Two-Unit Duplex with Attached
For Sale
$309,900
1217 MEADOW Lane, Neenah, WI 54956
Both residences offer matching two-bedroom, one-bathroom layouts and attached one-stall garages.
Property Size1,952 SF
Price / SF$158.76
Days on Market9
Property Features for 1217 MEADOW Lane
General Information
Standard status
Active
Size
1,952 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,103
Building Details
Building Size
1,952 SF
Year Built
1972
Listing Agency:
Keller Williams Fox Cities
Listed By:
Travis J. Fonder · License #91-937763
(920) 470-2396
Source:
C21ace
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 13 at 2:23AM
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 Keller Williams Fox Cities
Investment Insights
Based on property information with market context.
Built in 1972, this side-by-side duplex contains two matching residences. Each unit has two bedrooms, one bathroom, and an attached one-stall garage. Updates have been made throughout the property, providing a consistent configuration across both sides.
Key Highlights
- Two side‑by‑side units with matching layouts
- Each unit has 2 bedrooms and 1 bathroom
- One‑stall attached garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,171
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,420
$263.4K
Cap Rate 7%
$188,157
$188.2K
Cap Rate 9%
$146,344
$146.3K
Market Conditions
NOI Build-Up for 1,952 SF
Gross rent
$19.9K $10.20/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$18.8K $9.64/SF
− OpEx
−$5.6K −$2.89/SF
NOI
$13.2K $6.75/SF
Area
Winnebago County, WI
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,420
Cap Rate 7%
$188,157
Cap Rate 9%
$146,344
Alternative Uses
Best Use
Multifamily LT 5
$188.2K
$164.6K – $219.5K
NOI $13,171 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$169.6K
$148.4K – $197.9K
NOI $11,872 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$421.3K
$368.7K – $491.5K
NOI $29,492 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
199
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
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 - Both residences offer matching two-bedroom, one-bathroom layouts and attached one-stall garages.
Where is this duplex located?
The property is located at 1217 MEADOW Lane Neenah, WI.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two side‑by‑side units with matching layouts; Each unit has 2 bedrooms and 1 bathroom; One‑stall attached garage for each unit
