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Renovated Townhome Apartment Community

N90W17398 Saint Thomas Drive, Menomonee Falls, WI 53051

For Sale
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A three-bedroom townhome community with ongoing interior and exterior improvements in Menomonee Falls.

Property SizeContact for details
Lot Size3.26 Acres
Days on Market41

Property Features for N90W17398 Saint Thomas Drive

General Information

Standard status Active
Lot size 3.26 Acres
Property subtype Multifamily

Units

Unit Mix 24 x 3BR/1.5BA
Multifamily Units 24

Building Details

Year Built 1960
Listing Agency: Marcus & Millichap - Milwaukee
Listed By: Matthew Whiteside
Source: Crexi
Added: Sep 30 Changed: Nov 8 Last Checked: Nov 8 at 6:06PM

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 Marcus & Millichap - Milwaukee

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Investment Insights

Based on property information with market context.

This 24-unit apartment community comprises three-bedroom, one-and-a-half-bath townhomes averaging 1,412 square feet. Built in 1960, the property occupies approximately 3.26 acres. Renovations begun in 2023 include updated cabinetry, flooring, appliances, fixtures, tubs, and finishes. As of the listing information, 21 units were renovated, one more was scheduled for completion by the end of September 2026, and two remained to be renovated.

Capital work also includes new windows and window wells, central air conditioning, replaced concrete at entries and rear patios, tuckpointing, landscaping and grading, deck and railing replacements, roof-related work, and building system upgrades. The property is located on Saint Thomas Drive in Menomonee Falls, Wisconsin.

Key Highlights

  • 24 townhome units, each with three bedrooms and one‑and‑a‑half baths
  • Average unit size of 1,412 square feet on approximately 3.26 acres
  • Built in 1960; renovations have been underway since 2023

Property Analytics

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Lease Details

24
Residential units

Location Intelligence

Trade Area within ½ mile

267
Businesses Nearby

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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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A three-bedroom townhome community with ongoing interior and exterior improvements in Menomonee Falls.
Where is this apartment building located?
The property is located at N90W17398 Saint Thomas Drive Menomonee Falls, WI.
What are key features of this property?
This property features: 24 townhome units, each with three bedrooms and one‑and‑a‑half baths; Average unit size of 1,412 square feet on approximately 3.26 acres; Built in 1960; renovations have been underway since 2023
(262) 364-1937 Call to check price and availability
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