Two-Unit Side-by-Side
524 3RD Street Menasha, WI 54952
For Sale
$269,900
Two side-by-side two-story units with two-car garages, each updated with in-unit laundry connections and dual-zone furnace installation.
Property Size2,119 SF
Price / SF$127.37
Days on Market41
Property Features for 524 3RD Street
General Information
Standard status
Active
Size
2,119 SF
Property subtype
Duplex
Building Details
Year Built
1910
Listing Agency:
Expert Real Estate Partners, LLC
(920) 225-9627
Listed By:
Megan E. Lone · License #9069251
Source:
C21ace
Added: Jun 19
Changed: Jul 28
Last Checked: Jul 29 at 10:57AM
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 Expert Real Estate Partners, LLC
Investment Insights
Based on property information with market context.
This side-by-side two-unit duplex features two-story layouts and attached two-car garages for each unit. The front unit offers two bedrooms and one and a half baths, with laundry service in the full bath. The back unit includes two bedrooms, one full bath, and laundry service off the kitchen.
Each unit has been refreshed with many updates. A dual zone system is being installed for the furnace. The front unit is currently occupied, and 24-hour notice is required for showings.
Located near bus lines and conveniences, the property is also minutes from highway access. The setup supports both tenant-occupied income and owner occupancy options, with separate garages provided for each unit.
Each unit has been refreshed with many updates. A dual zone system is being installed for the furnace. The front unit is currently occupied, and 24-hour notice is required for showings.
Located near bus lines and conveniences, the property is also minutes from highway access. The setup supports both tenant-occupied income and owner occupancy options, with separate garages provided for each unit.
Key Highlights
- Two side‑by‑side two‑story units (duplex), built in 1910
- Front unit: 2 bedrooms, 1.5 baths; laundry service located in the full bath
- Back unit: 2 bedrooms, 1 full bath; laundry service off the kitchen
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 | $21.6k | $10.20 |
| − Vacancy | −$1.2k | −$0.56 |
| EGI | $20.4k | $9.64 |
| − OpEx | −$6.1k | −$2.89 |
| NOI | $14.3k | $6.75 |
2,119 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side two-story units with two-car garages, each updated with in-unit laundry connections and dual-zone furnace installation.
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: Two side‑by‑side two‑story units (duplex), built in 1910; Front unit: 2 bedrooms, 1.5 baths; laundry service located in the full bath; Back unit: 2 bedrooms, 1 full bath; laundry service off the kitchen
