Duplex with Commercial Unit
For Sale
$214,900
1903 E APPLE CREEK Road, Appleton, WI 54913
MULTI_FAMILY - APPLETON, WI
Property Size1,340 SF
Lot Size0.47 Acres
Price / SF$160.37
Days on Market48
Property Features for 1903 E APPLE CREEK Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Elementary school district
Appleton Area
Middle school district
Appleton Area
High school district
Appleton Area
Directions
From N Ballard Rd, go east on E Apple Creek Rd. Continue to 1903 E Apple Creek Rd on the south side.
Standard status
Active
APN
10-1-0040-00 01
Size
1,340 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 2 CSM 6787
Tax Annual Amount
2564
Legal Description
LOT 2 CSM 6787
Utilities
Water source
Private
Building Details
Year built
1940
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Green Bay · Keller Williams Realty
(920) 632-7702
Listed By:
Breanna C. Johnson · License #9492531
(920) 609-3053
Added: Jun 16
Changed: Aug 1
Last Checked: Aug 2 at 2:06PM
MLS# 50327534
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 duplex in Grand Chute includes two residential units, each with one bedroom, one full bath, and a kitchen with a stove and refrigerator. The property also features a separate commercial unit totaling 1,605 square feet, which can support income opportunities and provides room for storage, a workshop, or other business use.
Updates include a new roof, new siding, some new windows, and new electric heating. The home has 200 amp electrical service and vinyl siding, and it is served by private water. Separate parking and separate utilities are included, supporting flexible day-to-day use between residential and commercial needs.
Built in 1940 and set on 0.47 acres, the property sits under Residential zoning. It combines residential and commercial space in one address for owner-occupancy or tenant-based flexibility.
Updates include a new roof, new siding, some new windows, and new electric heating. The home has 200 amp electrical service and vinyl siding, and it is served by private water. Separate parking and separate utilities are included, supporting flexible day-to-day use between residential and commercial needs.
Built in 1940 and set on 0.47 acres, the property sits under Residential zoning. It combines residential and commercial space in one address for owner-occupancy or tenant-based flexibility.
Key Highlights
- 0.47‑acre duplex property in Residential zoning
- Two residential units: 1 bedroom, 1 full bath, kitchen with stove and refrigerator
- Separate 1,605 SF commercial unit for storage, workshop, or business use
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.3k | $11.40 |
| − Vacancy | −$687 | −$0.51 |
| EGI | $14.6k | $10.89 |
| − OpEx | −$4.4k | −$3.27 |
| NOI | $10.2k | $7.62 |
1,340 SF · lease $11.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$145.9K
$127.7K – $170.2K
NOI $10,212 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$136.6K
$119.5K – $159.3K
NOI $9,559 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$369.5K
$323.3K – $431.0K
NOI $25,862 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 54913, WI
23,818
Population
9,930
Households
2.4
Avg Household Size
40
Median Age
47%
College-Educated
98%
High-School Grad
64.2 sq mi
ZIP Area
371
Density / Sq Mi
$103,149
Median Household Income
$57,739
Median Earnings
$1,158
Median Rent
$365,400
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 property with two updated residential units plus a commercial unit, offering separate parking and utilities for added flexibility.
Where is this duplex located?
The property is located at 1903 E APPLE CREEK Road Appleton, WI.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: 0.47‑acre duplex property in Residential zoning; Two residential units: 1 bedroom, 1 full bath, kitchen with stove and refrigerator; Separate 1,605 SF commercial unit for storage, workshop, or business use
