Side-by-Side Duplex with
For Sale
$499,900
2941 Popplewood Court, Suamico, WI 54173
Two residential units feature private entrances, full basements, and main-level living.
Property Size2,720 SF
Lot Size1.40 Acres
Price / SF$183.79
Days on Market133
Property Features for 2941 Popplewood Court
General Information
Standard status
Active
Size
2,720 SF
Lot size
1.40 Acres
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,516
Amenities
Forced Air
2
Natural Gas
Full,Partial Fin. Non-contig
Poured Concrete
1 Story,Multi-Level
Vinyl Siding
1st Floor Bedroom,1st Floor Full Bath
Building Details
Year Built
2001
Buildings
1
Listing Agency:
Mills Realty Group
(920) 376-4920
Listed By:
Clayton A Mills · License #90-58834
(920) 376-4920
Source:
Compass
Added: Apr 22
Changed: Aug 31
Last Checked: Aug 30 at 12:26PM
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 Mills Realty Group
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 2,720 square feet, with each unit offering approximately 1,360 square feet, three bedrooms, two full baths, and an open living arrangement. Both residences include private entrances, attached two-car garages, vaulted ceilings, main-floor living, and full basements with walkout access. Built in 2001, the property has forced-air heating, air conditioning, natural gas service, and vinyl siding. Each unit also includes a first-floor bedroom and full bath.
The duplex occupies a 1.4-acre lot at 2941 Popplewood Court in Suamico, Wisconsin. Shared well and sewer serve the property, and large decks extend toward the yard. Zoning is identified as 2 Family/Duplex. One unit is currently rented, while the other is vacant.
The duplex occupies a 1.4-acre lot at 2941 Popplewood Court in Suamico, Wisconsin. Shared well and sewer serve the property, and large decks extend toward the yard. Zoning is identified as 2 Family/Duplex. One unit is currently rented, while the other is vacant.
Key Highlights
- Two‑unit side‑by‑side duplex with 2,720 square feet
- Each unit includes 3 bedrooms, 2 full baths, and approximately 1,360 square feet
- Attached 2‑car garages and private entrances for both units
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
$25,770
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
5.16%
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%
$515,400
$515.4K
Cap Rate 7%
$368,143
$368.1K
Cap Rate 9%
$286,333
$286.3K
Market Conditions
NOI Build-Up for 2,720 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
$38.2K $14.04/SF
− Vacancy
−$1.4K −$0.51/SF
EGI
$36.8K $13.53/SF
− OpEx
−$11.0K −$4.06/SF
NOI
$25.8K $9.47/SF
Area
Brown County, WI
Vacancy
3.60%
Lease Rate
$14.04 /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%
$515,400
Cap Rate 7%
$368,143
Cap Rate 9%
$286,333
Alternative Uses
Best Use
Multifamily LT 5
$368.1K
$322.1K – $429.5K
NOI $25,770 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$340.1K
$297.6K – $396.8K
NOI $23,807 @ 7.0% cap · market cap 4.76%
Theoretical Best
Warehouse
$2.27M
$1.99M – $2.65M
NOI $159,212 @ 7.0% cap · market cap 31.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 54173, WI
4,086
Population
1,468
Households
2.8
Avg Household Size
44
Median Age
33%
College-Educated
94%
High-School Grad
14.2 sq mi
ZIP Area
288
Density / Sq Mi
$105,294
Median Household Income
$54,023
Median Earnings
$1,250
Median Rent
$340,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature private entrances, full basements, and main-level living.
Where is this duplex located?
The property is located at 2941 Popplewood Court Suamico, WI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex with 2,720 square feet; Each unit includes 3 bedrooms, 2 full baths, and approximately 1,360 square feet; Attached 2‑car garages and private entrances for both units
