Updated Duplex with Separate
For Sale
$239,900
140 W FACTORY Street, Seymour, WI 54165
Residential Income, SEYMOUR, WI
Property Size1,879 SF
Lot Size0.17 Acres
Price / SF$127.67
Days on Market22
Property Features for 140 W FACTORY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex
Parking
2
Lot features
Sidewalk
Elementary school district
Seymour Community
Middle school district
Seymour Community
High school district
Seymour Community
Directions
Hwy 54 to North on Main Street, West on Factory
Standard status
Active
APN
340021800
Size
1,879 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2140
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1880
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Green Bay · Keller Williams Realty
(920) 632-7702
Listed By:
Terry L. Allen · License #91937525
(920) 655-8845
Added: Aug 14
Changed: Sep 3
Last Checked: Sep 4 at 8:06PM
MLS# 50331032
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.
Investment Insights
Based on property information with market context.
This two-level duplex contains a 3-bedroom, 2-bath main residence and an upper 1-bedroom, 1-bath apartment. Each unit has its own laundry facilities. The main-level unit is owner-occupied, while the upstairs apartment has a long-term tenant. The property includes 1,879 square feet on a 0.17-acre lot and is designated for 2 Family/Duplex use.
Built in 1880, the home has vinyl siding, forced-air heating, central air, public water, and public sewer. Notable updates include the roof in 2020, furnace in 2021, and two water heaters in 2019 and 2020. The property is offered as-is in Seymour, near local parks, schools, dining options, and the Newton Blackmour State Trail.
Built in 1880, the home has vinyl siding, forced-air heating, central air, public water, and public sewer. Notable updates include the roof in 2020, furnace in 2021, and two water heaters in 2019 and 2020. The property is offered as-is in Seymour, near local parks, schools, dining options, and the Newton Blackmour State Trail.
Key Highlights
- Two‑unit layout with a 3‑bedroom, 2‑bath main residence and 1‑bedroom, 1‑bath upper unit
- Separate laundry facilities serve both units
- 1,879 square feet on a 0.17‑acre lot
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
$14,320
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
5.97%
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%
$286,400
$286.4K
Cap Rate 7%
$204,571
$204.6K
Cap Rate 9%
$159,111
$159.1K
Market Conditions
NOI Build-Up for 1,879 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
$21.4K $11.40/SF
− Vacancy
−$964 −$0.51/SF
EGI
$20.5K $10.89/SF
− OpEx
−$6.1K −$3.27/SF
NOI
$14.3K $7.62/SF
Area
Outagamie County, WI
Vacancy
4.50%
Lease Rate
$11.40 /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%
$286,400
Cap Rate 7%
$204,571
Cap Rate 9%
$159,111
Alternative Uses
Best Use
Multifamily LT 5
$204.6K
$179.0K – $238.7K
NOI $14,320 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$191.5K
$167.5K – $223.4K
NOI $13,403 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$518.1K
$453.3K – $604.4K
NOI $36,265 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 54165, WI
7,877
Population
3,002
Households
2.6
Avg Household Size
42
Median Age
24%
College-Educated
94%
High-School Grad
100.0 sq mi
ZIP Area
79
Density / Sq Mi
$88,135
Median Household Income
$51,846
Median Earnings
$937
Median Rent
$232,200
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 - Upper and lower units provide separate laundry, public utilities, and a mix of owner-occupied and tenant-occupied space.
Where is this duplex located?
The property is located at 140 W FACTORY Street Seymour, WI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit layout with a 3‑bedroom, 2‑bath main residence and 1‑bedroom, 1‑bath upper unit; Separate laundry facilities serve both units; 1,879 square feet on a 0.17‑acre lot
