Townhouse-Style
New
For Sale
$549,900
885 S Imperial Dr, Hartland, WI 53029
Two matching units include private basements, attached garages, and kitchen appliances.
Property Size2,390 SF
Price / SF$230.08
Days on Market5
Property Features for 885 S Imperial Dr
General Information
Standard status
Active
Size
2,390 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,397
Listing Agency:
MKE Realty Group LLC
(414) 751-8341
Listed By:
Sarah Floyd
(414) 758-3223
Source:
Exprealty
Added: Aug 30
Changed: Sep 3
Last Checked: Sep 2 at 6:54PM
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 MKE Realty Group LLC
Investment Insights
Based on property information with market context.
This 2,390-square-foot duplex is configured as two matching townhouse-style residences. Each unit has vaulted ceilings, an open living and dining arrangement, a large kitchen with an adjoining half bath, three bedrooms, and full bathrooms on the upper level. Dining and primary bedrooms open to porches, while separate basements and attached garages provide private support areas. Kitchen appliances are included in both units.
Unit 885 includes a partially finished basement with two additional rooms. Unit 889 is scheduled to be vacant at the end of September, creating an owner-occupancy option. The property is located at 885 S Imperial Dr in Hartland, Wisconsin.
Unit 885 includes a partially finished basement with two additional rooms. Unit 889 is scheduled to be vacant at the end of September, creating an owner-occupancy option. The property is located at 885 S Imperial Dr in Hartland, Wisconsin.
Key Highlights
- 2,390‑square‑foot duplex with two townhouse‑style units
- Each unit offers 3 bedrooms, upper‑level full bathrooms, and an adjoining half bath
- Separate basements and attached garages serve each residence
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
$27,417
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
4.99%
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%
$548,340
$548.3K
Cap Rate 7%
$391,671
$391.7K
Cap Rate 9%
$304,633
$304.6K
Market Conditions
NOI Build-Up for 2,390 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
$41.0K $17.16/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$39.2K $16.39/SF
− OpEx
−$11.8K −$4.92/SF
NOI
$27.4K $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 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%
$548,340
Cap Rate 7%
$391,671
Cap Rate 9%
$304,633
Alternative Uses
Best Use
Multifamily LT 5
$391.7K
$342.7K – $457.0K
NOI $27,417 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$362.7K
$317.3K – $423.1K
NOI $25,387 @ 7.0% cap · market cap 4.62%
Theoretical Best
Flex RnD
$1.22M
$1.07M – $1.42M
NOI $85,385 @ 7.0% cap · market cap 15.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 53029, WI
21,239
Population
8,717
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
98%
High-School Grad
37.6 sq mi
ZIP Area
565
Density / Sq Mi
$109,778
Median Household Income
$58,923
Median Earnings
$1,126
Median Rent
$449,800
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?
Duplex - Two matching units include private basements, attached garages, and kitchen appliances.
Where is this duplex located?
The property is located at 885 S Imperial Dr Hartland, WI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 2,390‑square‑foot duplex with two townhouse‑style units; Each unit offers 3 bedrooms, upper‑level full bathrooms, and an adjoining half bath; Separate basements and attached garages serve each residence
