Duplex with Attached
For Sale
$349,900
Pending
1633 West Weiland Lane, Appleton, WI 54914
Duplex for sale with two 2-bedroom units, each with attached 1-car garage.
Property Size2,112 SF
Days on Market80
Property Features for 1633 West Weiland Lane
General Information
Standard status
Pending
Size
2,112 SF
Total Parking Spaces
2
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
Residential
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,523
Amenities
Forced Air
2
Natural Gas
1
Full,Sump Pump
Poured Concrete
2 side by side,2 Story
Vinyl Siding
Not Applicable
Building Details
Year Built
1983
Buildings
1
Listing Agency:
Corbett Realty
Listed By:
Giovani Leon-Martinez · License #94-114655
(920) 277-8973
Source:
Compass
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 5 at 12:37PM
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 Corbett Realty
Investment Insights
Based on property information with market context.
This duplex offers flexible residential income or owner-occupancy options, with two units designed for straightforward living. Each unit includes two bedrooms, one full bathroom, and one half bathroom, along with an attached one-car garage.
The property is located at 1633 West Weiland Lane in Appleton, WI, near everyday amenities such as parks, restaurants, shopping, and other local conveniences. The listing notes open houses on June 20 from 2–3pm and June 24 from 6:30–7:30pm, with no private showings. Offers are due June 25 and reviewed June 26.
The attached garages and functional layouts provide a practical configuration for tenants or for an owner seeking to occupy one side while renting the other.
The property is located at 1633 West Weiland Lane in Appleton, WI, near everyday amenities such as parks, restaurants, shopping, and other local conveniences. The listing notes open houses on June 20 from 2–3pm and June 24 from 6:30–7:30pm, with no private showings. Offers are due June 25 and reviewed June 26.
The attached garages and functional layouts provide a practical configuration for tenants or for an owner seeking to occupy one side while renting the other.
Key Highlights
- Duplex built in 1983 with 2 side‑by‑side, 2‑story units
- Each unit offers 2 bedrooms, 1 full bathroom, and 1 half bathroom
- Each unit includes an attached 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,095
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$321,900
$321.9K
Cap Rate 7%
$229,929
$229.9K
Cap Rate 9%
$178,833
$178.8K
Market Conditions
NOI Build-Up for 2,112 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.1K $11.40/SF
− Vacancy
−$1.1K −$0.51/SF
EGI
$23.0K $10.89/SF
− OpEx
−$6.9K −$3.27/SF
NOI
$16.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$321,900
Cap Rate 7%
$229,929
Cap Rate 9%
$178,833
Alternative Uses
Best Use
Multifamily LT 5
$229.9K
$201.2K – $268.3K
NOI $16,095 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$215.2K
$188.3K – $251.1K
NOI $15,065 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$582.3K
$509.5K – $679.4K
NOI $40,762 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 54914, WI
31,082
Population
14,002
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
19.2 sq mi
ZIP Area
1,619
Density / Sq Mi
$77,199
Median Household Income
$42,481
Median Earnings
$936
Median Rent
$210,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale with two 2-bedroom units, each with attached 1-car garage.
Where is this duplex located?
The property is located at 1633 West Weiland Lane Appleton, WI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Duplex built in 1983 with 2 side‑by‑side, 2‑story units; Each unit offers 2 bedrooms, 1 full bathroom, and 1 half bathroom; Each unit includes an attached 1‑car garage
