Triplex with Two Commercial
5600 W Forest Home Ave Greenfield, WI 53220
For Sale
$549,900
Three separate units with two ground-floor commercial spaces and an upstairs two-bedroom apartment.
Days on Market313
Property Features for 5600 W Forest Home Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1958
Listing Agency:
Jock Team Real Estate LLC
(414) 702-8048
Listed By:
Carmen Jock
(414) 702-8048
Source:
Therealtycompanyllc
Added: Sep 21, 2025
Changed: Jul 29
Last Checked: Jul 29 at 10:33PM
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 Jock Team Real Estate LLC
Investment Insights
Based on property information with market context.
This triplex includes three separate units with a mixed commercial and residential layout. The two lower-level commercial spaces are currently operated as a beauty salon and a clock repair shop. The west unit features a reception area, multiple wash and set areas, a half bath and sink in the rear staging area. The east unit is set up as a clock repair shop.
Both lower-level commercial units have gas furnace and central air. The upper unit is a two-bedroom apartment with a full bath, an eat-in kitchen, and a spacious living room, also served by gas furnace and central air.
Built in 1958, the property is described as highly visible, with the commercial units positioned on the lower level and the apartment above.
Both lower-level commercial units have gas furnace and central air. The upper unit is a two-bedroom apartment with a full bath, an eat-in kitchen, and a spacious living room, also served by gas furnace and central air.
Built in 1958, the property is described as highly visible, with the commercial units positioned on the lower level and the apartment above.
Key Highlights
- Two ground‑floor commercial units: beauty salon (west) and clock repair shop (east)
- Upper unit apartment includes two bedrooms, full bath, eat‑in kitchen, and spacious living room
- Both lower‑level commercial units have gas furnace and central air
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 | $74.5k | $16.20 |
| − Vacancy | −$4.1k | −$0.89 |
| EGI | $70.4k | $15.31 |
| − OpEx | −$21.1k | −$4.59 |
| NOI | $49.3k | $10.72 |
4,600 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$704.2K
$616.2K – $821.6K
NOI $49,295 @ 7.0% cap · market cap 8.96%
Second Best
Retail
$665.2K
$582.0K – $776.0K
NOI $46,561 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$1.09M
$954.5K – $1.27M
NOI $76,358 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three separate units with two ground-floor commercial spaces and an upstairs two-bedroom apartment.
Where is this triplex located?
The property is located at 5600 W Forest Home Ave Greenfield, WI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two ground‑floor commercial units: beauty salon (west) and clock repair shop (east); Upper unit apartment includes two bedrooms, full bath, eat‑in kitchen, and spacious living room; Both lower‑level commercial units have gas furnace and central air
