Townhouse-Style
For Sale
$1,499,999
N52w6296 Mill St, Cedarburg, WI 53012
Two townhouse-style units combine residential character with an existing tenant in one unit.
Property Size5,900 SF
Price / SF$254.24
Days on Market73
Property Features for N52w6296 Mill St
General Information
Standard status
Active
Size
5,900 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2 full 2 half baths, 1 x 3BR/3 full 1 half bath
Multifamily Units
2
Building Details
Year Built
2022
Buildings
1
Listing Agency:
Powers Realty Group
Listed By:
Suzanne Powers Realty Group* · License #5538090
(414) 963-0000
Source:
Nikolicgroup
Added: Aug 3
Changed: Oct 10
Last Checked: Oct 12 at 9:49PM
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 Powers Realty Group
Investment Insights
Based on property information with market context.
Built in 2022, this 5,900-square-foot duplex contains two townhouse-style residences with distinct bedroom and bathroom configurations. The larger unit includes 4 bedrooms, 2 full baths, and 2 half baths; the second offers 3 bedrooms, 3 full baths, and 1 half bath. Interior character includes shiplap detailing and a cupola.
One residence is occupied by a tenant, while the other provides a separate unit within the same property. Located at N52w6296 Mill St in Cedarburg, the duplex is within walking distance of shops, restaurants, schools, and parks.
One residence is occupied by a tenant, while the other provides a separate unit within the same property. Located at N52w6296 Mill St in Cedarburg, the duplex is within walking distance of shops, restaurants, schools, and parks.
Key Highlights
- Two‑unit townhouse‑style duplex built in 2022
- 5,900 square feet of total property size
- Unit mix includes 4 bedrooms and 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,688
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,760
$1.3M
Cap Rate 7%
$909,829
$909.8K
Cap Rate 9%
$707,644
$707.6K
Market Conditions
NOI Build-Up for 5,900 SF
Gross rent
$96.3K $16.32/SF
− Vacancy
−$5.3K −$0.90/SF
EGI
$91.0K $15.42/SF
− OpEx
−$27.3K −$4.63/SF
NOI
$63.7K $10.79/SF
Area
Ozaukee County, WI
Vacancy
5.51%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,760
Cap Rate 7%
$909,829
Cap Rate 9%
$707,644
Alternative Uses
Best Use
Multifamily LT 5
$909.8K
$796.1K – $1.06M
NOI $63,688 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$838.4K
$733.6K – $978.2K
NOI $58,690 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,308 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 53012, WI
19,027
Population
8,073
Households
2.4
Avg Household Size
45
Median Age
53%
College-Educated
98%
High-School Grad
33.9 sq mi
ZIP Area
561
Density / Sq Mi
$98,094
Median Household Income
$53,434
Median Earnings
$1,059
Median Rent
$390,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 townhouse-style units combine residential character with an existing tenant in one unit.
Where is this duplex located?
The property is located at N52w6296 Mill St Cedarburg, WI.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Two‑unit townhouse‑style duplex built in 2022; 5,900 square feet of total property size; Unit mix includes 4 bedrooms and 3 bedrooms
