Duplex with Vacant
New
For Sale
$475,000
S69W14964 Cornell Cir, Muskego, WI 53150
One residence is unoccupied, supporting owner use with rental income potential from the other side.
Property Size2,550 SF
Price / SF$186.27
Days on Market2
Property Features for S69W14964 Cornell Cir
General Information
Standard status
Active
Size
2,550 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1973
Listing Agency:
Snshn Realty LLC
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Sep 12
Last Checked: Sep 13 at 8:25AM
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 Snshn Realty LLC
Investment Insights
Based on property information with market context.
This 2,550-square-foot duplex, built in 1973, offers two residential units with spacious layouts. One side is currently vacant, creating the option for an owner to occupy that unit while leasing the other. Updated flooring is featured in one residence, providing a refreshed interior element.
The property is located in Muskego near shopping, restaurants, parks, and everyday conveniences. Its two-unit configuration and partial vacancy provide flexibility for an owner-occupant or an investor seeking a residential income property.
The property is located in Muskego near shopping, restaurants, parks, and everyday conveniences. Its two-unit configuration and partial vacancy provide flexibility for an owner-occupant or an investor seeking a residential income property.
Key Highlights
- 2,550‑square‑foot duplex with two residential units
- One unit is currently vacant
- Updated flooring in one unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,252
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,040
$585.0K
Cap Rate 7%
$417,886
$417.9K
Cap Rate 9%
$325,022
$325.0K
Market Conditions
NOI Build-Up for 2,550 SF
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.
Gross rent
$43.8K $17.16/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$41.8K $16.39/SF
− OpEx
−$12.5K −$4.92/SF
NOI
$29.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,040
Cap Rate 7%
$417,886
Cap Rate 9%
$325,022
Alternative Uses
Best Use
Multifamily LT 5
$417.9K
$365.7K – $487.5K
NOI $29,252 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$387.0K
$338.6K – $451.5K
NOI $27,087 @ 7.0% cap · market cap 5.70%
Theoretical Best
Flex RnD
$1.30M
$1.14M – $1.52M
NOI $91,101 @ 7.0% cap · market cap 19.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 53150, WI
25,804
Population
10,546
Households
2.4
Avg Household Size
46
Median Age
44%
College-Educated
97%
High-School Grad
34.2 sq mi
ZIP Area
755
Density / Sq Mi
$113,125
Median Household Income
$55,085
Median Earnings
$1,230
Median Rent
$390,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is unoccupied, supporting owner use with rental income potential from the other side.
Where is this duplex located?
The property is located at S69W14964 Cornell Cir Muskego, WI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,550‑square‑foot duplex with two residential units; One unit is currently vacant; Updated flooring in one unit
