Fully Rented Duplex
804 John Street Waukesha, WI 53188
804 John Street, Waukesha, WI, 53188
$407,000
For Sale
$407,000
Duplex offers two spacious units with 3 bedrooms and 1 full bathroom each, fully rented.
Property Size2,250 SF
Price / SF$180.89
Days on Market135
Property Features for 804 John Street
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1964
Listing agency
Keller Williams Realty-Milwaukee Southwest
(262) 297-8843
Listed by
Connected Real Estate Team* · License #98652-94
(262) 297-8843
Source
Compass
Added: Mar 9 Updated: Jul 21 at 6:52AM Checked: Jul 21 at 6:52AM
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 Keller Williams Realty-Milwaukee Southwest
Investment Insights
Based on property information with market context.
This fully rented duplex includes two units with functional layouts and generous living space. Each unit features 3 bedrooms and 1 full bathroom, creating a consistent configuration across the property.
The property is located in an established Waukesha neighborhood with convenient access to shopping, restaurants, parks, and major commuting routes.
For investors, the existing tenancy supports immediate income while providing a straightforward duplex ownership structure.
The property is located in an established Waukesha neighborhood with convenient access to shopping, restaurants, parks, and major commuting routes.
For investors, the existing tenancy supports immediate income while providing a straightforward duplex ownership structure.
Key Highlights
- Fully rented duplex with two units
- Each unit features 3 bedrooms and 1 full bathroom
- Each unit offers upper and lower living space with functional layouts
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 | $38.6k | $17.16 |
| − Vacancy | −$1.7k | −$0.77 |
| EGI | $36.9k | $16.39 |
| − OpEx | −$11.1k | −$4.92 |
| NOI | $25.8k | $11.47 |
2,250 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$368.7K
$322.6K – $430.2K
NOI $25,811 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$341.4K
$298.8K – $398.3K
NOI $23,900 @ 7.0% cap · market cap 5.87%
Theoretical Best
Flex RnD
$1.15M
$1.00M – $1.34M
NOI $80,383 @ 7.0% cap · market cap 19.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers two spacious units with 3 bedrooms and 1 full bathroom each, fully rented.
Where is this duplex located?
The property is located at 804 John Street Waukesha, WI.
What is the asking price?
The asking price for this property is $407,000.
What are key features of this property?
This property features: Fully rented duplex with two units; Each unit features 3 bedrooms and 1 full bathroom; Each unit offers upper and lower living space with functional layouts
