3-Unit Income
318 W BREWSTER Street Appleton, WI 54911
318 W BREWSTER Street, Appleton, WI, 54911
$385,000
For Sale
$385,000
Turnkey three-unit rental combines a U/L duplex and a detached SFH on one parcel.
Property Size2,262 SF
Price / SF$170.20
Days on Market16
Property Features for 318 W BREWSTER Street
General Information
- Standard status
- Active
- Size
- 2,262 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1902
Listing agency
EXP Realty LLC
(920) 470-7451
Listed by
Roxanne S. Schwandt-Knutson
Source
C21ace
Added: Jul 6 Updated: Jul 20 at 3:11AM Checked: Jul 21 at 6:19AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This turnkey for-sale offering consists of a 3-unit rental property configured as a unit/lease duplex plus a detached single-family home, all on one parcel. The duplex units are on month-to-month leases, while the detached SFH is leased through 5-1-2027. The property is described as fully rented and includes an SFH with oil heat, while the duplex is heated with natural gas. Built in 1902, the buildings are connected to municipal water and sewer, with electric utility also noted.
The owner states annual property taxes are under $3,000, and the listing requests that buyers verify siding. Showings require 48 hours’ notice.
The U/L duplex is reported to provide approximately 754 sq. ft. per unit, supporting the overall income structure described in the listing.
The owner states annual property taxes are under $3,000, and the listing requests that buyers verify siding. Showings require 48 hours’ notice.
The U/L duplex is reported to provide approximately 754 sq. ft. per unit, supporting the overall income structure described in the listing.
Key Highlights
- 3‑unit rental on one parcel: U/L duplex plus a detached SFH
- Built in 1902; all units listed at approximately 754 SF each
- Duplex uses natural gas heat; SFH uses oil heat
Local 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 | $25.8k | $11.40 |
| − Vacancy | −$1.2k | −$0.51 |
| EGI | $24.6k | $10.89 |
| − OpEx | −$7.4k | −$3.27 |
| NOI | $17.2k | $7.62 |
2,262 SF · lease $11.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$246.3K
$215.5K – $287.3K
NOI $17,238 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$230.5K
$201.7K – $268.9K
NOI $16,135 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$623.7K
$545.7K – $727.6K
NOI $43,657 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kaleidoscope Academy
High School
The Spark
Nightclub
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turnkey three-unit rental combines a U/L duplex and a detached SFH on one parcel.
Where is this triplex located?
The property is located at 318 W BREWSTER Street Appleton, WI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 3‑unit rental on one parcel: U/L duplex plus a detached SFH; Built in 1902; all units listed at approximately 754 SF each; Duplex uses natural gas heat; SFH uses oil heat
