Three-Bedroom Duplex with
For Sale
$440,000
S69W15010 Cornell Cir, Muskego, WI 53150
Two residential units offer matching layouts and attached garage parking in Muskego.
Property Size2,518 SF
Price / SF$174.74
Days on Market21
Property Features for S69W15010 Cornell Cir
General Information
Standard status
Active
Size
2,518 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Parking per Unit
2
Building Details
Year Built
1974
Listing Agency:
Berkshire Hathaway Homeservices Metro Realty
(920) 893-3001
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Aug 9
Changed: Aug 27
Last Checked: Aug 29 at 8:51AM
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 Berkshire Hathaway Homeservices Metro Realty
Investment Insights
Based on property information with market context.
This duplex in Muskego contains approximately 2,518 square feet of living space across two units. Each residence includes three bedrooms, 1.5 bathrooms, and an attached two-car garage, creating a consistent configuration throughout the property. One unit has remodeled flooring, while the building dates to 1974.
Located at S69W15010 Cornell Cir, the property is near shopping, restaurants, parks, and everyday conveniences. The two-unit layout and attached garages provide a practical residential income-property configuration for an owner seeking an established duplex asset.
Located at S69W15010 Cornell Cir, the property is near shopping, restaurants, parks, and everyday conveniences. The two-unit layout and attached garages provide a practical residential income-property configuration for an owner seeking an established duplex asset.
Key Highlights
- Two‑unit duplex with approximately 2,518 square feet of living space
- Each unit includes 3 bedrooms and 1.5 bathrooms
- Attached 2‑car garage serving each residence
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
$28,885
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
6.56%
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%
$577,700
$577.7K
Cap Rate 7%
$412,643
$412.6K
Cap Rate 9%
$320,944
$320.9K
Market Conditions
NOI Build-Up for 2,518 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
$43.2K $17.16/SF
− Vacancy
−$1.9K −$0.77/SF
EGI
$41.3K $16.39/SF
− OpEx
−$12.4K −$4.92/SF
NOI
$28.9K $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%
$577,700
Cap Rate 7%
$412,643
Cap Rate 9%
$320,944
Alternative Uses
Best Use
Multifamily LT 5
$412.6K
$361.1K – $481.4K
NOI $28,885 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$382.1K
$334.3K – $445.8K
NOI $26,747 @ 7.0% cap · market cap 6.08%
Theoretical Best
Flex RnD
$1.29M
$1.12M – $1.50M
NOI $89,958 @ 7.0% cap · market cap 20.45%
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 - Two residential units offer matching layouts and attached garage parking in Muskego.
Where is this duplex located?
The property is located at S69W15010 Cornell Cir Muskego, WI.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,518 square feet of living space; Each unit includes 3 bedrooms and 1.5 bathrooms; Attached 2‑car garage serving each residence
