Updated Two-Family
New
For Sale
$379,900
Pending
4681 N 125th St #4683, Butler, WI 53007
Two residential units, a divided two-car garage, and nearby community amenities support flexible owner-occupant use.
Property Size1,825 SF
Days on Market6
Property Features for 4681 N 125th St #4683
General Information
Standard status
Pending
Size
1,825 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
paver patio
Building Details
Year Built
1966
Buildings
1
Listing Agency:
Juniper Realty Group LLC
Listed By:
Jennifer Konop · License #40843
(414) 651-0970
Source:
Housesthatshine
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 5:00AM
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 Juniper Realty Group LLC
Investment Insights
Based on property information with market context.
This 1,825-square-foot duplex, built in 1966, includes two residential units with a practical layout. The lower residence offers three bedrooms and 1.5 baths, along with a remodeled kitchen and bath, new carpet, and abundant natural light. The upper unit includes two bedrooms and one bath. A two-car garage features a dividing wall, with additional parking and a paver patio adding useful outdoor and storage-related features.
The property is located in Butler near Hwy 45 and within the Sussex Hamilton School District. The convenience store, farmers market, and library are within walking distance, providing convenient access to nearby community services and destinations.
The property is located in Butler near Hwy 45 and within the Sussex Hamilton School District. The convenience store, farmers market, and library are within walking distance, providing convenient access to nearby community services and destinations.
Key Highlights
- Two‑unit duplex with 1,825 square feet of total property size
- Lower unit offers 3 bedrooms and 1.5 baths
- Upper unit includes 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,935
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$418,700
$418.7K
Cap Rate 7%
$299,071
$299.1K
Cap Rate 9%
$232,611
$232.6K
Market Conditions
NOI Build-Up for 1,825 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.3K $17.16/SF
− Vacancy
−$1.4K −$0.77/SF
EGI
$29.9K $16.39/SF
− OpEx
−$9.0K −$4.92/SF
NOI
$20.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$418,700
Cap Rate 7%
$299,071
Cap Rate 9%
$232,611
Alternative Uses
Best Use
Multifamily LT 5
$299.1K
$261.7K – $348.9K
NOI $20,935 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$276.9K
$242.3K – $323.1K
NOI $19,386 @ 7.0% cap · market cap 5.10%
Theoretical Best
Flex RnD
$931.4K
$815.0K – $1.09M
NOI $65,200 @ 7.0% cap · market cap 17.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 53007, WI
1,787
Population
907
Households
2
Avg Household Size
42
Median Age
30%
College-Educated
93%
High-School Grad
0.8 sq mi
ZIP Area
2,234
Density / Sq Mi
$55,577
Median Household Income
$41,250
Median Earnings
$937
Median Rent
$216,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units, a divided two-car garage, and nearby community amenities support flexible owner-occupant use.
Where is this duplex located?
The property is located at 4681 N 125th St #4683 Butler, WI.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,825 square feet of total property size; Lower unit offers 3 bedrooms and 1.5 baths; Upper unit includes 2 bedrooms and 1 bath
