2-Unit Brick Ranch
4004-4002 S 91st Pl, Greenfield, WI 53228
For Sale
New
$449,900
Separate gas and electric service serves each residence, with water and sewer paid by the owner.
Property Size2,358 SF
Price / SF$190.80
Days on Market4
Property Features for 4004-4002 S 91st Pl
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Construction
Listing Agency:
Realty Executives Integrity-East Troy
(262) 369-8900
Listed By:
Pamela Burki · License #4864690
(262) 203-1812
Source:
Exprealty
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:46PM
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-East Troy
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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.
Built in 1971, this 2,358-square-foot brick ranch is configured as a side-by-side duplex with two- and three-bedroom residences. The three-bedroom unit includes a three-season room and a finished lower-level entertainment area with a wet bar, pool table, full bathroom, flex space, and kitchenette. A two-car garage serves the property, and the house and garage roofs are five years old.
Each unit has separate gas and electric service; the owner covers water and sewer. The two-bedroom residence is rented, while the three-bedroom unit is owner occupied.
Each unit has separate gas and electric service; the owner covers water and sewer. The two-bedroom residence is rented, while the three-bedroom unit is owner occupied.
Key Highlights
- Side‑by‑side brick duplex with 2,358 square feet, built in 1971
- Two‑bedroom and three‑bedroom units; the three‑bedroom residence is owner occupied
- Separate gas and electric service for each unit; owner pays water and sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,269
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,380
$505.4K
Cap Rate 7%
$360,986
$361.0K
Cap Rate 9%
$280,767
$280.8K
Market Conditions
NOI Build-Up for 2,358 SF
Gross rent
$38.2K $16.20/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$36.1K $15.31/SF
− OpEx
−$10.8K −$4.59/SF
NOI
$25.3K $10.72/SF
Area
Milwaukee County, WI
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,380
Cap Rate 7%
$360,986
Cap Rate 9%
$280,767
Alternative Uses
Best Use
Multifamily LT 5
$361.0K
$315.9K – $421.2K
NOI $25,269 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$322.5K
$282.2K – $376.2K
NOI $22,573 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$559.2K
$489.3K – $652.4K
NOI $39,142 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 53228, WI
15,341
Population
7,180
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
2,950
Density / Sq Mi
$75,288
Median Household Income
$54,006
Median Earnings
$1,220
Median Rent
$254,700
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Milwaukee County, WI
Properties on Market for Duplexes in Milwaukee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric service serves each residence, with water and sewer paid by the owner.
Where is this duplex located?
The property is located at 4004-4002 S 91st Pl Greenfield, WI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Side‑by‑side brick duplex with 2,358 square feet, built in 1971; Two‑bedroom and three‑bedroom units; the three‑bedroom residence is owner occupied; Separate gas and electric service for each unit; owner pays water and sewer
