Building Details

Year Built 1900

Listing Agency: Ruesch Realty

Listed By: Logan M. Rainville · License #91939018 Show Phone

Source: Moving2greenbay

Added: Aug 22 Changed: Oct 5 Last Checked: Oct 7 at 1:48PM

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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 Ruesch Realty

Investment Insights

Based on property information with market context.

This triplex contains 3,035 square feet across three residential units: a lower-level 3-bedroom, 1-bath unit and two upper-level apartments consisting of 2 bedrooms and 1 bath, and 1 bedroom and 1 bath. The lower unit is vacant, while the two upper units are occupied with tenants responsible for all utilities.

Property features include coin-operated laundry, ample off-street parking, and a two-stall attached garage. Built in 1900, the property offers a defined three-unit configuration with varied apartment layouts and on-site parking and garage space.

Key Highlights

• Three‑unit configuration with 3,035 square feet
• Unit mix includes 3 bed/1 bath, 2 bed/1 bath, and 1 bed/1 bath apartments
• Lower unit is vacant; two upper units are occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,129

Cap Rate

6.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$462,580 $462.6K

Cap Rate 7%

$330,414 $330.4K

Cap Rate 9%

$256,989 $257.0K

Market Conditions

NOI Build-Up for 3,035 SF

Gross rent

$34.6K $11.40/SF

− Vacancy

−$1.6K −$0.51/SF

EGI

$33.0K $10.89/SF

− OpEx

−$9.9K −$3.27/SF

NOI

$23.1K $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%

$462,580

Cap Rate 7%

$330,414

Cap Rate 9%

$256,989

Alternative Uses

Best Use

Multifamily LT 5

$330.4K

$289.1K – $385.5K (±1% cap)

NOI $23,129 @ 7.0% cap · market cap 6.43%

Second Best

Apartment 5plus

$309.3K

$270.6K – $360.8K (±1% cap)

NOI $21,650 @ 7.0% cap · market cap 6.02%

Theoretical Best

Office A

$836.8K

$732.2K – $976.3K (±1% cap)

NOI $58,576 @ 7.0% cap · market cap 16.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Electrical Service Storage Facility (Bike/Boat/Book/etc) Store Locksmith

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

Location Intelligence

Trade Area within ½ mile

598

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit residential property with coin-operated laundry, off-street parking, and an attached garage.

Where is this triplex located?

The property is located at 1500 N Appleton St Appleton, WI.

What is the asking price?

The asking price for this property is $359,900.

What are key features of this property?

This property features: Three‑unit configuration with 3,035 square feet; Unit mix includes 3 bed/1 bath, 2 bed/1 bath, and 1 bed/1 bath apartments; Lower unit is vacant; two upper units are occupied