Side-by-Side Duplex with Attached
2718-2716 Welsh Ct, Waukesha, WI 53188
For Sale
$525,000
Both residences are vacant and have private entrances, partially finished basements, and separate patios.
Property Size2,408 SF
Price / SF$218.02
Days on Market26
Property Features for 2718-2716 Welsh Ct
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private entrance
attached garage
private backyard
separate patios
laundry areas
Building Details
Buildings
Listing Agency:
Lake Country Flat Fee
(262) 567-5700
Listed By:
Paul Liebe · License WI #5158790
(262) 447-0923
Source:
Exprealty
Added: Oct 20
Changed: Nov 12
Last Checked: Nov 12 at 2:30PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side duplex in Waukesha contains two townhome-style residences, each with 3 bedrooms, 1.5 bathrooms, a private entrance, and an attached garage. The 2,408 SF property also includes partially finished basements with laundry areas. Kitchens are equipped with appliances, and new carpeting is installed upstairs in both units.
Set at the end of a cul-de-sac, the property has a private backyard with separate patios. Both residences are vacant, offering flexibility for a future occupant or leasing plan.
Set at the end of a cul-de-sac, the property has a private backyard with separate patios. Both residences are vacant, offering flexibility for a future occupant or leasing plan.
Key Highlights
- Two townhome‑style units, each with 3 bedrooms and 1.5 bathrooms
- 2,408 SF property with an attached garage for each residence
- Partially finished basement and laundry area in each unit
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and have private entrances, partially finished basements, and separate patios.
Where is this duplex located?
The property is located at 2718-2716 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 townhome‑style units, each with 3 bedrooms and 1.5 bathrooms; 2,408 SF property with an attached garage for each residence; Partially finished basement and laundry area in each unit
