Four-Unit Property with Detached
For Sale
$314,900
317 N WASHINGTON Street, Waupaca, WI 54981
Fully occupied quadplex with flexible month-to-month tenancy and a detached garage.
Property Size3,695 SF
Price / SF$85.22
Days on Market15
Property Features for 317 N WASHINGTON Street
General Information
Standard status
Active
Size
3,695 SF
Total Parking Spaces
2
Property subtype
Multi Family
Occupancy
100%
Building Details
Building Size
3,695 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
Shambeau & Grenlie Real Estate, LLC
(715) 258-9900
Listed By:
Jean M. Grenlie · License #91-936610
(715) 258-9900
Source:
C21ace
Added: Jul 20
Changed: Jul 31
Last Checked: Aug 3 at 11:16AM
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 Shambeau & Grenlie Real Estate, LLC
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,695 square feet and was built in 1900. The unit mix includes one one-bedroom, one-bath unit and three two-bedroom, one-bath units. All units are occupied by month-to-month tenants, providing current rental income with future flexibility. A detached two-car garage is also included.
Located at 317 N Washington Street in Waupaca, the property is minutes from downtown and offers access to shopping, restaurants, parks, and local amenities. The four-unit configuration, established occupancy, and month-to-month leasing structure provide a straightforward multifamily format for continued rental operations.
Located at 317 N Washington Street in Waupaca, the property is minutes from downtown and offers access to shopping, restaurants, parks, and local amenities. The four-unit configuration, established occupancy, and month-to-month leasing structure provide a straightforward multifamily format for continued rental operations.
Key Highlights
- Four‑unit property with 3,695 square feet
- Unit mix includes one 1‑bedroom, 1‑bath unit and three 2‑bedroom, 1‑bath units
- All units occupied by month‑to‑month tenants
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 | $37.7k | $10.20 |
| − Vacancy | −$2.4k | −$0.66 |
| EGI | $35.2k | $9.54 |
| − OpEx | −$10.6k | −$2.86 |
| NOI | $24.7k | $6.68 |
3,695 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.4K
$308.3K – $411.1K
NOI $24,667 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$329.2K
$288.1K – $384.1K
NOI $23,046 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$692.1K
$605.6K – $807.5K
NOI $48,448 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 54981, WI
14,998
Population
8,253
Households
1.8
Avg Household Size
47
Median Age
28%
College-Educated
94%
High-School Grad
131.6 sq mi
ZIP Area
114
Density / Sq Mi
$76,821
Median Household Income
$45,326
Median Earnings
$800
Median Rent
$204,100
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?
Quadplex - Fully occupied quadplex with flexible month-to-month tenancy and a detached garage.
Where is this quadplex located?
The property is located at 317 N WASHINGTON Street Waupaca, WI.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Four‑unit property with 3,695 square feet; Unit mix includes one 1‑bedroom, 1‑bath unit and three 2‑bedroom, 1‑bath units; All units occupied by month‑to‑month tenants
