Triplex with Updated
For Sale
$179,900
5772 Main St, Auburndale, WI 54412
Three-unit apartment property with separate utility metering and durable exterior improvements.
Property Size2,139 SF
Lot Size0.40 Acres
Price / SF$84.10
Days on Market9
Property Features for 5772 Main St
General Information
Standard status
Active
Size
2,139 SF
Lot size
0.40 Acres
Property subtype
Multi-Unit (2-4)
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Amenities
Lot Size Acres: 0.41
Metal Roof
Sewer Type: Municipal
Total Taxes: $1,382, Tax Year: 2025, Percentage of Tax that is Deductable: 0
Has Central AC: 1, Wall/Window AC: 1
Forced Air Heating, Natural Gas Heat Fuel
Sale, Sale Type: Foreclosure
School District: Auburndale School District
Basement Type: Slab
6 Bedrooms
Above Area Square Feet: 2139
3 Full Baths
Water Source: Private Well
Construction Type: Frame
Vinyl Siding
Oven, Refrigerator
Building Details
Buildings
1
Listing Agency:
FLYING EAGLE REALTY LLC
(715) 321-4489
Listed By:
Dan Hafenbredl · License #6040890
(715) 321-4489
Source:
Doyle-realty
Added: Aug 11
Changed: Aug 18
Last Checked: Aug 19 at 7:58AM
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 FLYING EAGLE REALTY LLC
Investment Insights
Based on property information with market context.
This 2,139-square-foot triplex contains three apartments, each arranged with 2 bedrooms and 1 bathroom. The bathrooms have been updated, while a new steel roof and vinyl siding support the building’s exterior condition. Each unit is equipped with a forced-air furnace, and the property uses private well water with Village of Auburndale sewer service.
The property occupies 0.4 acres and includes additional undeveloped land on the north side. Utilities are separately metered for each unit, and the apartments have a history of full occupancy. Auburndale Elementary School and Auburndale High School are part of the Auburndale School District.
The property occupies 0.4 acres and includes additional undeveloped land on the north side. Utilities are separately metered for each unit, and the apartments have a history of full occupancy. Auburndale Elementary School and Auburndale High School are part of the Auburndale School District.
Key Highlights
- Three‑unit triplex with 2 bedrooms and 1 bathroom per unit
- 2,139 square feet on 0.4 acres
- Updated bathrooms throughout the apartments
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
$14,127
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
7.85%
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%
$282,540
$282.5K
Cap Rate 7%
$201,814
$201.8K
Cap Rate 9%
$156,967
$157.0K
Market Conditions
NOI Build-Up for 2,139 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
$21.8K $10.20/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$20.2K $9.44/SF
− OpEx
−$6.1K −$2.83/SF
NOI
$14.1K $6.60/SF
Area
Wood County, WI
Vacancy
7.50%
Lease Rate
$10.20 /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%
$282,540
Cap Rate 7%
$201,814
Cap Rate 9%
$156,967
Alternative Uses
Best Use
Multifamily LT 5
$201.8K
$176.6K – $235.5K
NOI $14,127 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$188.0K
$164.5K – $219.3K
NOI $13,157 @ 7.0% cap · market cap 7.31%
Theoretical Best
Specialty Retail
$415.0K
$363.1K – $484.1K
NOI $29,048 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 54412, WI
2,046
Population
908
Households
2.3
Avg Household Size
44
Median Age
15%
College-Educated
92%
High-School Grad
71.1 sq mi
ZIP Area
29
Density / Sq Mi
$80,872
Median Household Income
$47,066
Median Earnings
$648
Median Rent
$211,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit apartment property with separate utility metering and durable exterior improvements.
Where is this triplex located?
The property is located at 5772 Main St Auburndale, WI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Three‑unit triplex with 2 bedrooms and 1 bathroom per unit; 2,139 square feet on 0.4 acres; Updated bathrooms throughout the apartments
