Mixed-Use 4-Unit Investment
603 N RICHMOND Street Appleton, WI 54911
603 N RICHMOND Street, Appleton, WI, 54911
$339,900
For Sale
$339,900
Fully leased four-unit property includes three residential units and one commercial space.
Property Size2,008 SF
Price / SF$169.27
Days on Market78
Property Features for 603 N RICHMOND Street
General Information
- Standard status
- Active
- Size
- 2,008 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1954
Listing agency
Standard Real Estate Services, LLC
(414) 817-4250
Listed by
Christopher M. Michala · License #9039894
Source
C21ace
Added: May 6 Updated: Jul 21 at 9:01PM Checked: Jul 21 at 9:01PM
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 Standard Real Estate Services, LLC
Investment Insights
Based on property information with market context.
This fully leased mixed-use 4-unit investment property consists of three residential units and one commercial space. The offering is positioned for diversified rental income, supported by a stated rental history. Financial information, including the rent roll and lease documents, is available upon request.
The property is described as having high visibility and convenient access to local amenities, supporting consistent demand for both residential and commercial tenants.
As presented, the building is 100% leased and currently generates $3,768 per month, or $45,216 annually.
The property is described as having high visibility and convenient access to local amenities, supporting consistent demand for both residential and commercial tenants.
As presented, the building is 100% leased and currently generates $3,768 per month, or $45,216 annually.
Key Highlights
- Four‑unit mixed‑use investment property (3 residential units and 1 commercial space)
- Fully leased with stated income of $3,768/month ($45,216 annually)
- Built in 1954
Local Financial Insights For Retail
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 | $38.1k | $18.96 |
| − Vacancy | −$990 | −$0.49 |
| EGI | $37.1k | $18.47 |
| − OpEx | −$11.1k | −$5.54 |
| NOI | $26.0k | $12.93 |
2,008 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$370.8K
$324.5K – $432.6K
NOI $25,957 @ 7.0% cap · market cap 7.64%
Second Best
Multifamily LT 5
$218.6K
$191.3K – $255.1K
NOI $15,303 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$553.6K
$484.4K – $645.9K
NOI $38,754 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully leased four-unit property includes three residential units and one commercial space.
Where is this triplex located?
The property is located at 603 N RICHMOND Street Appleton, WI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Four‑unit mixed‑use investment property (3 residential units and 1 commercial space); Fully leased with stated income of $3,768/month ($45,216 annually); Built in 1954
