Two-Story Duplex with
For Sale
$425,000
3719 N BLUERIDGE Drive, Appleton, WI 54914
Both residences include private outdoor space, basement access, and attached parking for everyday convenience.
Property Size2,088 SF
Price / SF$203.54
Days on Market17
Property Features for 3719 N BLUERIDGE Drive
General Information
Standard status
Active
Size
2,088 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,295
Amenities
yard
deck
basement
Building Details
Building Size
2,088 SF
Year Built
1988
Buildings
1
Stories
2
Listing Agency:
Home Base Realty, LLC
(920) 257-8624
Listed By:
Bryan J. Jacques · License #91-905544
(920) 257-8624
Source:
C21ace
Added: Aug 13
Changed: Aug 24
Last Checked: Aug 29 at 3:00PM
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 Home Base Realty, LLC
Investment Insights
Based on property information with market context.
This two-story duplex contains two matching residences, each with 2 bedrooms and 1.5 bathrooms. Both units include basement access for storage or future use, along with layouts that bring natural light into the living areas. The property has been maintained as a cohesive package.
Each side includes its own deck and access to a large yard, creating outdoor space for gardening, recreation, or gatherings. An attached 2-car garage serves each residence, providing enclosed parking and additional storage. The combination of two-bedroom layouts, private exterior areas, basement access, and dedicated garage space supports both owner-occupant and investment-oriented use.
Each side includes its own deck and access to a large yard, creating outdoor space for gardening, recreation, or gatherings. An attached 2-car garage serves each residence, providing enclosed parking and additional storage. The combination of two-bedroom layouts, private exterior areas, basement access, and dedicated garage space supports both owner-occupant and investment-oriented use.
Key Highlights
- Two‑story duplex with 2 bedrooms and 1.5 bathrooms per unit
- Attached 2‑car garage for each side
- Basement access in both residences
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
$15,912
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
3.74%
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%
$318,240
$318.2K
Cap Rate 7%
$227,314
$227.3K
Cap Rate 9%
$176,800
$176.8K
Market Conditions
NOI Build-Up for 2,088 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
$23.8K $11.40/SF
− Vacancy
−$1.1K −$0.51/SF
EGI
$22.7K $10.89/SF
− OpEx
−$6.8K −$3.27/SF
NOI
$15.9K $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%
$318,240
Cap Rate 7%
$227,314
Cap Rate 9%
$176,800
Alternative Uses
Best Use
Multifamily LT 5
$227.3K
$198.9K – $265.2K
NOI $15,912 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$212.8K
$186.2K – $248.2K
NOI $14,894 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$575.7K
$503.7K – $671.6K
NOI $40,298 @ 7.0% cap · market cap 9.48%
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
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 54914, WI
31,082
Population
14,002
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
19.2 sq mi
ZIP Area
1,619
Density / Sq Mi
$77,199
Median Household Income
$42,481
Median Earnings
$936
Median Rent
$210,200
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 - Both residences include private outdoor space, basement access, and attached parking for everyday convenience.
Where is this duplex located?
The property is located at 3719 N BLUERIDGE Drive Appleton, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑story duplex with 2 bedrooms and 1.5 bathrooms per unit; Attached 2‑car garage for each side; Basement access in both residences
