Duplex with Attached
New
For Sale
$649,900
1587 DELTA Drive, Neenah, WI 54956
Both residences include vaulted ceilings, full appliance packages, and private laundry.
Property Size3,350 SF
Price / SF$194
Days on Market5
Property Features for 1587 DELTA Drive
General Information
Standard status
Active
Size
3,350 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$2,475
Amenities
vaulted ceilings
in-unit washer/dryer
Building Details
Building Size
3,350 SF
Year Built
2023
Buildings
1
Listing Agency:
Keller Williams Fox Cities
Listed By:
Brittany R. McGuire · License #91-937763
(715) 699-0011
Source:
C21ace
Added: Oct 13
Changed: Oct 17
Last Checked: Oct 16 at 4:53PM
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 Keller Williams Fox Cities
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Investment Insights
Based on property information with market context.
Built in 2023, this side-by-side duplex contains two matching residences, each with 3 bedrooms and 2 bathrooms. Vaulted ceilings and a two-car attached garage serve each unit, along with included appliances and in-unit laundry equipment.
The floor plan places the primary bedroom and bathroom upstairs. Two additional bedrooms and a bathroom occupy the finished lower level in each residence.
The floor plan places the primary bedroom and bathroom upstairs. Two additional bedrooms and a bathroom occupy the finished lower level in each residence.
Key Highlights
- 2023 construction
- Two side‑by‑side units, each with 3 bedrooms and 2 bathrooms
- Two‑car attached garage at each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,603
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,060
$452.1K
Cap Rate 7%
$322,900
$322.9K
Cap Rate 9%
$251,144
$251.1K
Market Conditions
NOI Build-Up for 3,350 SF
Gross rent
$34.2K $10.20/SF
− Vacancy
−$1.9K −$0.56/SF
EGI
$32.3K $9.64/SF
− OpEx
−$9.7K −$2.89/SF
NOI
$22.6K $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 Rate 5%
$452,060
Cap Rate 7%
$322,900
Cap Rate 9%
$251,144
Alternative Uses
Best Use
Multifamily LT 5
$322.9K
$282.5K – $376.7K
NOI $22,603 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$291.1K
$254.7K – $339.6K
NOI $20,374 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$723.0K
$632.7K – $843.6K
NOI $50,613 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 54956, WI
46,316
Population
20,104
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
96%
High-School Grad
61.7 sq mi
ZIP Area
751
Density / Sq Mi
$81,386
Median Household Income
$49,445
Median Earnings
$1,005
Median Rent
$238,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include vaulted ceilings, full appliance packages, and private laundry.
Where is this duplex located?
The property is located at 1587 DELTA Drive Neenah, WI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2023 construction; Two side‑by‑side units, each with 3 bedrooms and 2 bathrooms; Two‑car attached garage at each unit
