This tremendous Multi-Family property generates cash flow with 9.5 cap rate, low vacancy and sits on 5.29 acres in the Town of Lisbon. The property consists of 5 buildings (14 units) & 36 outside parking spaces. Units w/similar layouts include; living room, kitchen, dining area, 2 BRs & 1 BA. Since 2020 seller has done extensive updates on the property including; new roof on all buildings (2023), updated approx. 12 units with new cabinets, appliances, countertops, flooring, bathrooms, new asphalt for parking lots, 1 new septic system & many units w/new mechanicals, windows, & all exterior doors. Property has potential for more development w/5.29 acres of land & rent increase. Tenants pay gas, electric & heat. Great location & minutes from shopping, entertainment & the freeway system.
Closed
$1,300,000
W220N9009 Town Line ROAD, Menomonee Falls, WI 53051
--beds
--baths
--sqft
Multi Family
Built in 1940
-- sqft lot
$1,373,900 Zestimate®
$--/sqft
$1,800 Estimated rent
Home value
$1,373,900
$1.26M - $1.50M
$1,800/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 07, 2025 at 09:26am
Listed by:
Bob Sefiddashti PropertyInfo@shorewest.com,
Shorewest Realtors, Inc.
Bought with:
The Combs Team*
Source: WIREX MLS,MLS#: 1888464
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Natural Gas, Forced Air
Appliances
- Included: Seller Owned: Water Heater
Features
- Basement: Crawl Space Only
- Has fireplace: No
Property
Parking
- Parking features: Outdoor Space, Inside Parking, Outside
Lot
- Size: 5.29 Acres
Details
- Parcel number: LSBT0148983
- Zoning: Multi Family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Location
- Region: Menomonee Falls
- Municipality: Lisbon
Price history
| Date | Event | Price |
|---|---|---|
| 10/4/2024 | Sold | $1,300,000-1.9% |
Source:  WIREX MLS #1888464 | ||
| 8/23/2024 | Contingent | $1,325,000 |
Source: WIREX MLS #1888464 | ||
| 8/20/2024 | Listed for sale | $1,325,000 |
Source: WIREX MLS #1888464 | ||
| 8/20/2024 | Listing removed | -- |
Source: WIREX MLS #1878202 | ||
| 7/18/2024 | Price change | $1,325,000-5.3% |
Source: WIREX MLS #1878202 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 53051
Nearby schools
GreatSchools rating
- 7/10Woodside Elementary SchoolGrades: K-4Distance: 2.5 mi
- 9/10Templeton Middle SchoolGrades: 7-8Distance: 3.8 mi
- 7/10Hamilton High SchoolGrades: 9-12Distance: 3.7 mi
Schools provided by the listing agent
- Middle: Templeton
- High: Hamilton
- District: Hamilton
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$1,373,900
2% more+ $27,478
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$1,401,378