Duplex With Finished Rec
8965 W Allerton Ave, Greenfield, WI 53228
For Sale
New
$519,900
Matching residences offer substantial living space alongside eat-in kitchens and private bedroom suites.
Property Size3,360 SF
Price / SF$154.73
Days on Market2
Property Features for 8965 W Allerton Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Building Details
Year Built
Buildings
Listing Agency:
Pitts Brothers & Associates, LLC
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Nov 10
Last Checked: Nov 10 at 2:34PM
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 Pitts Brothers & Associates, LLC
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Investment Insights
Based on property information with market context.
This 3,360-square-foot duplex contains two matching units, each configured with three bedrooms and two-and-a-half bathrooms. Both residences include eat-in kitchens, a finished recreation room adding 375 square feet, and access to a 2.5-car garage. Additional parking is available on site.
The property is on a cul-de-sac near shopping and dining. Built in 1977, the building has been updated.
The property is on a cul-de-sac near shopping and dining. Built in 1977, the building has been updated.
Key Highlights
- Two matching units, each with 3 bedrooms and 2.5 bathrooms
- Finished recreation room adds 375 square feet to each unit
- 3,360‑square‑foot duplex built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,007
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,140
$720.1K
Cap Rate 7%
$514,386
$514.4K
Cap Rate 9%
$400,078
$400.1K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$54.4K $16.20/SF
− Vacancy
−$3.0K −$0.89/SF
EGI
$51.4K $15.31/SF
− OpEx
−$15.4K −$4.59/SF
NOI
$36.0K $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%
$720,140
Cap Rate 7%
$514,386
Cap Rate 9%
$400,078
Alternative Uses
Best Use
Multifamily LT 5
$514.4K
$450.1K – $600.1K
NOI $36,007 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$459.5K
$402.1K – $536.1K
NOI $32,165 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$796.8K
$697.2K – $929.6K
NOI $55,774 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 53228, WI
15,341
Population
7,180
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
2,950
Density / Sq Mi
$75,288
Median Household Income
$54,006
Median Earnings
$1,220
Median Rent
$254,700
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Milwaukee County, WI
Properties on Market for Duplexes in Milwaukee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Matching residences offer substantial living space alongside eat-in kitchens and private bedroom suites.
Where is this duplex located?
The property is located at 8965 W Allerton Ave Greenfield, WI.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two matching units, each with 3 bedrooms and 2.5 bathrooms; Finished recreation room adds 375 square feet to each unit; 3,360‑square‑foot duplex built in 1977
