Side-by-Side Duplex with Detached
For Sale
$259,500
2506 East Newberry Street, Appleton, WI 54915
Well-maintained side-by-side duplex with two 2-bedroom, 1-bath units and newer flooring, windows, and garage updates.
Property Size1,615 SF
Price / SF$160.68
Days on Market229
Property Features for 2506 East Newberry Street
General Information
Standard status
Active
Size
1,615 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
Residential
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,911
Amenities
Forced Air
2
Natural Gas
Full
Poured Concrete
1 Story,2 side by side
Aluminum Siding
1st Floor Bedroom,1st Floor Full Bath
Building Details
Year Built
1968
Buildings
1
Tenancy
Multi
Listing Agency:
Creative Results Corporation
(920) 450-9256
Listed By:
Koua Thao · License #94-86538
(920) 450-9256
Source:
Compass
Added: Jan 5
Changed: Aug 8
Last Checked: Jul 23 at 12:59AM
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 Creative Results Corporation
Investment Insights
Based on property information with market context.
This well-maintained side-by-side duplex features two separate units, each offering 2 bedrooms and 1 bathroom. Interior updates include 1-year-old vinyl plank and carpet flooring throughout, along with newer windows. The property also includes an updated garage door with opener and a detached shared garage.
Tenants are responsible for all utilities. The current renters are month-to-month, offering flexibility for an investor or an owner-occupant.
Each unit is configured for independent day-to-day living, making the property suitable for rental income or living in one unit while renting the other.
Tenants are responsible for all utilities. The current renters are month-to-month, offering flexibility for an investor or an owner-occupant.
Each unit is configured for independent day-to-day living, making the property suitable for rental income or living in one unit while renting the other.
Key Highlights
- Well‑maintained side‑by‑side duplex built in 1968 with two 2‑bedroom, 1‑bath units
- Forced‑air heating using natural gas; each unit has 2 furnaces and 2 water heaters
- 1st floor accessibility features include a bedroom and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,308
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$246,160
$246.2K
Cap Rate 7%
$175,829
$175.8K
Cap Rate 9%
$136,756
$136.8K
Market Conditions
NOI Build-Up for 1,615 SF
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.
Gross rent
$18.4K $11.40/SF
− Vacancy
−$828 −$0.51/SF
EGI
$17.6K $10.89/SF
− OpEx
−$5.3K −$3.27/SF
NOI
$12.3K $7.62/SF
Area
Outagamie County, WI
Vacancy
4.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$246,160
Cap Rate 7%
$175,829
Cap Rate 9%
$136,756
Alternative Uses
Best Use
Multifamily LT 5
$175.8K
$153.9K – $205.1K
NOI $12,308 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$164.6K
$144.0K – $192.0K
NOI $11,520 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$445.3K
$389.6K – $519.5K
NOI $31,170 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 54915, WI
43,190
Population
18,373
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,879
Density / Sq Mi
$83,814
Median Household Income
$49,554
Median Earnings
$974
Median Rent
$247,900
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 - Well-maintained side-by-side duplex with two 2-bedroom, 1-bath units and newer flooring, windows, and garage updates.
Where is this duplex located?
The property is located at 2506 East Newberry Street Appleton, WI.
What is the asking price?
The asking price for this property is $259,500.
What are key features of this property?
This property features: Well‑maintained side‑by‑side duplex built in 1968 with two 2‑bedroom, 1‑bath units; Forced‑air heating using natural gas; each unit has 2 furnaces and 2 water heaters; 1st floor accessibility features include a bedroom and a full bath
