Duplex with Separate
311 Edna Ave, Neenah, WI 54956
For Sale
New
$215,000
Upper and lower residences have independent electric, heating, and water service, with one unit vacant and the other month-to-month.
Property Size1,722 SF
Price / SF$124.85
Days on Market6
Property Features for 311 Edna Ave
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
Renard Realty
Listed By:
Shane Renard - Principal Broker Owner · License WI #9057962
(920) 606-4436
Source:
Renardrealtygroup
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 6:06AM
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 Renard Realty
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Investment Insights
Based on property information with market context.
This 1,722-square-foot duplex was built in 1904 and is arranged as upper and lower residences. Each unit has separate electric, heat, and water service. The lower residence is vacant, while the upper residence is occupied on a month-to-month basis. The roof was replaced in 2022. The exterior siding is identified as asbestos/asphalt in a city assessment. There is no garage, and the property has space for parking.
Trestle Trail, the YMCA, and Cook Park are each within a few blocks.
Trestle Trail, the YMCA, and Cook Park are each within a few blocks.
Key Highlights
- Upper and lower units with separate electric, heat, and water
- 1,722 square feet; built in 1904
- Roof replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,619
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,380
$232.4K
Cap Rate 7%
$165,986
$166.0K
Cap Rate 9%
$129,100
$129.1K
Market Conditions
NOI Build-Up for 1,722 SF
Gross rent
$17.6K $10.20/SF
− Vacancy
−$966 −$0.56/SF
EGI
$16.6K $9.64/SF
− OpEx
−$5.0K −$2.89/SF
NOI
$11.6K $6.75/SF
Area
Winnebago County, WI
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,380
Cap Rate 7%
$165,986
Cap Rate 9%
$129,100
Alternative Uses
Best Use
Multifamily LT 5
$166.0K
$145.2K – $193.7K
NOI $11,619 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$149.6K
$130.9K – $174.6K
NOI $10,473 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$371.7K
$325.2K – $433.6K
NOI $26,017 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
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Business Placement
Demographics for 54956, WI
46,316
Population
20,104
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
96%
High-School Grad
61.7 sq mi
ZIP Area
751
Density / Sq Mi
$81,386
Median Household Income
$49,445
Median Earnings
$1,005
Median Rent
$238,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Winnebago County, WI
Properties on Market for Duplexes in Winnebago County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Upper and lower residences have independent electric, heating, and water service, with one unit vacant and the other month-to-month.
Where is this duplex located?
The property is located at 311 Edna Ave Neenah, WI.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Upper and lower units with separate electric, heat, and water; 1,722 square feet; built in 1904; Roof replaced in 2022
