Building Details

Year Built 1939

Listed By: Tiffany Holtz | Coldwell Banker Show Phone

Source: Tiffanyholtz

Added: Oct 2 Changed: Oct 3 Last Checked: Oct 5 at 6:50PM

Report an Issue

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 Tiffany Holtz | Coldwell Banker

Investment Insights

Based on property information with market context.

This two-unit property has a 1,396-square-foot main-level residence with three bedrooms, 1.5 baths, two living areas, and a kitchen with updated counters. The upper unit provides almost 900 square feet, two bedrooms, and one full bath. Each unit has separate utilities, and appliances are included. Recent improvements include a roof and gutters, two furnaces, two air conditioners, two water heaters, and a newer garage.

Outside, the fenced yard includes raised garden beds and backs up to Washington Park. Shopping and highway access are nearby.

Key Highlights

• Main‑level unit measures 1,396 SF and includes 3 bedrooms, 1.5 baths, and two living areas
• Upper unit offers almost 900 SF, with 2 bedrooms and 1 full bath
• Separate utilities for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,465

Cap Rate

4.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$309,300 $309.3K

Cap Rate 7%

$220,929 $220.9K

Cap Rate 9%

$171,833 $171.8K

Market Conditions

NOI Build-Up for 2,292 SF

Gross rent

$23.4K $10.20/SF

− Vacancy

−$1.3K −$0.56/SF

EGI

$22.1K $9.64/SF

− OpEx

−$6.6K −$2.89/SF

NOI

$15.5K $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 Rate 5%

$309,300

Cap Rate 7%

$220,929

Cap Rate 9%

$171,833

Alternative Uses

Best Use

Multifamily LT 5

$220.9K

$193.3K – $257.8K (±1% cap)

NOI $15,465 @ 7.0% cap · market cap 4.77%

Second Best

Apartment 5plus

$199.1K

$174.3K – $232.3K (±1% cap)

NOI $13,940 @ 7.0% cap · market cap 4.30%

Theoretical Best

Office A

$494.7K

$432.9K – $577.2K (±1% cap)

NOI $34,629 @ 7.0% cap · market cap 10.67%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Bakery Home Appliance Store (Bike/Boat/Book/etc) Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

655

Businesses Nearby

Explore this area Business Placement

Demographics for 54956, WI

46,316

Population

20,104

Households

2.3

Avg Household Size

40

Median Age

38%

College-Educated

96%

High-School Grad

61.7 sq mi

ZIP Area

751

Density / Sq Mi

$81,386

Median Household Income

$49,445

Median Earnings

$1,005

Median Rent

$238,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Waterfront Ranch Duplex

604 Knight Ave, Neenah, WI 54956

$264,900

1,684 SF

View details

Highway 76 Development Opportunity

7577 Blacktop Way Unit 29, Neenah, WI 54956

$259,900

2,560 SF

View details

Car Wash Corner Lot

203 Nicolet Boulevard, Neenah, WI 54956

$249,900

3,796 SF

View details

Apartment Building with Barn Improvements

9651 Clayton Ave, Neenah, WI 54956

$564,900

4,532 SF

View details

Former Bank Building For Sale

2415 Augustine Rd, Neenah, WI

Contact for pricing

1,998 SF

View details

Self-Storage Facility with Outdoor Parking

2285 Northern Rd, Neenah, WI 54956

$699,000

7,200 SF

View details

Remodeled Office Building For Sale

1416 S Commercial St, Neenah, WI 54956

$595,000

8,420 SF

View details

Established Auto Service Repair Facility

1108 Main St, Neenah, WI 54956

Contact for pricing

1,204 SF

View details

Flex Space with Auto Service Bays

1565 Deerwood Dr, Neenah, WI 54956

$1,100,000

11,904 SF

View details

Furnished 28-Unit Apartment Building

1348 W AMERICAN Drive, Neenah, WI 54952

$3,999,000

12,966 SF

View details

Furnished Bi-Level Office Building

630 South Green Bay Road, Neenah, WI 54956

Contact for pricing

6,664 SF

View details

C1 Live-Work Property

1224 S COMMERCIAL Street, Neenah, WI 54956

$275,000

0.21 Acres

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two distinct living spaces offer a flexible layout, with appliances included in both units.

Where is this duplex located?

The property is located at 608 Monroe St Neenah, WI.

What is the asking price?

The asking price for this property is $324,500.

What are key features of this property?

This property features: Main‑level unit measures 1,396 SF and includes 3 bedrooms, 1.5 baths, and two living areas; Upper unit offers almost 900 SF, with 2 bedrooms and 1 full bath; Separate utilities for each unit