Ranch Duplex with Detached
For Sale
$279,900
1029 EVANS Street, Neenah, WI 54956
Two residential units offer private basements, separate garages, and a current lease arrangement on one side.
Property Size1,688 SF
Price / SF$165.82
Days on Market9
Property Features for 1029 EVANS Street
General Information
Standard status
Active
Size
1,688 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,547
Building Details
Building Size
1,688 SF
Year Built
1968
Construction
ranch
Listing Agency:
Ruesch Realty
(920) 360-1252
Listed By:
Kevin J. Gracyalny · License #91-939018
(920) 360-1252
Source:
C21ace
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 4 at 7:45AM
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 1968 ranch-style duplex contains 1,688 square feet with two residential units, each configured with 2 bedrooms and 1 bathroom. Both sides include a private basement and detached garage, while the 1029 unit has vinyl windows. The property is located at 1029 Evans Street in Neenah, Wisconsin.
The 1029 side is leased through 3/31/27. The 1031 side has submitted notice to vacate at the end of August, creating an explicitly stated owner-occupancy possibility. Property access requires 24 hours' notice. The seller is a licensed real estate agent.
The 1029 side is leased through 3/31/27. The 1031 side has submitted notice to vacate at the end of August, creating an explicitly stated owner-occupancy possibility. Property access requires 24 hours' notice. The seller is a licensed real estate agent.
Key Highlights
- 1,688‑square‑foot ranch duplex built in 1968
- Two units, each with 2 bedrooms and 1 bathroom
- Detached garage and private basement for each unit
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 4.07%
Second Best
Apartment 5plus
$146.7K
$128.3K – $171.1K
NOI $10,266 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$364.3K
$318.8K – $425.1K
NOI $25,503 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
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 - Two residential units offer private basements, separate garages, and a current lease arrangement on one side.
Where is this duplex located?
The property is located at 1029 EVANS Street Neenah, WI.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,688‑square‑foot ranch duplex built in 1968; Two units, each with 2 bedrooms and 1 bathroom; Detached garage and private basement for each unit
