Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    177 W 2ND Street Fond du Lac, WI 54935

    View on Map
    For Sale
    $425,000

    MULTI_FAMILY - FOND DU LAC, WI

    Property size:
    4,222 SF
    Lot size:
    0.07 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    87
    Last Refresh:
    Apr 2 at 6:06 pm

    Property Features for 177 W 2ND Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    FDL1517152103500
    Size
    4,222 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    4117

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1800
    Number of units
    3
    Building materials
    Aluminum Siding

    We can help!

    Listing Contact
    Chris A Schultz

    Listing agent Chris A Schultz License #94-42129

    Listing office Keller Williams Fox Cities 517 N Westhill Blvd, Appleton, WI

    Listing date Jan 5, 2026

    MLS# 50319533

    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.

    Overview

    Multifamily Property in Fond du Lac

    This multifamily property, located near Main Street, offers potential rental income. The building features three apartment rentals and a city-certified boarding house on the upper level with 12 rooms and two updated full baths. The property also includes a newer roof and a full basement. The building has a total area of 4,222 square feet and is situated on a 0.07-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fond du Lac
    County
    Fond du Lac
    State
    Wisconsin
    Longitude
    -88.453677
    Latitude
    43.775338

    Nearby Similar for Sale

    • $149,900

      Two-Story Duplex Potential in Fond du Lac

      Two-story property with income potential in Fond du Lac, Wisconsin.
      302 W Division St, Fond Du Lac, WI 54935
      View Details
    • $159,900
      1,358 SF

      Fond du Lac Duplex For Sale

      Bright duplex with updated features, ideal for investors or owner-occupants.
      108 N HICKORY Street, FOND DU LAC, WI 54935
      View Details
    • $169,900
      2,168 SF

      Fond du Lac Duplex Investment

      Bright duplex with strong rental income potential near Main Street.
      101 W ARNDT Street, FOND DU LAC, WI 54935
      View Details
    • $184,900
      1,513 SF

      Fond du Lac Triplex Opportunity

      Triplex with garage, ideal for investors or owner-occupants.
      94 E 12TH Street, FOND DU LAC, WI 54935
      View Details
    • $169,900
      1,916 SF

      Fond du Lac Duplex Opportunity

      Upper/lower duplex, ideal for investors or owner-occupants in Fond du Lac.
      86 E JOHNSON Street, FOND DU LAC, WI 54935-3404
      View Details
    • $245,000
      2,700 SF

      Fond du Lac Investment Opportunity

      Fully rented 3-unit property in Fond du Lac, Wisconsin.
      140 4TH Street, FOND DU LAC, WI 54935
      View Details
    • $165,000
      1,920 SF

      Well-Maintained Duplex in Fond du Lac

      Duplex on a large lot, ideal for owner-occupancy.
      300 S MAIN Street, FOND DU LAC, WI 54935
      View Details
    • $184,900
      1,852 SF

      Ranch Style Tri-Plex For Sale

      Rare, fully leased tri-plex with good rental history and cashflow.
      88 E 12TH Street, FOND DU LAC, WI 54935
      View Details
    • $250,000
      2,370 SF

      Charming Duplex with Lake Access

      Updated duplex with lake access, ideal for owner-occupancy or investment.
      W5266 BECHAUD BEACH Drive, FOND DU LAC, WI 54935-1920
      View Details
    • $199,900
      4,000 SF

      Downtown Mixed-Use Building For Sale

      Two-story, 4,000 sq ft building in growing downtown district.
      101 S Main St, Fond du Lac, WI 54935
      View Details
    • $649,900
      8,000 SF

      Two Buildings Ideal CBRF Location

      Two buildings with potential for senior housing or healthcare facilities.
      496 Wisconsin Court, FOND DU LAC, WI, 54935
      View Details
    • $450,000
      8,172 SF

      Fully Occupied Commercial Complex

      Commercial complex with diverse tenants and ample parking for sale.
      21 N Portland St, Fond Du Lac, WI
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property with rental income potential near Main Street.
    Where is this apartment building located?
    The property is located at 177 W 2ND Street Fond du Lac, WI.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Rental income potential from 3 apartments plus a city certified boarding house.; City certified boarding house featuring 12 rooms.; Newer roof.
    (920) 379-1104
    We can help!
    Listing Contact
    Chris A Schultz
    Real Estate License ID: 94-42129
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!