Townhouse-Style
New
For Sale
$479,900
457 N Grandview Boulevard #459, Waukesha, WI 53188
Both residences have three upstairs bedrooms, and the tenant-occupied unit includes a finished basement with a wet bar.
Property Size2,714 SF
Price / SF$176.82
Days on Market4
Property Features for 457 N Grandview Boulevard #459
General Information
Standard status
Active
Size
2,714 SF
Property subtype
Multi Family Home
Zoning
res
Building Details
Building Size
2,714 SF
Year Built
1969
Listing Agency:
Redefined Realty Advisors LLC
(262) 732-5800
Listed By:
William Schmidt · License #7404494
(262) 212-3375
Source:
Howardandwilliams
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:51AM
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 Redefined Realty Advisors LLC
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Investment Insights
Based on property information with market context.
Built in 1969, this residential duplex is arranged as two mirror-image townhouse-style units. Each has a kitchen, dining room, spacious living room and half bath on the main level, with three bedrooms and a dual-entry full bath upstairs. The tenant-occupied side also has a finished basement with a wet bar.
Patio doors from both units open onto a deck overlooking the backyard. The property includes a detached 2.5-car garage and a garden shed. The house and garage have new roofs; the windows have been replaced, and a retaining wall runs along the property's north side. Zoning is residential.
Patio doors from both units open onto a deck overlooking the backyard. The property includes a detached 2.5-car garage and a garden shed. The house and garage have new roofs; the windows have been replaced, and a retaining wall runs along the property's north side. Zoning is residential.
Key Highlights
- Two townhouse‑style units with matching layouts and three bedrooms each
- Finished basement with wet bar in the tenant‑occupied unit
- Patio doors from both units open to a deck overlooking the backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,134
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,680
$622.7K
Cap Rate 7%
$444,771
$444.8K
Cap Rate 9%
$345,933
$345.9K
Market Conditions
NOI Build-Up for 2,714 SF
Gross rent
$46.6K $17.16/SF
− Vacancy
−$2.1K −$0.77/SF
EGI
$44.5K $16.39/SF
− OpEx
−$13.3K −$4.92/SF
NOI
$31.1K $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%
$622,680
Cap Rate 7%
$444,771
Cap Rate 9%
$345,933
Alternative Uses
Best Use
Multifamily LT 5
$444.8K
$389.2K – $518.9K
NOI $31,134 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$411.8K
$360.4K – $480.5K
NOI $28,829 @ 7.0% cap · market cap 6.01%
Theoretical Best
Flex RnD
$1.39M
$1.21M – $1.62M
NOI $96,960 @ 7.0% cap · market cap 20.20%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
212
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 - Both residences have three upstairs bedrooms, and the tenant-occupied unit includes a finished basement with a wet bar.
Where is this duplex located?
The property is located at 457 N Grandview Boulevard #459 Waukesha, WI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Two townhouse‑style units with matching layouts and three bedrooms each; Finished basement with wet bar in the tenant‑occupied unit; Patio doors from both units open to a deck overlooking the backyard
