Upper-Lower Duplex with Detached
For Sale
$289,900
801 S ERIE Street, De Pere, WI 54115
Residential Income, DE PERE, WI
Property Size1,726 SF
Lot Size0.23 Acres
Price / SF$167.96
Days on Market719
Property Features for 801 S ERIE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex
Parking
2
Lot features
Corner Lot, Sidewalk
Elementary school district
De Pere
Middle school district
De Pere
High school district
De Pere
Directions
Travelling S on Broadway, Left on Bomier St, Right on Erie St
Standard status
Active
APN
ED-1435-B
Size
1,726 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3206
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
porch
Building Details
Year built
1900
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Green Bay · Keller Williams Realty
(920) 632-7702
Listed By:
Maria G. Arriaga · License #90-59351
(920) 471-3834
Added: Sep 24, 2024
Changed: Sep 11
Last Checked: Sep 12 at 1:06AM
MLS# 50298449
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 upper-and-lower duplex offers 1,726 square feet on a 0.23-acre corner lot in De Pere. The lower residence includes first-floor laundry, an eat-in kitchen, and spacious bedrooms, while the upper residence provides an eat-in kitchen and a bedroom with a bath. Separate entrances support distinct access to each unit, and a detached two-stall garage is included.
The property is located at 801 S Erie Street in De Pere, Wisconsin, within the 54115 postal code. It carries 2 Family/Duplex zoning and was built in 1900. Vinyl siding, forced-air heating, central air, public water, and public sewer are among the existing property features. Heat and electric are separately metered; water is not separated.
The property is located at 801 S Erie Street in De Pere, Wisconsin, within the 54115 postal code. It carries 2 Family/Duplex zoning and was built in 1900. Vinyl siding, forced-air heating, central air, public water, and public sewer are among the existing property features. Heat and electric are separately metered; water is not separated.
Key Highlights
- 1,726‑square‑foot duplex on a 0.23‑acre corner lot
- Upper and lower residences with separate entrances
- Detached two‑stall garage
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
$16,352
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
5.64%
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%
$327,040
$327.0K
Cap Rate 7%
$233,600
$233.6K
Cap Rate 9%
$181,689
$181.7K
Market Conditions
NOI Build-Up for 1,726 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
$24.2K $14.04/SF
− Vacancy
−$872 −$0.51/SF
EGI
$23.4K $13.53/SF
− OpEx
−$7.0K −$4.06/SF
NOI
$16.4K $9.47/SF
Area
Brown County, WI
Vacancy
3.60%
Lease Rate
$14.04 /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%
$327,040
Cap Rate 7%
$233,600
Cap Rate 9%
$181,689
Alternative Uses
Best Use
Multifamily LT 5
$233.6K
$204.4K – $272.5K
NOI $16,352 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$215.8K
$188.8K – $251.8K
NOI $15,107 @ 7.0% cap · market cap 5.21%
Theoretical Best
Warehouse
$1.44M
$1.26M – $1.68M
NOI $101,029 @ 7.0% cap · market cap 34.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 54115, WI
48,710
Population
20,415
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
96%
High-School Grad
124.0 sq mi
ZIP Area
393
Density / Sq Mi
$92,023
Median Household Income
$46,843
Median Earnings
$1,071
Median Rent
$307,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with separate entrances, individual heat and electric meters, and public utilities.
Where is this duplex located?
The property is located at 801 S ERIE Street De Pere, WI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,726‑square‑foot duplex on a 0.23‑acre corner lot; Upper and lower residences with separate entrances; Detached two‑stall garage
