Duplex with Detached
For Sale
$274,900
1415 N Erb St, Appleton, WI 54911
The two-unit property includes a detached garage for vehicle parking and additional storage.
Property Size1,872 SF
Price / SF$146.85
Days on Market14
Property Features for 1415 N Erb St
General Information
Standard status
Active
Size
1,872 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1928
Buildings
1
Listed By:
Tiffany Holtz | Coldwell Banker
(920) 574-4422
Source:
Tiffanyholtz
Added: Oct 1
Changed: Oct 7
Last Checked: Oct 12 at 7:51PM
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 Tiffany Holtz | Coldwell Banker
Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex contains two residential units and has been updated. A detached garage accommodates two cars and provides additional storage.
Built in 1928, the property is located on N Erb Street in Appleton, Wisconsin.
Built in 1928, the property is located on N Erb Street in Appleton, Wisconsin.
Key Highlights
- Two‑unit residential property
- 1,872 square feet
- Detached two‑car garage with storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,266
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,320
$285.3K
Cap Rate 7%
$203,800
$203.8K
Cap Rate 9%
$158,511
$158.5K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$21.3K $11.40/SF
− Vacancy
−$960 −$0.51/SF
EGI
$20.4K $10.89/SF
− OpEx
−$6.1K −$3.27/SF
NOI
$14.3K $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 Rate 5%
$285,320
Cap Rate 7%
$203,800
Cap Rate 9%
$158,511
Alternative Uses
Best Use
Multifamily LT 5
$203.8K
$178.3K – $237.8K
NOI $14,266 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$190.8K
$166.9K – $222.6K
NOI $13,354 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$516.1K
$451.6K – $602.2K
NOI $36,130 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
566
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
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 - The two-unit property includes a detached garage for vehicle parking and additional storage.
Where is this duplex located?
The property is located at 1415 N Erb St Appleton, WI.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two‑unit residential property; 1,872 square feet; Detached two‑car garage with storage
