Two-Story Duplex with Detached
New
For Sale
$225,000
621 HENRY Street, Neenah, WI 54956
Residential Income, NEENAH, WI
Property Size1,856 SF
Lot Size0.15 Acres
Price / SF$121.23
Days on Market4
Property Features for 621 HENRY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex
Parking
2
Lot features
Corner Lot
Elementary school district
Neenah
Middle school district
Neenah
High school district
Neenah
Directions
S Commercial St to right on Winneconne Ave, to right on Isabella St, to left on Monroe St., property is on the corner of Monroe and Henry
Standard status
Active
APN
80400830000
Size
1,856 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1785
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1870
Number of units
2
Building materials
Vinyl Siding
Buildings
1
Listing Agency:
Keller Williams Fox Cities · Keller Williams Realty
(920) 903-9031
Listed By:
Skylar W. Liebzeit · License #94-89082
(608) 432-6570
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 5:06AM
MLS# 50334981
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story duplex contains 1,856 square feet, with one residence on the main floor and another above. The lower unit has 2 bedrooms and 2 full bathrooms; the upper unit offers 2 bedrooms and 1 full bathroom. Both homes feature in-unit laundry and hardwood flooring. A detached two-car garage provides one stall for each unit.
Built in 1870, the property has vinyl siding, forced-air heating, public water, and public sewer. The 0.15-acre parcel is zoned 2 Family/Duplex.
Built in 1870, the property has vinyl siding, forced-air heating, public water, and public sewer. The 0.15-acre parcel is zoned 2 Family/Duplex.
Key Highlights
- Two‑story duplex with 1,856 square feet
- Main‑floor unit: 2 bedrooms and 2 full bathrooms
- Upper‑level unit: 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,523
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,460
$250.5K
Cap Rate 7%
$178,900
$178.9K
Cap Rate 9%
$139,144
$139.1K
Market Conditions
NOI Build-Up for 1,856 SF
Gross rent
$18.9K $10.20/SF
− Vacancy
−$1.0K −$0.56/SF
EGI
$17.9K $9.64/SF
− OpEx
−$5.4K −$2.89/SF
NOI
$12.5K $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%
$250,460
Cap Rate 7%
$178,900
Cap Rate 9%
$139,144
Alternative Uses
Best Use
Multifamily LT 5
$178.9K
$156.5K – $208.7K
NOI $12,523 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$161.3K
$141.1K – $188.1K
NOI $11,288 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$400.6K
$350.5K – $467.4K
NOI $28,041 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate main-floor and upper-level homes each include in-unit laundry and hardwood floors.
Where is this duplex located?
The property is located at 621 HENRY Street Neenah, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑story duplex with 1,856 square feet; Main‑floor unit: 2 bedrooms and 2 full bathrooms; Upper‑level unit: 2 bedrooms and 1 full bathroom
