Side-by-Side
New
For Sale
$649,900
1587 DELTA Drive, Neenah, WI 54956
Residential Income, NEENAH, WI
Property Size3,350 SF
Lot Size0.38 Acres
Price / SF$194
Days on Market2
Property Features for 1587 DELTA Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Recreational
Parking
2
Elementary school district
Neenah
Middle school district
Neenah
High school district
Neenah
Directions
Prospect Ave to American Drive to Delta Drive
Standard status
Active
APN
5779
Size
3,350 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
REDTAIL CROSSING PLAT LOT 15 .38 A.
Tax Annual Amount
2475
Legal Description
REDTAIL CROSSING PLAT LOT 15 .38 A.
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
vaulted ceilings
in-unit washer/dryer
Building Details
Year built
2023
Number of units
2
Building materials
Stone, Vinyl Siding
Listing Agency:
Keller Williams Fox Cities · Keller Williams Realty
(920) 903-9031
Listed By:
Brittany R. McGuire · License #91937763
(715) 699-0011
Added: Oct 13
Changed: Oct 14
Last Checked: Oct 14 at 5:06AM
MLS# 50334235
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.
Investment Insights
Based on property information with market context.
Built in 2023, this side-by-side duplex contains 3,350 square feet across two residences on a 0.38-acre lot. Each unit offers three bedrooms and two bathrooms, with the primary bedroom and bath upstairs and two additional bedrooms with a bathroom in the finished lower level. Vaulted ceilings and an attached two-car garage serve each side, and appliances, including an in-unit washer and dryer, are included.
The property has forced-air heating, central air conditioning, stone and vinyl siding, public water, and public sewer. Zoning is Recreational.
The property has forced-air heating, central air conditioning, stone and vinyl siding, public water, and public sewer. Zoning is Recreational.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 2 bathrooms
- 3,350 square feet on a 0.38‑acre lot
- Built in 2023
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.
How Realmo checks its estimates
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms, vaulted ceilings, and an attached two-car garage.
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: Two side‑by‑side units, each with 3 bedrooms and 2 bathrooms; 3,350 square feet on a 0.38‑acre lot; Built in 2023
