3-Unit Triplex Apartment
New
For Sale
$179,900
5772 Main St, Auburndale, WI 54412
MULTI_FAMILY - Auburndale, WI
Property Size2,139 SF
Lot Size0.41 Acres
Price / SF$84.10
Days on Market1
Property Features for 5772 Main St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 3
High school district
Auburndale School District
Directions
Main St. in Auburndale look for Flying Eagle Realty sign on property between the old Antique Store and Willys.
Standard status
Active
APN
2300059
Size
2,139 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1382
Utilities
Heating system
Natural Gas, Forced Air
Water source
Well
Building Details
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
FLYING EAGLE REALTY LLC
(715) 321-4489
Listed By:
Dan Hafenbredl · License #6040890
(715) 321-4489
Added: Aug 11
Last Checked: Aug 11 at 5:06PM
MLS# 11929237
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3-unit triplex apartment building contains three two-bedroom, one-bath residences within 2,139 square feet. The bathrooms have been updated, while vinyl siding and a new metal roof provide durable exterior components. Each unit is served by a natural gas forced air furnace, and separate utility metering supports straightforward administration.
The property occupies 0.41 acres at 5772 Main St in Auburndale, Wisconsin, with private well water and Village of Auburndale sewer service. Vacant land lies to the north. The property has full occupancy and a rental history described as consistently strong. Each apartment includes two bedrooms and one bathroom, creating a consistent configuration across the building.
The property occupies 0.41 acres at 5772 Main St in Auburndale, Wisconsin, with private well water and Village of Auburndale sewer service. Vacant land lies to the north. The property has full occupancy and a rental history described as consistently strong. Each apartment includes two bedrooms and one bathroom, creating a consistent configuration across the building.
Key Highlights
- 3‑unit apartment building with three 2‑bedroom, 1‑bath units
- 2,139 square feet on 0.41 acres
- Updated bathrooms in all units
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
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
20
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
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers two bedrooms and one bathroom, with updated baths and individually metered utilities.
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: 3‑unit apartment building with three 2‑bedroom, 1‑bath units; 2,139 square feet on 0.41 acres; Updated bathrooms in all units
