1-Bedroom Apartment in Restored Bank
For Sale
Contact for pricing
200 W College Ave Unit 308, Appleton, WI 54911
Open-concept apartment offers floor-to-ceiling windows, elevator access, and in-unit laundry.
Property Size800 SF
Price / SF$1.87
Days on Market65
Property Features for 200 W College Ave Unit 308
General Information
Standard status
Active
Size
800 SF
Elevators
Yes
Property subtype
Multi-Family
Amenities
in-unit washer/dryer
keyless entry
individual climate control
on-site fitness center
Listing Agency:
American, REALTORS
Listed By:
David Baehr · License #5260990
(608) 213-6686
Source:
Madisonareahomesforsale
Added: Aug 17
Changed: Oct 15
Last Checked: Oct 19 at 6:45AM
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 American, REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 800-square-foot, 1-bedroom apartment occupies a restored mid-century bank building in downtown Appleton. The open-concept layout includes high ceilings, floor-to-ceiling windows, a kitchen with sleek cabinetry, a center island, and brand-new appliances. The bathroom features a modern vanity and oversized shower.
Apartment amenities include all utilities, an in-unit washer and dryer, reserved parking, elevator access, keyless entry, and individual climate control. The building also offers an on-site fitness center, subject to confirmation. Optional weekly maid service and rent-to-suit terms are available. The referenced floorplan corresponds to this unit’s layout, while photos show sample finishes from other units in the building.
Apartment amenities include all utilities, an in-unit washer and dryer, reserved parking, elevator access, keyless entry, and individual climate control. The building also offers an on-site fitness center, subject to confirmation. Optional weekly maid service and rent-to-suit terms are available. The referenced floorplan corresponds to this unit’s layout, while photos show sample finishes from other units in the building.
Key Highlights
- 800 SF 1‑bedroom apartment in downtown Appleton
- Restored mid‑century bank building with elevator access
- Open‑concept layout with high ceilings and floor‑to‑ceiling windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,707
Suggested Prices Based on Cap Rates
Cap Rate 5%
$114,140
$114.1K
Cap Rate 7%
$81,529
$81.5K
Cap Rate 9%
$63,411
$63.4K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$10.8K $13.44/SF
− Vacancy
−$376 −$0.47/SF
EGI
$10.4K $12.97/SF
− OpEx
−$4.7K −$5.84/SF
NOI
$5.7K $7.13/SF
Area
Outagamie County, WI
Vacancy
3.50%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$114,140
Cap Rate 7%
$81,529
Cap Rate 9%
$63,411
Alternative Uses
Best Use
Apartment 5plus
$81.5K
$71.3K – $95.1K
NOI $5,707 @ 7.0% cap · market cap 381.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$220.6K
$193.0K – $257.3K
NOI $15,440 @ 7.0% cap · market cap 1,032.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,633
Businesses Nearby
Explore this area
Business Placement
Demographics for 54911, WI
26,964
Population
11,171
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
8.4 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,747
Median Household Income
$38,591
Median Earnings
$1,010
Median Rent
$199,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Open-concept apartment offers floor-to-ceiling windows, elevator access, and in-unit laundry.
Where is this multifamily property located?
The property is located at 200 W College Ave Unit 308 Appleton, WI.
What are key features of this property?
This property features: 800 SF 1‑bedroom apartment in downtown Appleton; Restored mid‑century bank building with elevator access; Open‑concept layout with high ceilings and floor‑to‑ceiling windows
