Waterfront Ranch
604 Knight Ave Neenah, WI 54956
New
604 Knight Ave, Neenah, WI, 54956
$264,900
For Sale
$264,900
Fully rented 2-unit ranch duplex with 60 feet on the Neenah Slough and two-bedroom, one-bath units.
Property Size1,684 SF
Price / SF$157.30
Days on Market2
Property Features for 604 Knight Ave
General Information
- Standard status
- Active
- Size
- 1,684 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1962
Listing agency
Ruesch Realty
(920) 360-1252
Listed by
Kevin J. Gracyalny · License #94114779
Source
Smartteamhomes
Added: Jul 21 Updated: Jul 22 at 2:29PM Checked: Jul 22 at 2:29PM
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 Ruesch Realty
Investment Insights
Based on property information with market context.
This fully rented waterfront ranch duplex offers two separate units, each with 2 bedrooms and 1 bathroom. The property includes 60 feet of frontage on the Neenah Slough and is currently producing rental income, with both units rented at $995 per month. Leases are in place through August 31, 2026.
The waterfront setting supports outdoor recreation such as fishing and kayaking on the waterway. For showings, 24-hour notice is required.
For purchasers interested in an owner-occupy option, the layout provides the flexibility to live in one unit while maintaining rental income from the other. The seller also has three other duplexes available for sale individually or as a package.
The waterfront setting supports outdoor recreation such as fishing and kayaking on the waterway. For showings, 24-hour notice is required.
For purchasers interested in an owner-occupy option, the layout provides the flexibility to live in one unit while maintaining rental income from the other. The seller also has three other duplexes available for sale individually or as a package.
Key Highlights
- Fully rented 2‑unit ranch duplex with 60 feet on the Neenah Slough
- Both units have 2 bedrooms and 1 bathroom
- Current rent is $995 per month per 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 | $17.2k | $10.20 |
| − Vacancy | −$945 | −$0.56 |
| EGI | $16.2k | $9.64 |
| − OpEx | −$4.9k | −$2.89 |
| NOI | $11.4k | $6.75 |
1,684 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$162.3K
$142.0K – $189.4K
NOI $11,362 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$146.3K
$128.0K – $170.7K
NOI $10,242 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$363.5K
$318.0K – $424.1K
NOI $25,443 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully rented 2-unit ranch duplex with 60 feet on the Neenah Slough and two-bedroom, one-bath units.
Where is this duplex located?
The property is located at 604 Knight Ave Neenah, WI.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Fully rented 2‑unit ranch duplex with 60 feet on the Neenah Slough; Both units have 2 bedrooms and 1 bathroom; Current rent is $995 per month per unit
