Well-Maintained Duplex With
For Sale
$425,000
Pending
1825 West Brewster Street, Appleton, WI 54914
Duplex for sale with two units, three garage stalls, and recent exterior updates including a new roof and siding.
Property Size2,480 SF
Days on Market62
Property Features for 1825 West Brewster Street
General Information
Standard status
Pending
Size
2,480 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
Residential
Occupancy
50%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,579
Amenities
2
Natural Gas
Full
Poured Concrete
2 side by side,2 Story
Vinyl Siding
1st Floor Full Bath,Level Drive,Level Lot
Building Details
Year Built
1977
Buildings
1
Listing Agency:
Acre Realty, Ltd.
Listed By:
Myriah E Conradt · License #94-79247
(920) 209-3118
Source:
Compass
Added: Jul 6
Changed: Aug 8
Last Checked: Jul 31 at 10:59AM
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 Acre Realty, Ltd.
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units within one building. One side is currently occupied by a tenant under a lease, while the other side is vacant. The vacant unit includes two living spaces and comes with kitchen appliances.
The property includes three total garage stalls and additional off-street parking. Exterior improvements include a new roof, siding, gutters, soffit, and fascia on the entire building. Interior updates include fresh paint and new luxury vinyl plank flooring on the 1825 side. The 1827 side features fresh paint, updated kitchen cabinets, two remodeled bathrooms, new flooring, and a new patio door.
A 24-hour notice is required for showings due to the tenant in place.
The property includes three total garage stalls and additional off-street parking. Exterior improvements include a new roof, siding, gutters, soffit, and fascia on the entire building. Interior updates include fresh paint and new luxury vinyl plank flooring on the 1825 side. The 1827 side features fresh paint, updated kitchen cabinets, two remodeled bathrooms, new flooring, and a new patio door.
A 24-hour notice is required for showings due to the tenant in place.
Key Highlights
- Duplex (2 side‑by‑side, 2‑story) built in 1977 with full lower level and vinyl siding
- Both sides include kitchen appliances; the vacant unit has two living spaces and 2 refrigerators
- Heating: natural gas with 2 furnaces and 2 water heaters
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
$18,900
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
4.45%
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%
$378,000
$378.0K
Cap Rate 7%
$270,000
$270.0K
Cap Rate 9%
$210,000
$210.0K
Market Conditions
NOI Build-Up for 2,480 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
$28.3K $11.40/SF
− Vacancy
−$1.3K −$0.51/SF
EGI
$27.0K $10.89/SF
− OpEx
−$8.1K −$3.27/SF
NOI
$18.9K $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%
$378,000
Cap Rate 7%
$270,000
Cap Rate 9%
$210,000
Alternative Uses
Best Use
Multifamily LT 5
$270.0K
$236.3K – $315.0K
NOI $18,900 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$252.7K
$221.1K – $294.9K
NOI $17,691 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$683.8K
$598.3K – $797.7K
NOI $47,864 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
559
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 units, three garage stalls, and recent exterior updates including a new roof and siding.
Where is this duplex located?
The property is located at 1825 West Brewster Street Appleton, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex (2 side‑by‑side, 2‑story) built in 1977 with full lower level and vinyl siding; Both sides include kitchen appliances; the vacant unit has two living spaces and 2 refrigerators; Heating: natural gas with 2 furnaces and 2 water heaters
