Occupied Two-Unit
New
For Sale
$244,900
108 E Atlantic St, Appleton, WI 54911
Fully occupied duplex with flexible room layouts, separate utility responsibility, and a garage, deck, yard, and shed.
Property Size2,434 SF
Price / SF$100.62
Days on Market3
Property Features for 108 E Atlantic St
General Information
Standard status
Active
Size
2,434 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$28,200
Amenities
deck
garage
private yard
shed
Building Details
Year Built
1900
Tenancy
Multi
Listed By:
Shane Renard - Principal Broker Owner
(920) 606-4436
Source:
Renardrealtygroup
Added: Sep 18
Last Checked: Sep 19 at 9:24AM
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 Shane Renard - Principal Broker Owner
Investment Insights
Based on property information with market context.
Built in 1900, this 2,434-square-foot duplex contains two occupied residences with distinct layouts. The 108 E Atlantic St unit provides two bedrooms, one and a half bathrooms, and two additional rooms that can accommodate flexible uses. The 110 E Atlantic St unit includes one bedroom, one bathroom, and another adaptable room.
Both residences feature kitchens and gathering areas, while the property also includes a deck, garage, private yard, and shed. Tenants are separately responsible for all utilities, adding a defined utility arrangement for the two-unit configuration.
Both residences feature kitchens and gathering areas, while the property also includes a deck, garage, private yard, and shed. Tenants are separately responsible for all utilities, adding a defined utility arrangement for the two-unit configuration.
Key Highlights
- 2,434‑square‑foot duplex built in 1900
- Fully occupied two‑unit property
- 108 E Atlantic St unit has 2 bedrooms, 1.5 bathrooms, and 2 additional rooms
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
$18,549
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
7.57%
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%
$370,980
$371.0K
Cap Rate 7%
$264,986
$265.0K
Cap Rate 9%
$206,100
$206.1K
Market Conditions
NOI Build-Up for 2,434 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
$27.7K $11.40/SF
− Vacancy
−$1.2K −$0.51/SF
EGI
$26.5K $10.89/SF
− OpEx
−$7.9K −$3.27/SF
NOI
$18.5K $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%
$370,980
Cap Rate 7%
$264,986
Cap Rate 9%
$206,100
Alternative Uses
Best Use
Multifamily LT 5
$265.0K
$231.9K – $309.2K
NOI $18,549 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$248.0K
$217.0K – $289.4K
NOI $17,362 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$671.1K
$587.2K – $782.9K
NOI $46,976 @ 7.0% cap · market cap 19.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,507
Businesses Nearby
Explore this area
Business Placement
Demographics for 54911, WI
26,964
Population
11,171
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
8.4 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,747
Median Household Income
$38,591
Median Earnings
$1,010
Median Rent
$199,100
Median Home Value
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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 - Fully occupied duplex with flexible room layouts, separate utility responsibility, and a garage, deck, yard, and shed.
Where is this duplex located?
The property is located at 108 E Atlantic St Appleton, WI.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: 2,434‑square‑foot duplex built in 1900; Fully occupied two‑unit property; 108 E Atlantic St unit has 2 bedrooms, 1.5 bathrooms, and 2 additional rooms
