Triplex Income Property with
N132W18286 Rockfield Road Germantown, WI 53076
N132W18286 Rockfield Road, Germantown, WI, 53076
$489,900
For Sale
$489,900
Three-unit triplex on 1.43 acres with multiple recent updates, detached garages, and income-producing residential units.
Property Size3,080 SF
Lot Size1.43 Acres
Price / SF$159.06
Days on Market23
Property Features for N132W18286 Rockfield Road
General Information
- Standard status
- Active
- Size
- 3,080 SF
- Lot size
- 1.43 Acres
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1880
Listing agency
Keller Williams Prestige
(262) 328-6444
Listed by
Sara Dreyer · License #48179-90
(262) 328-6444
Source
Compass
Added: Jun 30 Updated: Jul 21 at 5:29AM Checked: Jul 22 at 8:05AM
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 Prestige
Investment Insights
Based on property information with market context.
This updated triplex offers three residential units on a 1.43-acre parcel in the Village of Germantown. The property features numerous improvements completed within the last eight years, including remodeled upper bathrooms, newer flooring, refreshed kitchens, electrical upgrades, screen doors, and water heaters. The lower three-bedroom unit includes a primary bedroom suite, a large kitchen, and significant closet space. A detached two-car garage and a larger 2.5-car garage provide on-site parking, along with additional storage including a shed, plus a firepit area and a large yard.
The property is described as being in a quiet country setting and within walking distance to Rockfield Elementary. The lower unit is currently leased, with a lease expiration noted as 7/31/2027.
The two upper units were recently vacated and are described as ready for an owner occupant. Public remarks indicate RS3 zoning appears to allow for a home business, though buyers are advised to verify.
The property is described as being in a quiet country setting and within walking distance to Rockfield Elementary. The lower unit is currently leased, with a lease expiration noted as 7/31/2027.
The two upper units were recently vacated and are described as ready for an owner occupant. Public remarks indicate RS3 zoning appears to allow for a home business, though buyers are advised to verify.
Key Highlights
- Income‑producing triplex on 1.43 acres in the Village of Germantown
- Numerous updates completed in the last 8 years: remodeled upper baths, newer flooring, refreshed kitchens, electrical upgrades, screen doors, and water heaters
- Lower 3BR unit includes an MBR suite, big kitchen, and ample closet space; full basement with laundry facilities
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 | $49.9k | $16.20 |
| − Vacancy | −$3.2k | −$1.05 |
| EGI | $46.7k | $15.15 |
| − OpEx | −$14.0k | −$4.54 |
| NOI | $32.7k | $10.60 |
3,080 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$466.5K
$408.2K – $544.3K
NOI $32,657 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$418.5K
$366.2K – $488.3K
NOI $29,298 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$846.7K
$740.9K – $987.9K
NOI $59,272 @ 7.0% cap · market cap 12.10%
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?
Triplex - Three-unit triplex on 1.43 acres with multiple recent updates, detached garages, and income-producing residential units.
Where is this triplex located?
The property is located at N132W18286 Rockfield Road Germantown, WI.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Income‑producing triplex on 1.43 acres in the Village of Germantown; Numerous updates completed in the last 8 years: remodeled upper baths, newer flooring, refreshed kitchens, electrical upgrades, screen doors, and water heaters; Lower 3BR unit includes an MBR suite, big kitchen, and ample closet space; full basement with laundry facilities
