based laundry.
Key Highlights
- 50 apartment units across a mix of studios, apartments and townhouses
- 240 E Dekora St includes 12 one‑bedroom, one‑bathroom units; 2 two‑bedroom, one‑bathroom units; and 10 two‑bedroom, 1.5‑bathroom townhouses
- 445 W Grand Ave has 8 two‑bedroom, one‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$430,389
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,607,780
$8.6M
Cap Rate 7%
$6,148,414
$6.1M
Cap Rate 9%
$4,782,100
$4.8M
Market Conditions
NOI Build-Up for 43,266 SF
Gross rent
$830.7K $19.20/SF
− Vacancy
−$48.2K −$1.11/SF
EGI
$782.5K $18.09/SF
− OpEx
−$352.1K −$8.14/SF
NOI
$430.4K $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%
$8,607,780
Cap Rate 7%
$6,148,414
Cap Rate 9%
$4,782,100
Alternative Uses
Best Use
Apartment 5plus
$6.15M
$5.38M – $7.17M
NOI $430,389 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.19M
$8.92M – $11.89M
NOI $713,577 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
50
Residential units
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 53080, WI
5,457
Population
2,425
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
98%
High-School Grad
28.6 sq mi
ZIP Area
191
Density / Sq Mi
$82,903
Median Household Income
$45,331
Median Earnings
$959
Median Rent
$291,700
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
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Frequently Asked Questions
What type of property is this?
Apartment building - The portfolio includes one- and two-bedroom apartments, studios, townhouse units, app-based laundry and on-site parking.
Where is this apartment building located?
The property is located at 240 E Dekora St Saukville, WI.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 50 apartment units across a mix of studios, apartments and townhouses; 240 E Dekora St includes 12 one‑bedroom, one‑bathroom units; 2 two‑bedroom, one‑bathroom units; and 10 two‑bedroom, 1.5‑bathroom townhouses; 445 W Grand Ave has 8 two‑bedroom, one‑bathroom units
