Side-by-Side Duplex with
New
For Sale
$519,900
2700 Albany Ct, Waukesha, WI 53188
Two matching residences each offer three bedrooms, private entry, a basement, and patio space.
Property Size2,698 SF
Price / SF$192.70
Days on Market2
Property Features for 2700 Albany Ct
General Information
Standard status
Active
Size
2,698 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Parking per Unit
1
Amenities
private entries
front porch
green space
back patios
full basements
Building Details
Year Built
1983
Buildings
1
Listing Agency:
The Real Estate Studio
Listed By:
Devine Team* · License #52716-94
(262) 227-6462
Source:
Levelupwi
Added: Oct 4
Changed: Oct 5
Last Checked: Oct 5 at 2:11AM
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 The Real Estate Studio
Investment Insights
Based on property information with market context.
Built in 1983, this 2,698 SF side-by-side duplex contains two residences with matching layouts. Each unit has three bedrooms, 1.5 bathrooms, a living room beside the dining area, a kitchen, a private entrance, a front porch, an attached one-car garage, and a full basement. Both also have green space and a rear patio.
Unit 2700 has recently received new flooring, fixtures, bathrooms, and paint. Unit 2702 has been cared for and features newer full bathrooms. The roof, windows, and furnaces have been updated. The property is on a cul-de-sac near I-94, shops, restaurants, WCTC, and a park and trail system.
Unit 2700 has recently received new flooring, fixtures, bathrooms, and paint. Unit 2702 has been cared for and features newer full bathrooms. The roof, windows, and furnaces have been updated. The property is on a cul-de-sac near I-94, shops, restaurants, WCTC, and a park and trail system.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 1.5 bathrooms
- 2,698 SF building, constructed in 1983
- Each residence has an attached 1‑car garage and full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,950
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,000
$619.0K
Cap Rate 7%
$442,143
$442.1K
Cap Rate 9%
$343,889
$343.9K
Market Conditions
NOI Build-Up for 2,698 SF
Gross rent
$46.3K $17.16/SF
− Vacancy
−$2.1K −$0.77/SF
EGI
$44.2K $16.39/SF
− OpEx
−$13.3K −$4.92/SF
NOI
$30.9K $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%
$619,000
Cap Rate 7%
$442,143
Cap Rate 9%
$343,889
Alternative Uses
Best Use
Multifamily LT 5
$442.1K
$386.9K – $515.8K
NOI $30,950 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$409.4K
$358.2K – $477.7K
NOI $28,659 @ 7.0% cap · market cap 5.51%
Theoretical Best
Flex RnD
$1.38M
$1.20M – $1.61M
NOI $96,389 @ 7.0% cap · market cap 18.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 53188, WI
35,552
Population
14,703
Households
2.4
Avg Household Size
41
Median Age
43%
College-Educated
97%
High-School Grad
26.8 sq mi
ZIP Area
1,327
Density / Sq Mi
$88,656
Median Household Income
$51,930
Median Earnings
$1,235
Median Rent
$317,300
Median Home Value
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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?
Duplex - Two matching residences each offer three bedrooms, private entry, a basement, and patio space.
Where is this duplex located?
The property is located at 2700 Albany Ct Waukesha, WI.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 1.5 bathrooms; 2,698 SF building, constructed in 1983; Each residence has an attached 1‑car garage and full basement
