Building Details

Year Built 1901

Buildings 1

Stories 2

Listing Agency: Fort Real Estate Company, LLC k***@yahoo.com

Listed By: Kim Foelker · License #5062190 Show Phone

Source: Lakecountryflatfee

Added: Oct 26 Changed: Oct 29 Last Checked: Oct 28 at 12:42PM

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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 Fort Real Estate Company, LLC

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Investment Insights

Based on property information with market context.

This 1,904-square-foot duplex, built in 1901, contains two apartments: a two-bedroom, one-bath residence on the main floor and a one-bedroom, one-bath residence above. The lower unit has an updated kitchen and bathroom, newer windows, a deck, and two enclosed porches. Upstairs, a newer furnace, private laundry, and a balcony serve the unit.

The property also includes a yard, a garden shed, and a separate driveway for each apartment.

Key Highlights

• Two apartments: one two‑bedroom, one‑bath unit and one one‑bedroom, one‑bath unit
• 1,904‑square‑foot duplex built in 1901
• Main‑floor apartment features an updated kitchen and bathroom, newer windows, a deck, and two enclosed porches

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,842

Cap Rate

6.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$436,840 $436.8K

Cap Rate 7%

$312,029 $312.0K

Cap Rate 9%

$242,689 $242.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,904 SF

Gross rent

$32.7K $17.16/SF

− Vacancy

−$1.5K −$0.77/SF

EGI

$31.2K $16.39/SF

− OpEx

−$9.4K −$4.92/SF

NOI

$21.8K $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%

$436,840

Cap Rate 7%

$312,029

Cap Rate 9%

$242,689

Alternative Uses

Best Use

Multifamily LT 5

$312.0K

$273.0K – $364.0K (±1% cap)

NOI $21,842 @ 7.0% cap · market cap 6.24%

Second Best

Apartment 5plus

$288.9K

$252.8K – $337.1K (±1% cap)

NOI $20,225 @ 7.0% cap · market cap 5.78%

Theoretical Best

Flex RnD

$971.7K

$850.3K – $1.13M (±1% cap)

NOI $68,022 @ 7.0% cap · market cap 19.43%

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

119

Businesses Nearby

Explore this area Business Placement

Demographics for 53119, WI

5,751

Population

2,440

Households

2.4

Avg Household Size

45

Median Age

38%

College-Educated

97%

High-School Grad

40.0 sq mi

ZIP Area

144

Density / Sq Mi

$115,292

Median Household Income

$60,360

Median Earnings

$1,037

Median Rent

$373,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Separate driveways serve the two residences, with private laundry in the upper apartment.

Where is this duplex located?

The property is located at 319 E Main STREET Unit A&B Eagle, WI.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Two apartments: one two‑bedroom, one‑bath unit and one one‑bedroom, one‑bath unit; 1,904‑square‑foot duplex built in 1901; Main‑floor apartment features an updated kitchen and bathroom, newer windows, a deck, and two enclosed porches