Custom-Built Duplex With Finished Lower
For Sale
$849,900
2206 BLUE STEM Lane, De Pere, WI 54115
Two separately parceled homes support owner-occupancy, rental, or individual-sale options.
Property Size4,056 SF
Price / SF$209.54
Days on Market8
Property Features for 2206 BLUE STEM Lane
General Information
Standard status
Active
Size
4,056 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,764
Building Details
Building Size
4,056 SF
Year Built
2017
Listing Agency:
Shorewest, Realtors
(920) 621-7041
Listed By:
Rick P. Turriff · License #91-936003
(920) 621-7041
Source:
C21ace
Added: Jul 30
Changed: Aug 4
Last Checked: Aug 5 at 4:50AM
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 Shorewest, Realtors
Investment Insights
Based on property information with market context.
Built in 2017, this 4,056-square-foot duplex consists of two custom-built homes with separate parcel numbers and tax IDs. The property is zoned as zero lot line, supporting separate ownership treatment for each residence. Interior finishes include granite countertops, hardwood flooring, and maple cabinetry and trim.
The 2208 side adds a finished lower level with a large family room, fireplace, bar area, bedroom, and full bath. Its main living room also features a fireplace, while a south-facing sunroom provides another fireplace-equipped living area. The 2206 side has an unfinished lower level with an egress window, providing additional basement space. The configuration supports owner-occupancy, rental use, or the potential sale of the homes individually.
The 2208 side adds a finished lower level with a large family room, fireplace, bar area, bedroom, and full bath. Its main living room also features a fireplace, while a south-facing sunroom provides another fireplace-equipped living area. The 2206 side has an unfinished lower level with an egress window, providing additional basement space. The configuration supports owner-occupancy, rental use, or the potential sale of the homes individually.
Key Highlights
- 4,056 SF duplex built in 2017
- Separate parcel #'s and tax ID's for each home
- Zero lot line zoning
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 | $56.9k | $14.04 |
| − Vacancy | −$2.1k | −$0.51 |
| EGI | $54.9k | $13.53 |
| − OpEx | −$16.5k | −$4.06 |
| NOI | $38.4k | $9.47 |
4,056 SF · lease $14.04/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$549.0K
$480.3K – $640.5K
NOI $38,427 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$507.2K
$443.8K – $591.7K
NOI $35,501 @ 7.0% cap · market cap 4.18%
Theoretical Best
Warehouse
$3.39M
$2.97M – $3.96M
NOI $237,413 @ 7.0% cap · market cap 27.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 54115, WI
48,710
Population
20,415
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
96%
High-School Grad
124.0 sq mi
ZIP Area
393
Density / Sq Mi
$92,023
Median Household Income
$46,843
Median Earnings
$1,071
Median Rent
$307,800
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 - Two separately parceled homes support owner-occupancy, rental, or individual-sale options.
Where is this duplex located?
The property is located at 2206 BLUE STEM Lane De Pere, WI.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 4,056 SF duplex built in 2017; Separate parcel #'s and tax ID's for each home; Zero lot line zoning
