Two-Unit
New
For Sale
$264,900
1822 S BOUTEN Street, Appleton, WI 54915
Residential Income, APPLETON, WI
Property Size1,790 SF
Lot Size0.15 Acres
Price / SF$147.99
Days on Market2
Property Features for 1822 S BOUTEN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex
Parking
2
Elementary school district
Appleton Area
Middle school district
Appleton Area
High school district
Appleton Area
Directions
South on Memorial Drive past the river. Left on Seymour Street to right on Bouten St. to home on left.
Standard status
Active
APN
31-4-0992-00
Size
1,790 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BOUTEN PLAT 4WD LOT 26 BLK 2
Tax Annual Amount
2935
Legal Description
BOUTEN PLAT 4WD LOT 26 BLK 2
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1947
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Coldwell Banker Real Estate Group
(920) 993-7007
Listed By:
Tiffany L. Holtz · License #916849
(920) 415-0472
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 12:06PM
MLS# 50334355
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.
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Investment Insights
Based on property information with market context.
This 1,790-square-foot duplex contains two units, each configured with two bedrooms and one bathroom. The 1947 building has vinyl siding and forced-air heat, with a water heater replaced in 2025 and a furnace replaced in 2024, according to the seller. Each unit has separate utility metering, and the property is served by public water and sewer.
The 0.15-acre parcel is zoned 2 Family/Duplex and is located in Appleton, Wisconsin. Both units are currently occupied, and tenants handle lawn and snow care.
The 0.15-acre parcel is zoned 2 Family/Duplex and is located in Appleton, Wisconsin. Both units are currently occupied, and tenants handle lawn and snow care.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,790 square feet on a 0.15‑acre lot
- Separate utility meters for each unit
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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Current Use
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and one bathroom, with separate utility meters.
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 on a 0.15‑acre lot; Separate utility meters for each unit
