524 3RD Street, Menasha, WI 54952
MULTI_FAMILY - MENASHA, WI
- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 524 3RD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 2 Family/Duplex,Resident
- Parking
- 4
- Standard status
- Active
- APN
- 10026000
- Size
- 2,119 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3960
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1910
- Number of units
- 2
- Building materials
- Vinyl Siding
Listing agent Megan E. Lone (920) 225-9627
Listing office Expert Real Estate Partners, LLC 1314 W College Ave, Appleton, WI (920) 903-1600
Listing date Jun 19, 2026
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.
HighLights
- Two side‑by‑side units in a two‑story duplex built in 1910
- Front unit: 2 bedrooms, 1.5 baths, laundry service in full bath
- Back unit: 2 bedrooms, 1 full bath, laundry service off kitchen
- Each unit has a two‑car garage (2 garages total)
- Many updates completed and each unit has been refreshed
- Forced‑air heating with public water and public sewer; dual zone system being installed for furnace
Overview
The property is zoned for a 2-family/duplex and is located at 524 3RD Street in Menasha, WI (Winnebago County). The seller notes the home is conveniently positioned near bus lines and local conveniences, with highway access minutes away.
The configuration is well suited for investors seeking rental income from two separate units or for an owner who wants the option to occupy one unit while renting the other. The front unit is currently occupied, so showings require 24 hours’ notice. The listing also indicates a dual zone system is being installed for the furnace, which supports more tailored heating control for the two-unit layout.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.6k | $10.20 |
| − Vacancy | −$1.2k | −$0.56 |
| EGI | $20.4k | $9.64 |
| − OpEx | −$6.1k | −$2.89 |
| NOI | $14.3k | $6.75 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Menasha
- County
- Winnebago
- State
- Wisconsin
- Longitude
- -88.44452
- Latitude
- 44.204939
