Side-by-Side Duplex Income
For Sale
$449,900
17 Pamela Court, Appleton, WI 54915
Well-maintained side-by-side duplex with separate entrances and a yard, with one unit rented month-to-month.
Property Size4,031 SF
Price / SF$111.61
Days on Market73
Property Features for 17 Pamela Court
General Information
Standard status
Active
Size
4,031 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,857
Amenities
Forced Air
2
Natural Gas
Finished Contiguous,Full,Partial Fin. Contiguous
Poured Concrete
1.5 Story,2 side by side
Vinyl Siding
1st Floor Bedroom,1st Floor Full Bath,Laundry 1st Floor
Building Details
Year Built
1994
Buildings
1
Tenancy
Multi
Listing Agency:
Century 21 Ace Realty
Listed By:
Brenda L Feucht · License #94-85411
(920) 284-8980
Source:
Compass
Added: Jun 25
Changed: Aug 8
Last Checked: Jul 21 at 3:22AM
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 Century 21 Ace Realty
Investment Insights
Based on property information with market context.
This well-maintained side-by-side duplex offers two separate units with their own entrances. Unit 17 features four bedrooms and two full bathrooms, including a main-floor primary bedroom, along with a two-way gas fireplace and a finished lower-level rec room. Unit 15 provides two bedrooms and 1.5 bathrooms and is currently rented to month-to-month tenants.
The property is located on a cul-de-sac near shopping, restaurants, and highway access, supporting both owner-occupant and income-focused use.
With generous living spaces, attractive curb appeal, and move-in-ready condition, the duplex is designed to accommodate flexible living and rental arrangements.
The property is located on a cul-de-sac near shopping, restaurants, and highway access, supporting both owner-occupant and income-focused use.
With generous living spaces, attractive curb appeal, and move-in-ready condition, the duplex is designed to accommodate flexible living and rental arrangements.
Key Highlights
- Well‑maintained side‑by‑side duplex built in 1994 with separate entrances
- Unit 15: 2 beds, 1.5 baths and currently rented to month‑to‑month tenants
- Unit 17: 4 beds, 2 full baths with a main‑floor primary bedroom
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
$30,720
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
6.83%
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%
$614,400
$614.4K
Cap Rate 7%
$438,857
$438.9K
Cap Rate 9%
$341,333
$341.3K
Market Conditions
NOI Build-Up for 4,031 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
$46.0K $11.40/SF
− Vacancy
−$2.1K −$0.51/SF
EGI
$43.9K $10.89/SF
− OpEx
−$13.2K −$3.27/SF
NOI
$30.7K $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%
$614,400
Cap Rate 7%
$438,857
Cap Rate 9%
$341,333
Alternative Uses
Best Use
Multifamily LT 5
$438.9K
$384.0K – $512.0K
NOI $30,720 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$410.8K
$359.4K – $479.2K
NOI $28,754 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.11M
$972.5K – $1.30M
NOI $77,798 @ 7.0% cap · market cap 17.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 54915, WI
43,190
Population
18,373
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,879
Density / Sq Mi
$83,814
Median Household Income
$49,554
Median Earnings
$974
Median Rent
$247,900
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 - Well-maintained side-by-side duplex with separate entrances and a yard, with one unit rented month-to-month.
Where is this duplex located?
The property is located at 17 Pamela Court Appleton, WI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Well‑maintained side‑by‑side duplex built in 1994 with separate entrances; Unit 15: 2 beds, 1.5 baths and currently rented to month‑to‑month tenants; Unit 17: 4 beds, 2 full baths with a main‑floor primary bedroom
