Side-by-Side Duplex with
For Sale
$299,000
1500 GREENDALE Street, Menasha, WI 54952
Two-unit residential property with basement storage, updated interiors, a private side yard, and an attached garage.
Property Size1,584 SF
Price / SF$188.76
Days on Market10
Property Features for 1500 GREENDALE Street
General Information
Standard status
Active
Size
1,584 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,323
Building Details
Building Size
1,584 SF
Year Built
1969
Listing Agency:
Realty One Group Haven
(920) 791-9143
Listed By:
Kathryn A. Schumann · License #91-938708
(920) 791-9143
Source:
C21ace
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 21 at 10:22AM
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 Realty One Group Haven
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 1,584 square feet and was built in 1969. The property includes two residential units, a full-size basement, an attached one-car garage, and additional side-yard space. Recent interior updates and newly poured driveway concrete are also noted.
The configuration supports owner occupancy in one unit while the second is rented, or use of both sides as rental units. Located at 1500 Greendale Street in Menasha, Wisconsin, the property combines separate living spaces with practical storage, parking, and outdoor area.
The configuration supports owner occupancy in one unit while the second is rented, or use of both sides as rental units. Located at 1500 Greendale Street in Menasha, Wisconsin, the property combines separate living spaces with practical storage, parking, and outdoor area.
Key Highlights
- Side‑by‑side duplex with 1,584 square feet
- Built in 1969 with recent interior updates
- Full‑size basement provides additional storage space
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
$10,688
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
3.57%
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%
$213,760
$213.8K
Cap Rate 7%
$152,686
$152.7K
Cap Rate 9%
$118,756
$118.8K
Market Conditions
NOI Build-Up for 1,584 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
$16.2K $10.20/SF
− Vacancy
−$889 −$0.56/SF
EGI
$15.3K $9.64/SF
− OpEx
−$4.6K −$2.89/SF
NOI
$10.7K $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 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%
$213,760
Cap Rate 7%
$152,686
Cap Rate 9%
$118,756
Alternative Uses
Best Use
Multifamily LT 5
$152.7K
$133.6K – $178.1K
NOI $10,688 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$137.6K
$120.4K – $160.6K
NOI $9,634 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$341.9K
$299.2K – $398.9K
NOI $23,932 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
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
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 - Two-unit residential property with basement storage, updated interiors, a private side yard, and an attached garage.
Where is this duplex located?
The property is located at 1500 GREENDALE Street Menasha, WI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 1,584 square feet; Built in 1969 with recent interior updates; Full‑size basement provides additional storage space
