Duplex with
For Sale
$599,000
4071 W Mangold Ave, Greenfield, WI 53221
Each residence offers three bedrooms, two-and-a-half bathrooms, a basement, and an attached one-car garage.
Property Size1,658 SF
Price / SF$361.28
Days on Market17
Property Features for 4071 W Mangold Ave
General Information
Standard status
Active
Size
1,658 SF
Total Parking Spaces
1
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,000
Amenities
fireplace
privacy fence
decks
shed
Building Details
Buildings
1
Listing Agency:
Wyndham Realtors LLC
Listed By:
Dara Atlija
(414) 397-8992
Source:
Exprealty
Added: Oct 19
Changed: Nov 1
Last Checked: Nov 3 at 6:59AM
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 Wyndham Realtors LLC
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Investment Insights
Based on property information with market context.
This duplex contains two townhouse-style residences, each with 1,658 square feet, three bedrooms, two walk-in closets, and two-and-a-half bathrooms. Both units have a large living room with a fireplace, a separate basement, and an attached one-car garage. The kitchens include stone finishes, and appliances are included. Unit 1 also has a kitchenette in the garage.
Property improvements include a roof installed three years ago and furnaces replaced four years ago in both units. One air-conditioning unit is new, and two bathrooms have been updated. Other features include newer decks, exterior lighting, a white privacy fence, a utility sink, and a shed.
Property improvements include a roof installed three years ago and furnaces replaced four years ago in both units. One air-conditioning unit is new, and two bathrooms have been updated. Other features include newer decks, exterior lighting, a white privacy fence, a utility sink, and a shed.
Key Highlights
- Two townhouse‑style units, each with 1,658 square feet
- Each residence has 3 bedrooms, 2 walk‑in closets, and 2.5 bathrooms
- Fireplaces in both living rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,768
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,360
$355.4K
Cap Rate 7%
$253,829
$253.8K
Cap Rate 9%
$197,422
$197.4K
Market Conditions
NOI Build-Up for 1,658 SF
Gross rent
$26.9K $16.20/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$25.4K $15.31/SF
− OpEx
−$7.6K −$4.59/SF
NOI
$17.8K $10.72/SF
Area
ZIP 53221
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%
$355,360
Cap Rate 7%
$253,829
Cap Rate 9%
$197,422
Alternative Uses
Best Use
Multifamily LT 5
$253.8K
$222.1K – $296.1K
NOI $17,768 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$225.3K
$197.1K – $262.9K
NOI $15,771 @ 7.0% cap · market cap 2.63%
Theoretical Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $87,974 @ 7.0% cap · market cap 14.69%
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
65
Businesses Nearby
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Business Placement
Demographics for 53221, WI
39,560
Population
17,126
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
9.0 sq mi
ZIP Area
4,396
Density / Sq Mi
$61,640
Median Household Income
$41,430
Median Earnings
$1,071
Median Rent
$205,500
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 offers three bedrooms, two-and-a-half bathrooms, a basement, and an attached one-car garage.
Where is this duplex located?
The property is located at 4071 W Mangold Ave Greenfield, WI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two townhouse‑style units, each with 1,658 square feet; Each residence has 3 bedrooms, 2 walk‑in closets, and 2.5 bathrooms; Fireplaces in both living rooms
