Side-by-Side Duplex with Private
463-461 N Moreland Boulevard, Waukesha, WI 53188
For Sale
$469,900
Both residences include open-concept layouts, private basements, attached garages, and separate lawn areas.
Property Size2,005 SF
Price / SF$234.36
Days on Market71
Property Features for 463-461 N Moreland Boulevard
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Average Monthly Rent
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Listing Agency:
Homestead Realty, Inc
(800) 339-4444
Listed By:
Michelle Hintz · License WI 94055-94
(414) 364-6090
Source:
Exprealty
Added: Sep 2
Changed: Nov 10
Last Checked: Nov 10 at 2:12PM
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 Homestead Realty, Inc
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Investment Insights
Based on property information with market context.
This 2,005-square-foot duplex contains two side-by-side residences, each configured with 2 bedrooms and 1 bathroom. Open-concept floor plans and mostly hardwood flooring define the interiors. Each unit also has a private basement, an attached one-car deep garage, additional parking, a patio, and its own lawn. Unit 463 has a new central air unit, furnace, and water heater.
Tenants cover utilities other than water and sewer. The lease for Unit 461 runs through April 30, 2027. Parks, restaurants, and shopping are within walking distance, and public transportation is nearby.
Tenants cover utilities other than water and sewer. The lease for Unit 461 runs through April 30, 2027. Parks, restaurants, and shopping are within walking distance, and public transportation is nearby.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 bathroom
- 2,005‑square‑foot duplex
- Each residence has a private basement and attached one‑car deep garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,000
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,000
$460.0K
Cap Rate 7%
$328,571
$328.6K
Cap Rate 9%
$255,556
$255.6K
Market Conditions
NOI Build-Up for 2,005 SF
Gross rent
$34.4K $17.16/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$32.9K $16.39/SF
− OpEx
−$9.9K −$4.92/SF
NOI
$23.0K $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%
$460,000
Cap Rate 7%
$328,571
Cap Rate 9%
$255,556
Alternative Uses
Best Use
Multifamily LT 5
$328.6K
$287.5K – $383.3K
NOI $23,000 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$304.3K
$266.2K – $355.0K
NOI $21,298 @ 7.0% cap · market cap 4.53%
Theoretical Best
Flex RnD
$1.02M
$895.4K – $1.19M
NOI $71,631 @ 7.0% cap · market cap 15.24%
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
534
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 include open-concept layouts, private basements, attached garages, and separate lawn areas.
Where is this duplex located?
The property is located at 463-461 N Moreland Boulevard Waukesha, WI.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 bathroom; 2,005‑square‑foot duplex; Each residence has a private basement and attached one‑car deep garage
