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    Two-Unit Residential with Commercial Space Title is generated by Realmo AI

    1903 E APPLE CREEK Road, Appleton, WI 54913

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    For Sale
    $239,900

    MULTI_FAMILY - APPLETON, WI

    Property size:
    1,340 SF
    Lot size:
    0.47 Acres
    Price / SF:
    $179/SF
    Added:
    Jun 16, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 17 at 5:06 pm

    Property Features for 1903 E APPLE CREEK Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    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

    Utilities

    Water source
    Private

    Building Details

    Year built
    1940
    Number of units
    2
    Building materials
    Vinyl Siding

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    Listing Contact
    Breanna C. Johnson

    Listing agent Breanna C. Johnson License #94-92531

    Listing office Keller Williams Green Bay 3500 Packerland Dr Ste 270, De pere, WI

    Listing date Jun 16, 2026

    MLS# 50327534 Listing URL

    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.

    HighLights

    • Appleton property with 2 residential units plus a 1605 SF commercial unit for owner‑occupancy, rental, or business use
    • Each residential unit has 1 bedroom, 1 full bath, and a kitchen with a stove and refrigerator
    • Commercial unit offers flexible room for storage, hobby, shop, workspace, or business use
    • Separate parking spaces for each unit for simple access
    • Recent updates include a new roof, new windows, new siding (vinyl siding), and new electric heating
    • Water source: well; Year built: 1940

    Overview

    This property includes two residential units plus an additional commercial unit. Each residential unit is configured with one bedroom, one full bath, and a kitchen with a stove and refrigerator. The commercial space is offered as a flexible, open room that can accommodate a variety of uses such as storage, hobby space, a shop, or workspace, subject to applicable requirements. Recent improvements include a new roof, new windows, new siding, and new electric heating.

    Located at 1903 E Apple Creek Road in Appleton, Wisconsin (Outagamie County), the property sits on a 0.47-acre lot. The existing zoning is Residential. Parking is separated for each unit, providing straightforward access for occupants.

    For buyers and tenants looking for a live-and-work style setup, the mix of residential and commercial space offers practical options. A business operator could consider using the commercial unit while renting one or both residential units, or the configuration can support renting all units depending on the intended operating plan. The separate parking helps keep day-to-day access organized across the combined uses.

    Local Financial Insights For Office B

    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 $30.2k $22.56
    − Vacancy −$3.6k −$2.71
    EGI $26.6k $19.85
    − OpEx −$6.7k −$4.96
    NOI $20.0k $14.89
    1,340 SF · lease $22.56/SF/yr · vacancy 12.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $285.0K
    $249.4K – $332.5K (±1% cap)
    NOI $19,952 @ 7.0% cap · market cap 8.32%
    Second Best
    Multifamily LT 5
    $145.9K
    $127.7K – $170.2K (±1% cap)
    NOI $10,212 @ 7.0% cap · market cap 4.26%
    Theoretical Best
    Office A
    $369.5K
    $323.3K – $431.0K (±1% cap)
    NOI $25,862 @ 7.0% cap · market cap 10.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.376846
    Latitude
    44.323788

    FAQs

    What type of property is this?
    Duplex - Updated property with two residential units and a commercial unit, each with separate parking.
    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 $239,900.
    What are key features of this property?
    This property features: Appleton property with 2 residential units plus a 1605 SF commercial unit for owner‑occupancy, rental, or business use; Each residential unit has 1 bedroom, 1 full bath, and a kitchen with a stove and refrigerator; Commercial unit offers flexible room for storage, hobby, shop, workspace, or business use
    More about this property
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