Three-Unit Residential Income
865 Harding Avenue Unit 867869 Waukesha, WI 53186
865 Harding Avenue Unit 867869, Waukesha, WI, 53186
$499,000
For Sale
$499,000
Fully occupied 3-unit property with three spacious two-bedroom units on month-to-month leases in Waukesha.
Property Size2,646 SF
Price / SF$188.59
Days on Market36
Property Features for 865 Harding Avenue Unit 867869
General Information
- Standard status
- Active
- Size
- 2,646 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1964
Listing agency
Venture Real Estate Group LLC
(262) 370-7834
Listed by
Andrew Lied · License #91080-94
(262) 370-7834
Source
Compass
Added: Jun 17 Updated: Jul 21 at 11:09PM Checked: Jul 21 at 11:09PM
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 Venture Real Estate Group LLC
Investment Insights
Based on property information with market context.
This fully occupied three-unit residential income property features three spacious two-bedroom units. All tenants are on month-to-month leases, providing continuity of occupancy and flexibility for future planning.
Located in Waukesha, the property is generating stated rental income of $4,200 per month. The configuration is suited for owner-occupants seeking an income-producing setup, as well as investors looking for an immediately producing asset.
With three separate apartment units within a single property, it offers straightforward rent roll management and a practical structure for ongoing operations.
Located in Waukesha, the property is generating stated rental income of $4,200 per month. The configuration is suited for owner-occupants seeking an income-producing setup, as well as investors looking for an immediately producing asset.
With three separate apartment units within a single property, it offers straightforward rent roll management and a practical structure for ongoing operations.
Key Highlights
- Fully occupied 3‑unit property with three 2‑bedroom units
- Current rental income of $4,200/month
- All tenants on month‑to‑month leases
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 | $45.4k | $17.16 |
| − Vacancy | −$2.0k | −$0.77 |
| EGI | $43.4k | $16.39 |
| − OpEx | −$13.0k | −$4.92 |
| NOI | $30.4k | $11.47 |
2,646 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.6K
$379.4K – $505.9K
NOI $30,353 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$401.5K
$351.3K – $468.5K
NOI $28,107 @ 7.0% cap · market cap 5.63%
Theoretical Best
Flex RnD
$1.35M
$1.18M – $1.58M
NOI $94,531 @ 7.0% cap · market cap 18.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully occupied 3-unit property with three spacious two-bedroom units on month-to-month leases in Waukesha.
Where is this triplex located?
The property is located at 865 Harding Avenue Unit 867869 Waukesha, WI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully occupied 3‑unit property with three 2‑bedroom units; Current rental income of $4,200/month; All tenants on month‑to‑month leases
