Mixed-Use Property with Commercial
1903 E APPLE CREEK Road, Appleton, WI 54913
For Sale
$185,000
Commercial Sale, APPLETON, WI
Property Size1,605 SF
Lot Size0.47 Acres
Price / SF$115.26
Days on Market150
Property Features for 1903 E APPLE CREEK Road
General Information
Property type
Property subtype
Zoning
Parking
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Keller Williams Green Bay · Keller Williams Realty
(920) 632-7702
Listed By:
Breanna C. McGuire
(920) 609-3053
Added: Jun 16
Changed: Nov 11
Last Checked: Nov 12 at 12:06AM
MLS# 50327532
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 mixed-use property combines two residential units with a 1,605-square-foot commercial area. Each apartment includes one bedroom, one full bathroom, a kitchen, stove, and refrigerator. The commercial component offers additional interior area for business operations, storage, or workshop use. Separate utilities and parking serve the residential and commercial portions independently.
Property improvements include a new roof, vinyl siding, select replacement windows, and new electric heating. The building also has 200-amp electrical service. Constructed in 1940, the property occupies 0.47 acres and is zoned Residential. The site is located at 1903 E Apple Creek Road in Appleton, Wisconsin, with private water service.
Property improvements include a new roof, vinyl siding, select replacement windows, and new electric heating. The building also has 200-amp electrical service. Constructed in 1940, the property occupies 0.47 acres and is zoned Residential. The site is located at 1903 E Apple Creek Road in Appleton, Wisconsin, with private water service.
Key Highlights
- 1,605‑square‑foot commercial unit within a mixed‑use property
- Two residential units, each with 1 bedroom and 1 full bath
- Separate parking and utilities for residential and commercial areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,251
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,020
$325.0K
Cap Rate 7%
$232,157
$232.2K
Cap Rate 9%
$180,567
$180.6K
Market Conditions
NOI Build-Up for 1,605 SF
Gross rent
$28.9K $18.00/SF
− Vacancy
−$2.9K −$1.80/SF
EGI
$26.0K $16.20/SF
− OpEx
−$9.8K −$6.07/SF
NOI
$16.3K $10.13/SF
Area
Outagamie County, WI
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,020
Cap Rate 7%
$232,157
Cap Rate 9%
$180,567
Alternative Uses
Best Use
Mixed Use
$232.2K
$203.1K – $270.9K
NOI $16,251 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$163.6K
$143.1K – $190.8K
NOI $11,449 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$442.5K
$387.2K – $516.3K
NOI $30,977 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units accompany a separately serviced commercial area with dedicated parking and flexible operational space.
Where is this mixed-use property 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 $185,000.
What are key features of this property?
This property features: 1,605‑square‑foot commercial unit within a mixed‑use property; Two residential units, each with 1 bedroom and 1 full bath; Separate parking and utilities for residential and commercial areas
