Four-Unit Quadplex With Indoor
For Sale
$689,900
S16w22081 Arcadian Ave, Waukesha, WI 53186
Two buildings provide indoor parking along with lower-level laundry and storage areas.
Property Size4,368 SF
Lot Size1.83 Acres
Price / SF$157.94
Days on Market89
Property Features for S16w22081 Arcadian Ave
General Information
Standard status
Active
Size
4,368 SF
Lot size
1.83 Acres
Property subtype
Multi-Family
Occupancy
100%
Units
Multifamily Units
4
Parking per Unit
1
Building Details
Year Built
1930
Buildings
2
Listing Agency:
Modern Realty LLC
Listed By:
Sara Pakula
(262) 227-9840
Source:
Homesinwisconsin
Added: Jul 18
Changed: Oct 1
Last Checked: Oct 12 at 8:03PM
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 Modern Realty LLC
Investment Insights
Based on property information with market context.
This 4,368-square-foot quadplex comprises two separate two-family buildings, creating four residential units on a 1.83-acre parcel. Constructed in 1930, the property uses a multi-building configuration rather than a single structure. All four units are currently rented.
Each unit includes one indoor parking space, while lower-level areas provide room for laundry and storage. The property is located at S16w22081 Arcadian Ave in Waukesha, Wisconsin. The parcel cannot be split, and any future development plans would require confirmation with the municipality.
Each unit includes one indoor parking space, while lower-level areas provide room for laundry and storage. The property is located at S16w22081 Arcadian Ave in Waukesha, Wisconsin. The parcel cannot be split, and any future development plans would require confirmation with the municipality.
Key Highlights
- Two two‑family buildings contain 4 residential units
- 4,368 SF property built in 1930
- All 4 units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,107
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,140
$1.0M
Cap Rate 7%
$715,814
$715.8K
Cap Rate 9%
$556,744
$556.7K
Market Conditions
NOI Build-Up for 4,368 SF
Gross rent
$75.0K $17.16/SF
− Vacancy
−$3.4K −$0.77/SF
EGI
$71.6K $16.39/SF
− OpEx
−$21.5K −$4.92/SF
NOI
$50.1K $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%
$1,002,140
Cap Rate 7%
$715,814
Cap Rate 9%
$556,744
Alternative Uses
Best Use
Multifamily LT 5
$715.8K
$626.3K – $835.1K
NOI $50,107 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$662.8K
$580.0K – $773.3K
NOI $46,398 @ 7.0% cap · market cap 6.73%
Theoretical Best
Flex RnD
$2.23M
$1.95M – $2.60M
NOI $156,051 @ 7.0% cap · market cap 22.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 53186, WI
32,332
Population
15,066
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,566
Density / Sq Mi
$74,596
Median Household Income
$42,007
Median Earnings
$1,180
Median Rent
$277,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Two buildings provide indoor parking along with lower-level laundry and storage areas.
Where is this quadplex located?
The property is located at S16w22081 Arcadian Ave Waukesha, WI.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Two two‑family buildings contain 4 residential units; 4,368 SF property built in 1930; All 4 units are currently rented
