Refreshed Duplex with Two-Car
524 3RD Street, Menasha, WI 54952
For Sale
$269,900
Residential Income, MENASHA, WI
Property Size2,119 SF
Lot Size0.27 Acres
Price / SF$127.37
Days on Market145
Property Features for 524 3RD Street
General Information
Property type
Property subtype
Zoning
Parking
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
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Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Expert Real Estate Partners, LLC
(920) 903-1600
Listed By:
Megan E. Lone · License WI #9069251
(920) 225-9627
Added: Jun 19
Changed: Nov 8
Last Checked: Nov 10 at 11:06AM
MLS# 50327777
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.
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Investment Insights
Based on property information with market context.
This 2,119-square-foot duplex contains two side-by-side residences within a two-story configuration. The front unit includes two bedrooms, one and a half baths, and laundry in the full bath. The rear unit offers two bedrooms, one full bath, and laundry near the kitchen. Both units have received updates, and each is assigned a two-car garage. A dual-zone furnace system is being installed.
Built in 1910, the property has vinyl siding, forced-air heating, public water, and public sewer. It is zoned 2 Family/Duplex, Resident. The front residence is occupied, and showings require 24 hours' notice. Bus lines, everyday conveniences, and highway access are located nearby.
Built in 1910, the property has vinyl siding, forced-air heating, public water, and public sewer. It is zoned 2 Family/Duplex, Resident. The front residence is occupied, and showings require 24 hours' notice. Bus lines, everyday conveniences, and highway access are located nearby.
Key Highlights
- 2,119 square feet with two side‑by‑side residential units
- Each unit includes a two‑car garage
- Front unit has 2 bedrooms and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,298
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,960
$286.0K
Cap Rate 7%
$204,257
$204.3K
Cap Rate 9%
$158,867
$158.9K
Market Conditions
NOI Build-Up for 2,119 SF
Gross rent
$21.6K $10.20/SF
− Vacancy
−$1.2K −$0.56/SF
EGI
$20.4K $9.64/SF
− OpEx
−$6.1K −$2.89/SF
NOI
$14.3K $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%
$285,960
Cap Rate 7%
$204,257
Cap Rate 9%
$158,867
Alternative Uses
Best Use
Multifamily LT 5
$204.3K
$178.7K – $238.3K
NOI $14,298 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$184.1K
$161.1K – $214.8K
NOI $12,888 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$457.4K
$400.2K – $533.6K
NOI $32,015 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 54952, WI
27,216
Population
12,412
Households
2.2
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
28.1 sq mi
ZIP Area
969
Density / Sq Mi
$67,280
Median Household Income
$44,765
Median Earnings
$906
Median Rent
$190,000
Median Home Value
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Market
Average Price Trend$/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 - Side-by-side residences provide separate layouts, laundry areas, and dedicated garage parking for each unit.
Where is this duplex located?
The property is located at 524 3RD Street Menasha, WI.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 2,119 square feet with two side‑by‑side residential units; Each unit includes a two‑car garage; Front unit has 2 bedrooms and 1.5 baths
