1890s Two-Unit
For Sale
$214,900
Pending
60-62 Tayco Street, Menasha, WI 54952
Classic 2-unit duplex with a vacant 2-bedroom upstairs unit, updated electric panels, and a newer boiler.
Property Size2,444 SF
Days on Market131
Property Features for 60-62 Tayco Street
General Information
Standard status
Pending
Size
2,444 SF
Property subtype
Multi Family / 2 story
Zoning
Res
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,440
Amenities
Full, Block foundation, Other foundation, Dual entry, Lower basement laundry, Stone, Storage area, Unfinished
Natural Gas
Radiant
Tenants' Personal Property
All Appliances, 2 Refrigerators, 2 Washers, 2 Dryers, 1 Dishwasher, Clawfoot tub in basement.
2
1
Vinyl
Building Details
Year Built
1894
Units
2
Tenancy
Multi
Listing Agency:
Collective Real Estate Group
Listed By:
Matt Jenson · License #58810-90
(608) 662-7777
Source:
Compass
Added: Apr 30
Changed: Aug 8
Last Checked: Jul 31 at 12:59PM
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 Collective Real Estate Group
Investment Insights
Based on property information with market context.
This classic 1894 two-unit duplex includes two spacious 2-bedroom, 1-bath residences. The upstairs unit is currently vacant and ready for immediate occupancy or rental. Mechanical updates include two updated electric panels and a newer boiler installed in 2016. The property also offers a partially fenced yard, a 2-car garage, and ample driveway parking.
Located close to downtown Menasha, the property provides easy access to Highway 41, along with nearby shopping, dining, and the Fox River area.
The duplex configuration presents an owner-occupant option alongside a rental unit, with one unit available to move into or lease now.
Located close to downtown Menasha, the property provides easy access to Highway 41, along with nearby shopping, dining, and the Fox River area.
The duplex configuration presents an owner-occupant option alongside a rental unit, with one unit available to move into or lease now.
Key Highlights
- Classic 1894 duplex with 2 units, each offering 2 bedrooms and 1 bath
- Upstairs 2‑bedroom unit is currently vacant and ready for immediate occupancy or rental
- Mechanical updates include two updated electric panels and a newer boiler installed in 2016
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
$16,490
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
7.67%
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%
$329,800
$329.8K
Cap Rate 7%
$235,571
$235.6K
Cap Rate 9%
$183,222
$183.2K
Market Conditions
NOI Build-Up for 2,444 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
$24.9K $10.20/SF
− Vacancy
−$1.4K −$0.56/SF
EGI
$23.6K $9.64/SF
− OpEx
−$7.1K −$2.89/SF
NOI
$16.5K $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 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%
$329,800
Cap Rate 7%
$235,571
Cap Rate 9%
$183,222
Alternative Uses
Best Use
Multifamily LT 5
$235.6K
$206.1K – $274.8K
NOI $16,490 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$212.3K
$185.8K – $247.7K
NOI $14,864 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$527.5K
$461.6K – $615.4K
NOI $36,925 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
417
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
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 - Classic 2-unit duplex with a vacant 2-bedroom upstairs unit, updated electric panels, and a newer boiler.
Where is this duplex located?
The property is located at 60-62 Tayco Street Menasha, WI.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Classic 1894 duplex with 2 units, each offering 2 bedrooms and 1 bath; Upstairs 2‑bedroom unit is currently vacant and ready for immediate occupancy or rental; Mechanical updates include two updated electric panels and a newer boiler installed in 2016
