Building Details

Year Built 1973

Buildings 1

Listing Agency: First Weber Inc - Brookfield

Listed By: Lien Team Real Estate Group* · License #4739490 Show Phone

Source: Nikolicgroup

Added: Sep 13 Changed: Oct 26 Last Checked: Oct 28 at 1:21PM

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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 First Weber Inc - Brookfield

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Investment Insights

Based on property information with market context.

Built in 1973, this duplex contains 2,550 square feet and offers spacious two-unit living arrangements. One side is currently vacant, while one unit includes updated flooring. The property is located at S69w14964 Cornell Cir in Muskego, Wisconsin, with shopping, restaurants, parks, and daily conveniences nearby. Its two-unit configuration supports both owner-occupancy and rental use, subject to applicable requirements.

Key Highlights

• 2,550‑square‑foot duplex
• One unit is currently vacant
• Updated flooring in one unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,252

Cap Rate

6.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$585,040 $585.0K

Cap Rate 7%

$417,886 $417.9K

Cap Rate 9%

$325,022 $325.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,550 SF

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 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 (±1% cap)

NOI $29,252 @ 7.0% cap · market cap 6.16%

Second Best

Apartment 5plus

$387.0K

$338.6K – $451.5K (±1% cap)

NOI $27,087 @ 7.0% cap · market cap 5.70%

Theoretical Best

Flex RnD

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $91,101 @ 7.0% cap · market cap 19.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - One unit is vacant, with shopping, restaurants, parks, and everyday conveniences nearby.

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; One unit is currently vacant; Updated flooring in one unit