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    Turnkey 3-Unit Multifamily Property Title is generated by Realmo AI

    153 HOYT Street, Fond du Lac, WI 54935

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    For Sale
    $225,000

    MULTI_FAMILY - FOND DU LAC, WI

    Property size:
    1,962 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $114/SF
    Added:
    Apr 30, 2026
    Days on Market:
    34
    Last Refresh:
    Jun 2 at 9:06 pm

    Property Features for 153 HOYT Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi-Family(3Units),Res
    Standard status
    Active
    APN
    FDL-15-17-11-33-519-00
    Size
    1,962 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2805

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Tanner L. Beckman

    Listing agent Tanner L. Beckman License #9486549

    Listing office Beckman Properties 621 N Lynndale Dr, Appleton, WI

    Listing date Apr 30, 2026

    MLS# 50324594 Listing URL

    Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3‑unit multi‑family property built in 1900
    • Fully renovated throughout, with modern updates in each unit
    • Currently 100% occupied
    • Roof approximately 10 years old
    • Public water and public sewer
    • Vinyl siding with forced‑air heating

    Overview

    This turnkey 3-unit multifamily property has been fully renovated throughout and is ready to operate. Each unit features modern updates intended to appeal to and retain quality tenants. The building is currently 100% occupied, providing immediate, reliable income. A key exterior improvement includes a roof that is approximately 10 years old, helping support long-term ownership with a lower maintenance burden.

    The property is located in Fond du Lac, Wisconsin at 153 Hoyt Street, within a zoning designation for multi-family use allowing three units. The lot size is listed at 0.13 acres.

    For investors or owner-operators seeking a low-maintenance, income-focused asset, this offering stands out for its move-in readiness and current occupancy. With renovation work already completed and rental units performing at full capacity, it may fit well for those looking to add to a portfolio with minimal near-term execution. The seller requires 48-hour binding acceptance for any offer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fond du Lac
    County
    Fond du Lac
    State
    Wisconsin
    Longitude
    -88.441193
    Latitude
    43.780404

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    FAQs

    What type of property is this?
    Triplex - Fully renovated, 3-unit building is 100% occupied and designed for reliable income from day one.
    Where is this triplex located?
    The property is located at 153 HOYT Street Fond du Lac, WI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 3‑unit multi‑family property built in 1900; Fully renovated throughout, with modern updates in each unit; Currently 100% occupied
    (920) 428-9665
    We can help!
    Listing Contact
    Tanner L. Beckman
    Real Estate License ID: 9486549
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    153 HOYT Street, FOND DU LAC, WI 54935-3549
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