Two-Unit Duplex with Attached
For Sale
$525,000
2716 Welsh Ct, Waukesha, WI 53188
Each residence has a private entry, a partially finished basement, and its own patio.
Property Size2,408 SF
Price / SF$218.02
Days on Market16
Property Features for 2716 Welsh Ct
General Information
Standard status
Active
Size
2,408 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,568
Amenities
private backyard
separate patios
laundry areas
attached garage
Building Details
Buildings
1
Listing Agency:
Lake Country Flat Fee
(262) 567-5700
Listed By:
Paul Liebe · License #5158790
(262) 447-0923
Source:
Exprealty
Added: Oct 20
Changed: Nov 3
Last Checked: Nov 3 at 2:57PM
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 Lake Country Flat Fee
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two townhome-style residences, each with 3 bedrooms and 1.5 baths. Both units have private entrances, attached garages, appliance-equipped kitchens, and living rooms. Upstairs are three bedrooms and a full bath; each basement is partially finished and includes a laundry area. The property totals 2,408 square feet, and both units are vacant.
Situated at the end of a cul-de-sac in Waukesha, the property has a backyard with separate patios. Its address is 2716 Welsh Ct.
Situated at the end of a cul-de-sac in Waukesha, the property has a backyard with separate patios. Its address is 2716 Welsh Ct.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 1.5 baths
- 2,408 square feet total
- Private entrance and attached garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,623
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,460
$552.5K
Cap Rate 7%
$394,614
$394.6K
Cap Rate 9%
$306,922
$306.9K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$41.3K $17.16/SF
− Vacancy
−$1.9K −$0.77/SF
EGI
$39.5K $16.39/SF
− OpEx
−$11.8K −$4.92/SF
NOI
$27.6K $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%
$552,460
Cap Rate 7%
$394,614
Cap Rate 9%
$306,922
Alternative Uses
Best Use
Multifamily LT 5
$394.6K
$345.3K – $460.4K
NOI $27,623 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$365.4K
$319.7K – $426.3K
NOI $25,579 @ 7.0% cap · market cap 4.87%
Theoretical Best
Flex RnD
$1.23M
$1.08M – $1.43M
NOI $86,028 @ 7.0% cap · market cap 16.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a private entry, a partially finished basement, and its own patio.
Where is this duplex located?
The property is located at 2716 Welsh Ct Waukesha, WI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 1.5 baths; 2,408 square feet total; Private entrance and attached garage for each residence
