Duplex with Two-Bedroom
New
For Sale
$179,900
640 OAK Street, Neenah, WI 54956
Fenced outdoor space complements the garage and a separate storage shed.
Property Size1,568 SF
Price / SF$114.73
Days on Market7
Property Features for 640 OAK Street
General Information
Standard status
Active
Size
1,568 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,726
Amenities
fenced yard
storage shed
Building Details
Building Size
1,568 SF
Year Built
1862
Listing Agency:
Rooted Realty
Listed By:
Hayley M. Gracyalny · License #91-905424
(920) 619-7439
Source:
C21ace
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 26 at 10:56PM
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 Rooted Realty
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Investment Insights
Based on property information with market context.
This duplex contains two-bedroom units and includes a fenced yard, a two-car garage, and a separate storage shed. Some windows have been replaced, and the exterior has received fresh paint. The 1,568-square-foot property was built in 1862.
Schools and shops are nearby, along with other local activities.
Schools and shops are nearby, along with other local activities.
Key Highlights
- Two‑bedroom units
- 1,568 square feet; built in 1862
- Two‑car garage and separate storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,580
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,600
$211.6K
Cap Rate 7%
$151,143
$151.1K
Cap Rate 9%
$117,556
$117.6K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$16.0K $10.20/SF
− Vacancy
−$880 −$0.56/SF
EGI
$15.1K $9.64/SF
− OpEx
−$4.5K −$2.89/SF
NOI
$10.6K $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%
$211,600
Cap Rate 7%
$151,143
Cap Rate 9%
$117,556
Alternative Uses
Best Use
Multifamily LT 5
$151.1K
$132.3K – $176.3K
NOI $10,580 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$136.2K
$119.2K – $158.9K
NOI $9,536 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$338.4K
$296.1K – $394.8K
NOI $23,690 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
431
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Fenced outdoor space complements the garage and a separate storage shed.
Where is this duplex located?
The property is located at 640 OAK Street Neenah, WI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two‑bedroom units; 1,568 square feet; built in 1862; Two‑car garage and separate storage shed
