408 E PINE Street, New London, WI 54961
MULTI_FAMILY - NEW LONDON, WI
- Added:
- Jun 22, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 26 at 3:06 pm
Property Features for 408 E PINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 2 Family/Duplex
- Standard status
- Active
- APN
- 33-3-0051-00
- Size
- 1,608 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BANNISTER BOWEN SMITH E60FT OF W180FT OF N120FT BLK 113
- Tax Annual Amount
- 1931
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1960
- Number of units
- 2
- Building materials
- Vinyl Siding
Listing agent Tiffany L. Holtz License #9052424 (920) 415-0472
Listing office Coldwell Banker Real Estate Group 2830 E John St, Appleton, WI (920) 993-7007
Listing date Jun 22, 2026
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Side‑by‑side duplex built in 1960 with 2 bedrooms and 1 full bath in each unit
- Each unit includes an eat‑in kitchen, spacious living room, full basement, and private storage shed
- New furnaces installed in both units in 2025; natural gas forced‑air heating
- Tenants pay utilities with separate gas, electric, and water meters for each unit; public water and public sewer
- Vinyl siding exterior and off‑street parking
- New privacy fencing added for each side; both tenant leases expire this year
Overview
The duplex is located in New London, WI and is served by municipal water and sewer. Tenants are responsible for their own utilities through separate gas, electric, and water meters, which can simplify expense management for an owner. The property also provides off-street parking.
For buyers seeking a multi-family setup, this configuration supports a range of ownership goals, including holding the duplex as a rental property or potentially owner-occupying one side with flexibility provided by the tenant leases expiring this year. With separate metering and two self-contained units, the property is well suited for operators looking to manage utilities independently while maintaining a clear, repeatable layout across both residences.
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 | $16.4k | $10.20 |
| − Vacancy | −$1.1k | −$0.66 |
| EGI | $15.3k | $9.54 |
| − OpEx | −$4.6k | −$2.86 |
| NOI | $10.7k | $6.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New London
- County
- Waupaca
- State
- Wisconsin
- Longitude
- -88.734305
- Latitude
- 44.384804
