Well-Maintained Two-Family
1421 Ridgeway Drive De Pere, WI 54115
For Sale
$298,000
Upper and lower two-family duplex with a shared 2-car garage near bus lines and main roads in De Pere.
Property Size1,824 SF
Price / SF$163.38
Days on Market128
Property Features for 1421 Ridgeway Drive
General Information
- Standard status
- Active
- Size
- 1,824 SF
- Property subtype
- Multifamily / Duplex (2 Unit)
Building Details
- Year Built
- 1970
Listing Agency:
Resource One Realty, LLC
(920) 621-9659
Listed By:
Diane Campshure Walczyk · License #90-53717
(920) 621-9659
Source:
Compass
Added: Mar 18
Changed: Jul 23
Last Checked: Jul 23 at 8:27AM
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 Resource One Realty, LLC
Investment Insights
Based on property information with market context.
This well-maintained upper and lower two-family duplex offers two separate living units within a single property. The layout provides comfortable living spaces for each unit, and the property includes a shared 2-car garage for added convenience. The ownership structure can accommodate both long-term investors and owner-occupants seeking rental income.
Located near bus lines and main roads, the property supports straightforward day-to-day access for residents.
With a practical two-unit configuration and an established rental history, this duplex is designed for dependable residential income while maintaining a straightforward, owner-friendly setup.
Located near bus lines and main roads, the property supports straightforward day-to-day access for residents.
With a practical two-unit configuration and an established rental history, this duplex is designed for dependable residential income while maintaining a straightforward, owner-friendly setup.
Key Highlights
- Upper‑and‑lower 2‑family duplex with 2‑story layout
- Each unit includes 2 ranges, 2 refrigerators, and 2 water heaters total
- Hot water heating with natural gas; 2 furnaces
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.6k | $14.04 |
| − Vacancy | −$922 | −$0.51 |
| EGI | $24.7k | $13.53 |
| − OpEx | −$7.4k | −$4.06 |
| NOI | $17.3k | $9.47 |
1,824 SF · lease $14.04/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$246.9K
$216.0K – $288.0K
NOI $17,281 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$228.1K
$199.6K – $266.1K
NOI $15,965 @ 7.0% cap · market cap 5.36%
Theoretical Best
Warehouse
$1.53M
$1.33M – $1.78M
NOI $106,766 @ 7.0% cap · market cap 35.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Upper and lower two-family duplex with a shared 2-car garage near bus lines and main roads in De Pere.
Where is this duplex located?
The property is located at 1421 Ridgeway Drive De Pere, WI.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Upper‑and‑lower 2‑family duplex with 2‑story layout; Each unit includes 2 ranges, 2 refrigerators, and 2 water heaters total; Hot water heating with natural gas; 2 furnaces
