Duplex with Private
For Sale
$425,000
N88w16226 Park Blvd, Menomonee Falls, WI 53051
Two separately accessed residences include finished attic space, a sunroom, and a detached garage.
Property Size2,880 SF
Price / SF$147.57
Days on Market65
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Property Features for N88w16226 Park Blvd
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
detached garage
Building Details
Year Built
1898
Listing Agency:
Epique Realty Germantown
Listed By:
Neal Miller
(262) 573-5441
Source:
Nikolicgroup
Added: Aug 12
Changed: Oct 7
Last Checked: Oct 7 at 5:38PM
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 Epique Realty Germantown
Investment Insights
Based on property information with market context.
Built in 1898, this 2,880-square-foot duplex contains two private-entry residences, each with two bedrooms and one bathroom. The lower unit includes a sunroom, family room, dining area with built-ins, custom kitchen cabinetry, exposed brick, and a walk-in shower. Upstairs, an eat-in kitchen and spacious family room lead to a landing and finished attic bedroom area.
Outdoor features include a rear patio, a private yard with towering pine trees, and a detached 2.5-car garage. The property sits at the end of the street near the Lime Kiln Park walking path, with restaurants, bars, and shopping along the route.
Outdoor features include a rear patio, a private yard with towering pine trees, and a detached 2.5-car garage. The property sits at the end of the street near the Lime Kiln Park walking path, with restaurants, bars, and shopping along the route.
Key Highlights
- 2,880‑square‑foot duplex built in 1898
- Two 2 bd, 1 ba units with private entrances
- Lower residence features a sunroom, built‑ins, exposed brick, and walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,038
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,760
$660.8K
Cap Rate 7%
$471,971
$472.0K
Cap Rate 9%
$367,089
$367.1K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$49.4K $17.16/SF
− Vacancy
−$2.2K −$0.77/SF
EGI
$47.2K $16.39/SF
− OpEx
−$14.2K −$4.92/SF
NOI
$33.0K $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 Rate 5%
$660,760
Cap Rate 7%
$471,971
Cap Rate 9%
$367,089
Alternative Uses
Best Use
Multifamily LT 5
$472.0K
$413.0K – $550.6K
NOI $33,038 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$437.0K
$382.4K – $509.9K
NOI $30,592 @ 7.0% cap · market cap 7.20%
Theoretical Best
Flex RnD
$1.47M
$1.29M – $1.71M
NOI $102,891 @ 7.0% cap · market cap 24.21%
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
1,078
Businesses Nearby
Explore this area
Business Placement
Demographics for 53051, WI
38,562
Population
16,972
Households
2.3
Avg Household Size
44
Median Age
49%
College-Educated
96%
High-School Grad
33.3 sq mi
ZIP Area
1,158
Density / Sq Mi
$98,423
Median Household Income
$60,331
Median Earnings
$1,257
Median Rent
$341,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Two separately accessed residences include finished attic space, a sunroom, and a detached garage.
Where is this duplex located?
The property is located at N88w16226 Park Blvd Menomonee Falls, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,880‑square‑foot duplex built in 1898; Two 2 bd, 1 ba units with private entrances; Lower residence features a sunroom, built‑ins, exposed brick, and walk‑in shower
