Side-by-Side Duplex with
For Sale
$350,000
1000 Miller Lane, Kaukauna, WI 54130
Side-by-side duplex includes single-stall extended garages, fenced back yards, and unfinished basements with laundry hookups.
Property Size2,200 SF
Price / SF$159.09
Days on Market226
Property Features for 1000 Miller Lane
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
Residential
Taxes and HOA fees
Annual Taxes
$4,058
Amenities
Forced Air
1
2
Natural Gas
Full
Poured Concrete
1 Story,2 side by side
Aluminum Siding,Brick
1st Floor Bedroom,1st Floor Full Bath
Building Details
Year Built
1977
Buildings
1
Listing Agency:
Cardinal Realty, LLC
Listed By:
Emily K Schuh · License #94-84408
(920) 450-3764
Source:
Compass
Added: Jan 25
Changed: Aug 8
Last Checked: Jul 22 at 9:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cardinal Realty, LLC
Investment Insights
Based on property information with market context.
This side-by-side duplex offers two separate residences, each with a single-stall extended garage and fenced-in back yard. Additional improvements include an asphalt driveway with extra parking, a poured concrete patio, and a regraded yard completed in 2025. Roof, gutters, and leaf guards were updated in 2024, and new water heaters were added to both sides.
Unit 1002 was completely updated in 2018, including a new kitchen with pantry, a bath, and tile floors designed for easy maintenance and durability. Both sides also include full unfinished basements with laundry hookups, forced air furnaces, and A/C.
The property is located between Little Chute and Kaukauna. Please note that no offers will be reviewed prior to 02/09/2026.
Unit 1002 was completely updated in 2018, including a new kitchen with pantry, a bath, and tile floors designed for easy maintenance and durability. Both sides also include full unfinished basements with laundry hookups, forced air furnaces, and A/C.
The property is located between Little Chute and Kaukauna. Please note that no offers will be reviewed prior to 02/09/2026.
Key Highlights
- Side‑by‑side duplex built in 1977 with forced air natural gas heating and central A/C (2 units total).
- Each side features a single‑stall extended garage, fenced back yard, and an asphalt driveway with additional parking.
- Updates include new roof, gutters, and leaf guards in 2024, plus new water heaters on both sides.
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
$16,766
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
4.79%
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%
$335,320
$335.3K
Cap Rate 7%
$239,514
$239.5K
Cap Rate 9%
$186,289
$186.3K
Market Conditions
NOI Build-Up for 2,200 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
$25.1K $11.40/SF
− Vacancy
−$1.1K −$0.51/SF
EGI
$24.0K $10.89/SF
− OpEx
−$7.2K −$3.27/SF
NOI
$16.8K $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%
$335,320
Cap Rate 7%
$239,514
Cap Rate 9%
$186,289
Alternative Uses
Best Use
Multifamily LT 5
$239.5K
$209.6K – $279.4K
NOI $16,766 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$224.2K
$196.2K – $261.6K
NOI $15,693 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$606.6K
$530.8K – $707.7K
NOI $42,460 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 54130, WI
27,473
Population
11,507
Households
2.4
Avg Household Size
39
Median Age
27%
College-Educated
95%
High-School Grad
78.0 sq mi
ZIP Area
352
Density / Sq Mi
$86,364
Median Household Income
$50,128
Median Earnings
$969
Median Rent
$242,300
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 - Side-by-side duplex includes single-stall extended garages, fenced back yards, and unfinished basements with laundry hookups.
Where is this duplex located?
The property is located at 1000 Miller Lane Kaukauna, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1977 with forced air natural gas heating and central A/C (2 units total).; Each side features a single‑stall extended garage, fenced back yard, and an asphalt driveway with additional parking.; Updates include new roof, gutters, and leaf guards in 2024, plus new water heaters on both sides.
