Updated Duplex with Fenced
For Sale
$349,900
1410 North Outagamie Street, Appleton, WI 54914
Updated duplex with two 2-bedroom units, each with 1.5 baths, plus a large fully fenced backyard.
Property Size2,080 SF
Price / SF$168.22
Days on Market122
Property Features for 1410 North Outagamie Street
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,011
Amenities
patio
storage sheds
Forced Air
2
Natural Gas
Full,Sump Pump
1
Poured Concrete
2 side by side,2 Story
Vinyl Siding
Not Applicable
Building Details
Year Built
1987
Buildings
1
Listing Agency:
LPT Realty
(920) 810-5151
Listed By:
Jenny M Landro · License #94-59089
(920) 810-5151
Source:
Compass
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 22 at 10:16AM
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 LPT Realty
Investment Insights
Based on property information with market context.
This beautifully updated duplex offers two residential units, each featuring 2 bedrooms and 1.5 baths. The property has seen significant recent improvements, including siding and window replacement in 2023, along with refreshed kitchens, baths, and living spaces. Both sides are laid out to provide comfortable, low-maintenance living with plenty of natural light.
Set near downtown in Appleton, the home’s outdoor space includes a large, fully fenced backyard with a patio and two sheds for additional storage.
Each unit provides a functional interior layout while the exterior offers a private, usable yard area that can support everyday living and outdoor activities.
Set near downtown in Appleton, the home’s outdoor space includes a large, fully fenced backyard with a patio and two sheds for additional storage.
Each unit provides a functional interior layout while the exterior offers a private, usable yard area that can support everyday living and outdoor activities.
Key Highlights
- Updated 2‑story duplex (2 side‑by‑side buildings) built in 1987
- Each unit has 2 bedrooms and 1.5 baths with refreshed kitchens, baths, and living spaces
- Separate utilities/amenities include 2 furnaces, 2 air conditioners, 2 natural gas water heaters, 2 refrigerators, and 2 disposals
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
$15,851
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
4.53%
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%
$317,020
$317.0K
Cap Rate 7%
$226,443
$226.4K
Cap Rate 9%
$176,122
$176.1K
Market Conditions
NOI Build-Up for 2,080 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
$23.7K $11.40/SF
− Vacancy
−$1.1K −$0.51/SF
EGI
$22.6K $10.89/SF
− OpEx
−$6.8K −$3.27/SF
NOI
$15.9K $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%
$317,020
Cap Rate 7%
$226,443
Cap Rate 9%
$176,122
Alternative Uses
Best Use
Multifamily LT 5
$226.4K
$198.1K – $264.2K
NOI $15,851 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$212.0K
$185.5K – $247.3K
NOI $14,837 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$573.5K
$501.8K – $669.1K
NOI $40,144 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Explore this area
Business Placement
Demographics for 54914, WI
31,082
Population
14,002
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
19.2 sq mi
ZIP Area
1,619
Density / Sq Mi
$77,199
Median Household Income
$42,481
Median Earnings
$936
Median Rent
$210,200
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 - Updated duplex with two 2-bedroom units, each with 1.5 baths, plus a large fully fenced backyard.
Where is this duplex located?
The property is located at 1410 North Outagamie Street Appleton, WI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Updated 2‑story duplex (2 side‑by‑side buildings) built in 1987; Each unit has 2 bedrooms and 1.5 baths with refreshed kitchens, baths, and living spaces; Separate utilities/amenities include 2 furnaces, 2 air conditioners, 2 natural gas water heaters, 2 refrigerators, and 2 disposals
