Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1115 N Richmond St Appleton, WI 54911

    Sponsored
    For Sale
    Pending
    $199,900

    MULTI_FAMILY - APPLETON, WI

    Property size:
    1,823 SF
    Lot size:
    0.17 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 21 at 9:06 am

    Property Features for 1115 N Richmond St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    2 Family/Duplex,Resident
    APN
    31-5-1421-00 01
    Parking
    2
    Size
    1,823 SF
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Andrew Brisson

    Dallaire Realty (920) 569-0827 [email protected]

    Listing agent Andrew Brisson (920) 569-0827

    Listing date Jan 15, 2026

    MLS# 50318583 Listing URL

    Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Duplex Near Downtown Appleton

    This duplex is conveniently located near downtown Appleton. The property features an up/down layout. The lower unit offers 1,066 square feet with 3 bedrooms and 1 bathroom, hardwood floors, and ample natural light. The upper unit provides 757 square feet with 1 bedroom, 1 bathroom, hardwood floors, and a bonus den/office space. A 2-stall detached 18x20 garage and a large driveway provide ample parking. The tenants are responsible for all utilities, with separate meters for gas, water, and electric. The property size is 1,823 square feet and the lot size is 0.17 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.41608
    Latitude
    44.271625

    Nearby Similar for Sale

    • $475,000
      3,264 SF

      Appleton Duplex with 2-Car Garages

      Well-maintained duplex in Appleton with spacious units and garages.
      1424 W Weiland Ln, Appleton, WI 54914
      View Details
    • $330,000
      Pending

      Restored Triplex with Modern Updates

      Late-1800s triplex featuring restored hardwood floors and updated kitchens.
      1003 N Appleton St, Appleton, WI 54911
      View Details
    • $575,000
      3,340 SF

      Updated Duplex Near Fox Valley

      Updated duplex near Fox Valley Tech with convenient highway access.
      2117 Cloudview Ct, Appleton, WI 54914
      View Details
    • New
      $260,000
      2,176 SF

      Victorian Duplex Near Downtown Appleton

      Owner-occupied investment property with historic charm.
      517 S Locust St, Appleton, WI 54914
      View Details
    • $450,000
      2,806 SF

      Turn-Key Appleton Duplex For Sale

      Updated duplex in North Appleton, generating $3,495 monthly income.
      701 E Longview Dr, Appleton, WI 54911
      View Details
    • $274,900
      1,728 SF

      Appleton Duplex: Investment Opportunity

      Side-by-side duplex in desirable rental area. Great investment property!
      2325 N Ballard Rd, Appleton, WI 54911
      View Details
    • Contact for pricing
      115,776 SF

      Move-in Ready Appleton Office Space

      Three-story office building with parking near Lawrence University.
      1111 South River St, Appleton, WI 54915
      View Details
    • $229,000
      4,401 SF

      Appleton Duplex with Flexible Layout

      Upper/lower duplex with conversion potential near schools and shopping.
      716 W Bell Ave, Appleton, WI 54914
      View Details
    • $8,990,000
      115,776 SF

      Appleton Office Building For Sale

      Premier office property in Appleton, WI, with high visibility.
      1101 South River St, Appleton, WI 54915
      View Details
    • Contact for pricing
      115,776 SF

      Appleton Office Space For Lease

      Office space for lease near Lawrence University in Appleton, WI.
      1111 South River St, Appleton, WI 54915
      View Details
    • $849,900
      6,500 SF

      Established Kennel and Grooming Business

      Turnkey dog kennel and grooming business with real estate included.
      Confidential Listing, Appleton, WI
      View Details
    • $3,599,000
      62,692 SF

      Appleton Manufacturing/Warehouse/Flex Facility For Sale

      Functional industrial facility with heavy power and modern office amenities.
      1325 S Perkins St, Appleton, WI 54914
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex near downtown with separate utilities and ample parking.
    Where is this duplex located?
    The property is located at 1115 N Richmond St Appleton, WI.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Conveniently located near downtown.; - Two units: a 3BR/1BA lower unit (1,066 sqft) and a 1BR/1BA upper unit (757 sqft) with bonus den/office.; - Tenants pay all utilities; separate meters for gas, water, and electric.
    (920) 213-5810
    Request Owner's contact information
    1115 N Richmond St Appleton, WI 54911
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1115 N Richmond St
    Appleton, WI 54911
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1115 N Richmond St Appleton, WI 54911
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andrew Brisson
    Real Estate License ID: 94-78723
    (920) 213-5810
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.