Side-by-Side Duplex with
For Sale
$290,000
860 Genesee St, Waukesha, WI 53186
Two residential units offer eat-in kitchens, central air, private basements, and separate utility service.
Property Size1,332 SF
Price / SF$217.72
Days on Market51
Property Features for 860 Genesee St
General Information
Standard status
Active
Size
1,332 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
central air
laundry
eat-in kitchens
Building Details
Year Built
1952
Buildings
1
Listing Agency:
Shorewest Realtors, Inc.
Listed By:
Alan Alteri
(262) 786-4000
Source:
Levelupwi
Added: Aug 25
Changed: Sep 5
Last Checked: Oct 7 at 5:03PM
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 Shorewest Realtors, Inc.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residential units, each arranged with two bedrooms, one full bathroom, and an eat-in kitchen. Both sides include a full separate basement with laundry and storage, while central air serves the building. Replacement windows and a low-maintenance exterior add to the property’s physical improvements.
The property is located at 860 Genesee St in Waukesha, Wisconsin. Separate utilities include two water meters, and the site provides five off-street parking spaces. The building was constructed in 1952.
The property is located at 860 Genesee St in Waukesha, Wisconsin. Separate utilities include two water meters, and the site provides five off-street parking spaces. The building was constructed in 1952.
Key Highlights
- Side‑by‑side duplex with two separate residential units
- Each unit includes 2 bedrooms, 1 full bathroom, and an eat‑in kitchen
- Full separate basements provide laundry and storage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,280
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,600
$305.6K
Cap Rate 7%
$218,286
$218.3K
Cap Rate 9%
$169,778
$169.8K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$22.9K $17.16/SF
− Vacancy
−$1.0K −$0.77/SF
EGI
$21.8K $16.39/SF
− OpEx
−$6.5K −$4.92/SF
NOI
$15.3K $11.47/SF
Area
Waukesha County, WI
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,600
Cap Rate 7%
$218,286
Cap Rate 9%
$169,778
Alternative Uses
Best Use
Multifamily LT 5
$218.3K
$191.0K – $254.7K
NOI $15,280 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$202.1K
$176.9K – $235.8K
NOI $14,149 @ 7.0% cap · market cap 4.88%
Theoretical Best
Flex RnD
$679.8K
$594.8K – $793.1K
NOI $47,587 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
Demographics for 53186, WI
32,332
Population
15,066
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,566
Density / Sq Mi
$74,596
Median Household Income
$42,007
Median Earnings
$1,180
Median Rent
$277,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer eat-in kitchens, central air, private basements, and separate utility service.
Where is this duplex located?
The property is located at 860 Genesee St Waukesha, WI.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two separate residential units; Each unit includes 2 bedrooms, 1 full bathroom, and an eat‑in kitchen; Full separate basements provide laundry and storage for each unit
