Updated Side-by-Side
For Sale
$250,000
602 8TH Street, Menasha, WI 54952
Rented two-unit property with refreshed bathrooms, exterior finishes, landscaping, and a 2024 roof.
Property Size1,800 SF
Price / SF$138.89
Days on Market17
Property Features for 602 8TH Street
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,798
Building Details
Building Size
1,800 SF
Year Built
1950
Listing Agency:
LPT Realty-Kelly Davies Homes Team
(920) 791-9047
Listed By:
Kelly L. Davies · License #91-950137
(920) 791-9047
Source:
C21ace
Added: Jul 20
Changed: Aug 4
Last Checked: Aug 4 at 5:21AM
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 LPT Realty-Kelly Davies Homes Team
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 1,800 square feet, with each residence offering 900 square feet, two bedrooms, and one bathroom. Both units are currently rented. Recent improvements include a new roof, exterior painting, landscaping, and updated bathrooms in each unit, all completed in 2024. The 602 unit also received a new water heater during 2024.
Built in 1950, the property is located at 602 8TH Street in Menasha, Wisconsin, with highway access. The two-unit configuration provides separate residences within a single income-producing property, while the documented updates address key exterior and interior components.
Built in 1950, the property is located at 602 8TH Street in Menasha, Wisconsin, with highway access. The two-unit configuration provides separate residences within a single income-producing property, while the documented updates address key exterior and interior components.
Key Highlights
- Side‑by‑side duplex with 1,800 SF total
- Each unit includes 900 SF, 2 bedrooms, and 1 bathroom
- Both units are currently rented
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 | $18.4k | $10.20 |
| − Vacancy | −$1.0k | −$0.56 |
| EGI | $17.4k | $9.64 |
| − OpEx | −$5.2k | −$2.89 |
| NOI | $12.1k | $6.75 |
1,800 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$173.5K
$151.8K – $202.4K
NOI $12,145 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$156.4K
$136.8K – $182.5K
NOI $10,947 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$388.5K
$339.9K – $453.3K
NOI $27,195 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
196
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 - Rented two-unit property with refreshed bathrooms, exterior finishes, landscaping, and a 2024 roof.
Where is this duplex located?
The property is located at 602 8TH Street Menasha, WI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 1,800 SF total; Each unit includes 900 SF, 2 bedrooms, and 1 bathroom; Both units are currently rented
