Duplex Farmhouse with Drive-Through
5402 Northwest Highway Waterford, WI 53185
New
5402 Northwest Highway, Waterford, WI, 53185
$650,000
For Sale
$650,000
Duplex farmhouse on 8.6 wooded acres with two 3-bedroom units and a 34' x 115' drive-through metal barn.
Property Size2,130 SF
Lot Size8.60 Acres
Price / SF$305.16
Days on Market6
Property Features for 5402 Northwest Highway
General Information
- Standard status
- Active
- Size
- 2,130 SF
- Lot size
- 8.60 Acres
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1934
Listing agency
Rock Solid Realty Group
(414) 699-8219
Listed by
The A Team* · License #93204-94
(414) 699-8219
Source
Compass
Added: Jul 17 Updated: Jul 21 at 6:43PM Checked: Jul 21 at 6:43PM
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 Rock Solid Realty Group
Investment Insights
Based on property information with market context.
Well-maintained 2-story farmhouse currently configured as a duplex offers two separate units. Each unit includes three bedrooms, one full bathroom, a spacious eat-in kitchen, and a laundry room. The property is situated on 8.6 scenic wooded acres zoned A-1 with horses permitted.
The site includes a 34' x 115' drive-through metal barn featuring two oversized overhead doors. The building can support a variety of uses, including equipment storage, RV storage, and workshop or hobby space.
An owner-occupant or tenant setup can be supported by the duplex configuration, while the acreage and horse-permitted zoning provide additional rural flexibility for day-to-day living and related uses allowed under A-1.
The site includes a 34' x 115' drive-through metal barn featuring two oversized overhead doors. The building can support a variety of uses, including equipment storage, RV storage, and workshop or hobby space.
An owner-occupant or tenant setup can be supported by the duplex configuration, while the acreage and horse-permitted zoning provide additional rural flexibility for day-to-day living and related uses allowed under A-1.
Key Highlights
- 2‑story duplex farmhouse on 8.6 wooded acres, zoned A‑1 and allows horses
- Each unit has 3 bedrooms and 1 full bath, with a spacious eat‑in kitchen and laundry room
- Estimated total living area: 2,130 SF; full walk‑out/outer door basement
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.5k | $16.20 |
| − Vacancy | −$1.3k | −$0.62 |
| EGI | $33.2k | $15.58 |
| − OpEx | −$10.0k | −$4.68 |
| NOI | $23.2k | $10.91 |
2,130 SF · lease $16.20/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.9K
$290.5K – $387.3K
NOI $23,236 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$289.2K
$253.1K – $337.4K
NOI $20,244 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$512.2K
$448.2K – $597.6K
NOI $35,856 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Trademark Cleaning LLC
Commercial Cleaning Service
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex farmhouse on 8.6 wooded acres with two 3-bedroom units and a 34' x 115' drive-through metal barn.
Where is this duplex located?
The property is located at 5402 Northwest Highway Waterford, WI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2‑story duplex farmhouse on 8.6 wooded acres, zoned A‑1 and allows horses; Each unit has 3 bedrooms and 1 full bath, with a spacious eat‑in kitchen and laundry room; Estimated total living area: 2,130 SF; full walk‑out/outer door basement
