Duplex with Private
5324-5322 Root River Dr, Greendale, WI 53129
For Sale
$485,000
Each residence has three bedrooms, one-and-a-half baths, and its own basement.
Property Size2,706 SF
Price / SF$179.23
Days on Market11
Property Features for 5324-5322 Root River Dr
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
fenced yard
patios
private basement
Listing Agency:
REMAX Market Place
(414) 439-3696
Listed By:
Steve Westrick · License WI 41125-94
(414) 405-3828
Source:
Exprealty
Added: Nov 1
Changed: Nov 10
Last Checked: Nov 10 at 2:11PM
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 REMAX Market Place
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,706-square-foot duplex contains two townhouse-style residences, each with a living room, kitchen and dinette, three bedrooms, one-and-a-half baths, and a private basement. The building has a partial-brick exterior, with newer siding and windows. Outdoor features include a fenced yard and patios on a corner lot, along with a street-facing privacy fence. A side driveway leads to a two-car garage.
Key Highlights
- Two townhouse‑style residences, each with 3 bedrooms and 1.5 baths
- 2,706 square feet of property area
- Separate private basement for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,998
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,960
$580.0K
Cap Rate 7%
$414,257
$414.3K
Cap Rate 9%
$322,200
$322.2K
Market Conditions
NOI Build-Up for 2,706 SF
Gross rent
$43.8K $16.20/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$41.4K $15.31/SF
− OpEx
−$12.4K −$4.59/SF
NOI
$29.0K $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%
$579,960
Cap Rate 7%
$414,257
Cap Rate 9%
$322,200
Alternative Uses
Best Use
Multifamily LT 5
$414.3K
$362.5K – $483.3K
NOI $28,998 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$370.1K
$323.8K – $431.7K
NOI $25,904 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$641.7K
$561.5K – $748.6K
NOI $44,918 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 53129, WI
14,793
Population
6,046
Households
2.4
Avg Household Size
44
Median Age
49%
College-Educated
96%
High-School Grad
5.1 sq mi
ZIP Area
2,901
Density / Sq Mi
$95,412
Median Household Income
$55,956
Median Earnings
$1,177
Median Rent
$288,400
Median Home Value
Market
Average Price Trend$/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 - Each residence has three bedrooms, one-and-a-half baths, and its own basement.
Where is this duplex located?
The property is located at 5324-5322 Root River Dr Greendale, WI.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two townhouse‑style residences, each with 3 bedrooms and 1.5 baths; 2,706 square feet of property area; Separate private basement for each residence
