Updated Duplex with
For Sale
$450,000
701 East Longview Drive, Appleton, WI 54911
Two-story income property with separate patios, fenced outdoor areas, and dedicated garage parking for each residence.
Property Size2,806 SF
Price / SF$160.37
Days on Market311
Property Features for 701 East Longview Drive
General Information
Standard status
Active
Size
2,806 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Taxes and HOA fees
Annual Taxes
$3,723
Amenities
Forced Air
1
2
Natural Gas
Full,Partial Fin. Contiguous,Sump Pump
For Building
Poured Concrete
2 side by side,2 Story
Brick
Not Applicable
Building Details
Year Built
1967
Buildings
1
Listing Agency:
Beckman Properties
Listed By:
Tyler J Beckman · License #94-76181
(920) 428-9672
Source:
Compass
Added: Oct 28, 2025
Changed: Aug 31
Last Checked: Aug 30 at 10:31AM
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 Beckman Properties
Investment Insights
Based on property information with market context.
This two-story duplex contains two three-bedroom, one-and-a-half-bath residences, each with in-unit laundry, a one-car garage, and additional driveway parking. The property provides 2,806 square feet of living area and was built in 1967. Separate patio areas and a privacy fence divide the outdoor spaces between the units.
Unit 703 received extensive updates in 2024, including new flooring throughout, granite countertops, backsplash, kitchen appliances, lighting, and trim. The building has poured concrete construction, forced-air heating, and natural gas service. Zoned 2 Family/Duplex, the property is positioned in North Appleton and may accommodate an owner-occupant or rental ownership strategy.
Unit 703 received extensive updates in 2024, including new flooring throughout, granite countertops, backsplash, kitchen appliances, lighting, and trim. The building has poured concrete construction, forced-air heating, and natural gas service. Zoned 2 Family/Duplex, the property is positioned in North Appleton and may accommodate an owner-occupant or rental ownership strategy.
Key Highlights
- Two 3‑bedroom, 1.5‑bath residences within a 2,806‑square‑foot duplex
- Each unit includes a 1‑car garage plus additional driveway parking
- Unit 703 received extensive updates in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,384
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$427,680
$427.7K
Cap Rate 7%
$305,486
$305.5K
Cap Rate 9%
$237,600
$237.6K
Market Conditions
NOI Build-Up for 2,806 SF
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.
Gross rent
$32.0K $11.40/SF
− Vacancy
−$1.4K −$0.51/SF
EGI
$30.5K $10.89/SF
− OpEx
−$9.2K −$3.27/SF
NOI
$21.4K $7.62/SF
Area
Outagamie County, WI
Vacancy
4.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$427,680
Cap Rate 7%
$305,486
Cap Rate 9%
$237,600
Alternative Uses
Best Use
Multifamily LT 5
$305.5K
$267.3K – $356.4K
NOI $21,384 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$285.9K
$250.2K – $333.6K
NOI $20,016 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$773.7K
$677.0K – $902.6K
NOI $54,156 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Explore this area
Business Placement
Demographics for 54911, WI
26,964
Population
11,171
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
8.4 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,747
Median Household Income
$38,591
Median Earnings
$1,010
Median Rent
$199,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story income property with separate patios, fenced outdoor areas, and dedicated garage parking for each residence.
Where is this duplex located?
The property is located at 701 East Longview Drive Appleton, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1.5‑bath residences within a 2,806‑square‑foot duplex; Each unit includes a 1‑car garage plus additional driveway parking; Unit 703 received extensive updates in 2024
