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Furnished 28-Unit Apartment Building
New
For Sale
$3,999,000

1348 W AMERICAN Drive, Neenah, WI 54952

Residential Income, NEENAH, WI

Property Size12,966 SF
Lot Size1.69 Acres
Price / SF$308.42
Days on Market5

Property Features for 1348 W AMERICAN Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi-Family(5+Units)
Parking 28
Elementary school district Neenah
Middle school district Neenah
High school district Neenah
Directions HWY 10 WEST TO CTY CB TURN LEFT THEN TURN LEFT ON JACOBSON ROAD. THEN LEFT ON AMERICAN DRIVE. PROPERTY IS ON THE LEFT.
Standard status Active
APN 02750404
Size 12,966 SF
Lot size 1.69 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 15608

Utilities

Sewer type Public Sewer
Cooling system Central Air
Water source Public

Amenities

washer and dryer
garage parking
keyless entry

Building Details

Year built 2024
Number of units 28
Building materials Stone, Vinyl Siding
Listing Agency: EXP Realty LLC
Listed By: Cara J. Truckey · License #91937825
Added: Oct 2 Changed: Oct 6 Last Checked: Oct 6 at 4:06PM
MLS# 50333708

Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 2024, this 12,966-square-foot apartment property contains 28 furnished units: 14 one-bedroom apartments and 14 studios. Each unit has a washer and dryer, and keyless entry is provided. The property also includes garage parking.

The 1.69-acre site is just off a highway and near a walking trail. Public water and sewer serve the property, which is zoned Multi-Family(5+Units).

Key Highlights

  • 28 furnished units: 14 one‑bedroom apartments and 14 studios
  • 12,966 square feet on 1.69 acres
  • Built in 2024

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Building Supply Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

28
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

215
Businesses Nearby

Demographics for 54952, WI

27,216
Population
12,412
Households
2.2
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
28.1 sq mi
ZIP Area
969
Density / Sq Mi
$67,280
Median Household Income
$44,765
Median Earnings
$906
Median Rent
$190,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Furnished apartments with in-unit laundry support midterm rental use.
Where is this apartment building located?
The property is located at 1348 W AMERICAN Drive Neenah, WI.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: 28 furnished units: 14 one‑bedroom apartments and 14 studios; 12,966 square feet on 1.69 acres; Built in 2024
More about this property
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