Listing Agency: RE/MAX Forward Show Phone

Listed By: Stacie Calarco Show Phone

Source: Exprealty

Added: Oct 21 Changed: Oct 28 Last Checked: Oct 28 at 3:51PM

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Investment Insights

Based on property information with market context.

This duplex contains two townhouse-style residences, each with three bedrooms, one-and-a-half bathrooms, and a basement. The combined property measures 2,500 square feet and occupies a quarter-acre lot.

A tree-lined backyard provides outdoor space behind the residences. The property is located in Greendale, Wisconsin, at 7360 Old Loomis Rd.

Key Highlights

• Two townhouse‑style units, each with 3 bedrooms and 1.5 bathrooms
• Basement in each unit
• 2,500 square feet on a quarter‑acre lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,791

Cap Rate

5.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$535,820 $535.8K

Cap Rate 7%

$382,729 $382.7K

Cap Rate 9%

$297,678 $297.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$40.5K $16.20/SF

− Vacancy

−$2.2K −$0.89/SF

EGI

$38.3K $15.31/SF

− OpEx

−$11.5K −$4.59/SF

NOI

$26.8K $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%

$535,820

Cap Rate 7%

$382,729

Cap Rate 9%

$297,678

Alternative Uses

Best Use

Multifamily LT 5

$382.7K

$334.9K – $446.5K (±1% cap)

NOI $26,791 @ 7.0% cap · market cap 5.95%

Second Best

Apartment 5plus

$341.9K

$299.2K – $398.9K (±1% cap)

NOI $23,932 @ 7.0% cap · market cap 5.32%

Theoretical Best

Office A

$592.8K

$518.7K – $691.7K (±1% cap)

NOI $41,499 @ 7.0% cap · market cap 9.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

390

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

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two residences each include three bedrooms, one-and-a-half bathrooms, and a basement.

Where is this duplex located?

The property is located at 7360 Old Loomis Rd Greendale, WI.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Two townhouse‑style units, each with 3 bedrooms and 1.5 bathrooms; Basement in each unit; 2,500 square feet on a quarter‑acre lot