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

    221 E WINNEBAGO Street Appleton, WI 54911

    View on Map
    For Sale
    $295,000

    MULTI_FAMILY - APPLETON, WI

    Property size:
    2,244 SF
    Lot size:
    0.24 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 221 E WINNEBAGO Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    2 Family/Duplex
    Parking
    4
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    31-6-0193-00
    Size
    2,244 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    3023

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Matthew J. Schmitz

    Listing agent Matthew J. Schmitz

    Listing office LIV Wisconsin Realty 3913 W Prospect Ave, Ste LL2, Kimberly, WI

    Listing date Feb 9, 2026

    MLS# 50320866

    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

    Appleton Multi-Family Property Near Downtown

    This two-story, side-by-side multi-family property is located near downtown Appleton, Wisconsin, offering convenient access to amenities, dining, and shopping. Each unit features its own two-car garage with a separate driveway, providing parking and privacy. The property has been updated, including a new roof in 2022. The lot size is 0.24 acres, and the property size is 2244 square feet. The zoning is designated for a 2 Family/Duplex.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.403416
    Latitude
    44.269492

    Nearby Similar for Sale

    • $534,900
      3,484 SF

      Appleton Duplex: Fully Rented

      Fully rented duplex in Appleton, ideal for owner occupancy.
      2119 N CLOUDVIEW Drive, APPLETON, WI 54914
      View Details
    • $450,000
      2,806 SF

      Turn-key Appleton Duplex For Sale

      North Appleton duplex with recent updates, ideal for investors.
      701 E LONGVIEW Drive, APPLETON, WI 54911
      View Details
    • $450,000
      2,908 SF

      Appleton Duplex Investment Opportunity

      Desirable side-by-side duplex near shopping and restaurants.
      68 VALERIE Drive, APPLETON, WI 54915
      View Details
    • $575,000
      3,340 SF

      Updated Duplex Near Fox Valley

      Updated duplex near Fox Valley Tech with convenient highway access.
      2117 CLOUDVIEW Court, APPLETON, WI 54914
      View Details
    • $289,900
      2,036 SF

      Appleton Duplex in Grand Chute

      Well-maintained duplex near amenities, ideal for owners or investors.
      2747 W 8TH Street, APPLETON, WI 54914-4225
      View Details
    • $255,000
      1,937 SF

      Well-Maintained Duplex in Appleton, WI

      Duplex near hospital, great investment or owner-occupant opportunity.
      415 E MAPLE Street, APPLETON, WI 54915
      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 Road, APPLETON, WI 54911
      View Details
    • $199,000
      1,461 SF

      Appleton Duplex: Investment Opportunity

      Two-unit duplex in North Appleton, ideal for investors or owner-occupiers.
      823 W OKLAHOMA Street, APPLETON, WI 54914
      View Details
    • $374,900
      5,600 SF

      Fox Valley Supper Club Opportunity

      Iconic supper club with living space on 2.75 acres.
      4899 County Rd EE, Appleton, WI
      View Details
    • $10,500,000
      525 SF

      Downtown Appleton Office/Retail Space

      Class A office/retail space in downtown Appleton with high visibility.
      100 W Lawrence St, Appleton, WI
      View Details
    • $279,900
      1,742 SF

      Appleton Duplex in Convenient Location

      Well-maintained duplex in Appleton, close to amenities.
      1531 N BIRCHWOOD Avenue, APPLETON, WI 54914
      View Details
    • $2,850,000
      14,812 SF

      Fully Leased Appleton Retail Investment

      100% leased retail property in thriving Appleton market.
      2400 S Kensington Dr, Appleton, WI
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-story duplex near downtown Appleton with two-car garages.
    Where is this duplex located?
    The property is located at 221 E WINNEBAGO Street Appleton, WI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Multi‑family property near downtown Appleton amenities, dining, and shopping.; Each unit has its own **two‑car garage** and separate driveway.; Updated roof in 2022.
    (920) 915-9900
    We can help!
    Listing Contact
    Matthew J. Schmitz
    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!