Ranch Duplex with Detached
New
For Sale
$289,900
1025 EVANS Street, Neenah, WI 54956
Fully rented two-bedroom units feature private basements, vinyl windows, and month-to-month leases.
Property Size1,688 SF
Price / SF$171.74
Days on Market7
Property Features for 1025 EVANS Street
General Information
Standard status
Active
Size
1,688 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$28,680
Building Details
Building Size
1,688 SF
Year Built
1968
Buildings
1
Construction
ranch
Tenancy
Multi
Listing Agency:
Ruesch Realty
(920) 360-1252
Listed By:
Kevin J. Gracyalny · License #91-939018
(920) 360-1252
Source:
C21ace
Added: Jul 28
Changed: Jul 31
Last Checked: Aug 2 at 11:53AM
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 Ruesch Realty
Investment Insights
Based on property information with market context.
This fully rented ranch duplex at 1025 Evans Street in Neenah, Wisconsin, includes two separate units, each with two bedrooms and one bathroom. Each unit has its own detached garage, vinyl windows, and private basement. The building was constructed in 1968 and provides 1,688 square feet of property size.
Both leases are month to month, and 24-hour notice is required for access. The property can accommodate an owner-occupant while retaining a separate rental unit, or continue operating as a rental property. The two units are identified as 1025 Evans and 1023 Evans Street.
Both leases are month to month, and 24-hour notice is required for access. The property can accommodate an owner-occupant while retaining a separate rental unit, or continue operating as a rental property. The two units are identified as 1025 Evans and 1023 Evans Street.
Key Highlights
- Two‑unit ranch duplex with 1,688 square feet of property size
- Both units are fully rented on month‑to‑month leases
- Each unit includes 2 bedrooms and 1 bathroom
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 | $17.2k | $10.20 |
| − Vacancy | −$947 | −$0.56 |
| EGI | $16.3k | $9.64 |
| − OpEx | −$4.9k | −$2.89 |
| NOI | $11.4k | $6.75 |
1,688 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$162.7K
$142.4K – $189.8K
NOI $11,389 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$146.7K
$128.3K – $171.1K
NOI $10,266 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$364.3K
$318.8K – $425.1K
NOI $25,503 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 54956, WI
46,316
Population
20,104
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
96%
High-School Grad
61.7 sq mi
ZIP Area
751
Density / Sq Mi
$81,386
Median Household Income
$49,445
Median Earnings
$1,005
Median Rent
$238,200
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 - Fully rented two-bedroom units feature private basements, vinyl windows, and month-to-month leases.
Where is this duplex located?
The property is located at 1025 EVANS Street Neenah, 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: Two‑unit ranch duplex with 1,688 square feet of property size; Both units are fully rented on month‑to‑month leases; Each unit includes 2 bedrooms and 1 bathroom
