Upper/Lower Duplex with Unfinished
603 South Memorial Drive Appleton, WI 54911
603 South Memorial Drive, Appleton, WI, 54911
$199,900
For Sale
$199,900
Upper/lower duplex with 2-bed main floor, 1-bed upper unit, in-unit and main-floor laundry, and tenant parking pad.
Property Size1,749 SF
Price / SF$114.29
Days on Market47
Property Features for 603 South Memorial Drive
General Information
- Standard status
- Active
- Size
- 1,749 SF
- Property subtype
- Multifamily / Duplex (2 Unit)
Building Details
- Year Built
- 1900
Listing agency
Century 21 Ace Realty
(920) 277-8795
Listed by
Ryan D Paul · License #94-89285
(920) 277-8795
Source
Compass
Added: Jun 5 Updated: Jul 21 at 7:52AM Checked: Jul 21 at 7:52AM
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 Century 21 Ace Realty
Investment Insights
Based on property information with market context.
This upper/lower duplex offers two separate residential units with independent living space. The main floor unit features tall ceilings, two large bedrooms, a kitchen with a refrigerator and oven included, and main floor laundry. It also provides access to a full unfinished lower level.
The upstairs unit is a light, airy one-bedroom layout with a large living room, a bedroom and bathroom, and in-unit laundry. Both units benefit from a sizable yard and an expansive parking pad that is available to tenants.
The property is positioned for an investor considering a duplex configuration with an unfinished lower level that can support future customization. For details on the layout and viewing options, schedule a private showing.
The upstairs unit is a light, airy one-bedroom layout with a large living room, a bedroom and bathroom, and in-unit laundry. Both units benefit from a sizable yard and an expansive parking pad that is available to tenants.
The property is positioned for an investor considering a duplex configuration with an unfinished lower level that can support future customization. For details on the layout and viewing options, schedule a private showing.
Key Highlights
- Upper/lower duplex (2‑story, 2 up and down) with two units: 2‑bed main floor unit and 1‑bed upstairs unit
- Both units include in‑unit kitchen appliances: kitchen with fridge and oven included, plus in‑unit laundry
- Main floor offers laundry on the 1st floor, 1st floor full bath, and 1st floor bedroom; full unfinished lower level accessed from the unit
Local 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 | $19.9k | $11.40 |
| − Vacancy | −$897 | −$0.51 |
| EGI | $19.0k | $10.89 |
| − OpEx | −$5.7k | −$3.27 |
| NOI | $13.3k | $7.62 |
1,749 SF · lease $11.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.4K
$166.6K – $222.2K
NOI $13,329 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$178.2K
$156.0K – $207.9K
NOI $12,476 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$482.2K
$422.0K – $562.6K
NOI $33,756 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Upper/lower duplex with 2-bed main floor, 1-bed upper unit, in-unit and main-floor laundry, and tenant parking pad.
Where is this duplex located?
The property is located at 603 South Memorial Drive Appleton, WI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Upper/lower duplex (2‑story, 2 up and down) with two units: 2‑bed main floor unit and 1‑bed upstairs unit; Both units include in‑unit kitchen appliances: kitchen with fridge and oven included, plus in‑unit laundry; Main floor offers laundry on the 1st floor, 1st floor full bath, and 1st floor bedroom; full unfinished lower level accessed from the unit
