Two-Unit Duplex with Full
New
For Sale
$240,000
1597 Oakridge Rd, Neenah, WI 54956
Two distinct layouts include a two-story residence and a ranch-style unit, with unfinished lower-level space for storage.
Property Size2,160 SF
Price / SF$111.11
Days on Market2
Property Features for 1597 Oakridge Rd
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1930
Listed By:
Tiffany Holtz | Coldwell Banker
(920) 574-4422
Source:
Tiffanyholtz
Added: Oct 16
Last Checked: Oct 16 at 7:01AM
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 Tiffany Holtz | Coldwell Banker
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Investment Insights
Based on property information with market context.
This duplex contains 2,160 square feet across two residences. The home at 1597 has a two-story layout with a living room, kitchen dining area, half bath, two upstairs bedrooms, and a full bathroom. The second unit is ranch-style, with an oversized living room, kitchen and dining area, a larger bedroom, and a smaller bedroom that also accommodates main-level laundry. Storage and closets are provided throughout, and the property includes a full unfinished basement.
Built in 1930, the duplex is in the Town of Neenah and borders farmland.
Built in 1930, the duplex is in the Town of Neenah and borders farmland.
Key Highlights
- Two residential units with distinct floor plans: one two‑story and one ranch‑style
- 2,160 square feet
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,574
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,480
$291.5K
Cap Rate 7%
$208,200
$208.2K
Cap Rate 9%
$161,933
$161.9K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$22.0K $10.20/SF
− Vacancy
−$1.2K −$0.56/SF
EGI
$20.8K $9.64/SF
− OpEx
−$6.2K −$2.89/SF
NOI
$14.6K $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%
$291,480
Cap Rate 7%
$208,200
Cap Rate 9%
$161,933
Alternative Uses
Best Use
Multifamily LT 5
$208.2K
$182.2K – $242.9K
NOI $14,574 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$187.7K
$164.2K – $219.0K
NOI $13,137 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$466.2K
$407.9K – $543.9K
NOI $32,634 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
64
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 - Two distinct layouts include a two-story residence and a ranch-style unit, with unfinished lower-level space for storage.
Where is this duplex located?
The property is located at 1597 Oakridge Rd Neenah, WI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two residential units with distinct floor plans: one two‑story and one ranch‑style; 2,160 square feet; Built in 1930
