Two-Unit
New
For Sale
$264,900
1822 S BOUTEN Street, Appleton, WI 54915
Both residences have separate utility meters, with each offering two bedrooms and one bathroom.
Property Size1,790 SF
Price / SF$147.99
Days on Market6
Property Features for 1822 S BOUTEN Street
General Information
Standard status
Active
Size
1,790 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$30,300
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,935
Building Details
Building Size
1,790 SF
Year Built
1947
Listing Agency:
Coldwell Banker Real Estate Group
Listed By:
Tiffany L. Holtz · License #91-6849
(920) 415-0472
Source:
C21ace
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:49PM
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 Coldwell Banker Real Estate Group
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Investment Insights
Based on property information with market context.
This 1947 duplex contains two residences, each arranged with two bedrooms and one bathroom. The building totals 1,790 square feet, and both units are currently occupied. Utilities are separately metered for each unit.
A water heater was installed in 2025, and the furnace was replaced in 2024. Residents handle lawn and snow care.
A water heater was installed in 2025, and the furnace was replaced in 2024. Residents handle lawn and snow care.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,790 square feet total
- Both units currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,641
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,820
$272.8K
Cap Rate 7%
$194,871
$194.9K
Cap Rate 9%
$151,567
$151.6K
Market Conditions
NOI Build-Up for 1,790 SF
Gross rent
$20.4K $11.40/SF
− Vacancy
−$918 −$0.51/SF
EGI
$19.5K $10.89/SF
− OpEx
−$5.8K −$3.27/SF
NOI
$13.6K $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 Rate 5%
$272,820
Cap Rate 7%
$194,871
Cap Rate 9%
$151,567
Alternative Uses
Best Use
Multifamily LT 5
$194.9K
$170.5K – $227.4K
NOI $13,641 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$182.4K
$159.6K – $212.8K
NOI $12,769 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$493.5K
$431.8K – $575.8K
NOI $34,547 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
821
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate utility meters, with each offering two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 1822 S BOUTEN Street Appleton, WI.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,790 square feet total; Both units currently rented
