Updated Duplex With Private
For Sale
$525,000
Pending
1700 E TRACIA Lane, Appleton, WI 54911
Residential Income, APPLETON, WI
Property Size3,960 SF
Lot Size0.19 Acres
Days on Market51
Property Features for 1700 E TRACIA Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex
Parking
2
Middle school
Einstein
High school
North
Elementary school district
Appleton Area
Middle school district
Appleton Area
High school district
Appleton Area
Directions
From Hwy 41 take Ballard exit to the south, west on Capitol Drive and north on Tracia Lane. Home is at the end of the street.
Standard status
Pending
APN
311701100
Size
3,960 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5375
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1990
Number of units
2
Building materials
Brick, Vinyl Siding, Shake Siding
Listing Agency:
LIV Wisconsin Realty
(920) 772-8977
Listed By:
Gregory R. Busha
(920) 841-3791
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 29 at 11:06PM
MLS# 50329050
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.
This 1990 duplex contains 3,960 square feet, with each side offering 1,980 square feet, three bedrooms, and 2.5 bathrooms. Both residences feature open layouts with island kitchens, appliances, vaulted ceilings, gas fireplaces, and private primary suites with full baths. Recent improvements include newer flooring, fixtures, paint, and water heaters. Forced-air heating serves the property, which has brick and siding exterior materials.
The property sits on 0.19 acres in Appleton’s North High School district, near Memorial Park, restaurants, and Highway 41 access. The Highway 41/Ballard Road interchange was completed in fall 2025, and a sound barrier wall is planned between the off-ramp and backyard in 2029. Public water and public sewer serve the duplex.
The property sits on 0.19 acres in Appleton’s North High School district, near Memorial Park, restaurants, and Highway 41 access. The Highway 41/Ballard Road interchange was completed in fall 2025, and a sound barrier wall is planned between the off-ramp and backyard in 2029. Public water and public sewer serve the duplex.
Key Highlights
- 3,960 SF duplex with two 1,980 SF units
- Each side includes 3 bedrooms and 2.5 bathrooms
- Island kitchens with appliances, vaulted ceilings, and gas fireplaces
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
$30,179
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
5.75%
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%
$603,580
$603.6K
Cap Rate 7%
$431,129
$431.1K
Cap Rate 9%
$335,322
$335.3K
Market Conditions
NOI Build-Up for 3,960 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
$45.1K $11.40/SF
− Vacancy
−$2.0K −$0.51/SF
EGI
$43.1K $10.89/SF
− OpEx
−$12.9K −$3.27/SF
NOI
$30.2K $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%
$603,580
Cap Rate 7%
$431,129
Cap Rate 9%
$335,322
Alternative Uses
Best Use
Multifamily LT 5
$431.1K
$377.2K – $503.0K
NOI $30,179 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$403.5K
$353.1K – $470.8K
NOI $28,248 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.09M
$955.4K – $1.27M
NOI $76,428 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
Demographics for 54911, WI
26,964
Population
11,171
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
8.4 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,747
Median Household Income
$38,591
Median Earnings
$1,010
Median Rent
$199,100
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 - Two spacious units feature island kitchens, vaulted ceilings, fireplaces, and dedicated primary suites.
Where is this duplex located?
The property is located at 1700 E TRACIA Lane Appleton, WI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,960 SF duplex with two 1,980 SF units; Each side includes 3 bedrooms and 2.5 bathrooms; Island kitchens with appliances, vaulted ceilings, and gas fireplaces
