Tenant-Occupied Duplex
For Sale
$369,900
703 Helena Street, De Pere, WI 54115
Well-maintained duplex with two tenant-occupied units and a functional layout in West De Pere.
Property Size3,056 SF
Price / SF$121.04
Days on Market159
Property Features for 703 Helena Street
General Information
Standard status
Active
Size
3,056 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
Residential
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,124
Amenities
Hot Water
2
Natural Gas
Full,Finished Contiguous
Poured Concrete
1.5 Story,2 side by side
Brick,Vinyl Siding
Not Applicable
Building Details
Year Built
1968
Buildings
1
Listing Agency:
Open Road Home Real Estate
Listed By:
Brianna L Ayres · License #94-91822
(920) 366-5374
Source:
Compass
Added: Apr 2
Changed: Aug 8
Last Checked: Jul 22 at 2:57AM
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 Open Road Home Real Estate
Investment Insights
Based on property information with market context.
This well-maintained duplex features a functional layout and generous bedroom sizes, with comfortable living spaces in each unit. The property is currently tenant-occupied.
The duplex is located in a West De Pere neighborhood directly across from West De Pere High School, with proximity to schools, parks, and local amenities.
The information provided supports an income-producing configuration with two units and ongoing rental occupancy.
The duplex is located in a West De Pere neighborhood directly across from West De Pere High School, with proximity to schools, parks, and local amenities.
The information provided supports an income-producing configuration with two units and ongoing rental occupancy.
Key Highlights
- Duplex built in 1968 in West De Pere, with two side‑by‑side units
- Tenant‑occupied duplex with two functional living spaces (units currently rented)
- Each unit includes 2 ranges and 2 refrigerators, plus 2 dishwashers
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
$28,953
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
7.83%
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%
$579,060
$579.1K
Cap Rate 7%
$413,614
$413.6K
Cap Rate 9%
$321,700
$321.7K
Market Conditions
NOI Build-Up for 3,056 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
$42.9K $14.04/SF
− Vacancy
−$1.5K −$0.51/SF
EGI
$41.4K $13.53/SF
− OpEx
−$12.4K −$4.06/SF
NOI
$29.0K $9.47/SF
Area
Brown County, WI
Vacancy
3.60%
Lease Rate
$14.04 /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%
$579,060
Cap Rate 7%
$413,614
Cap Rate 9%
$321,700
Alternative Uses
Best Use
Multifamily LT 5
$413.6K
$361.9K – $482.6K
NOI $28,953 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$382.1K
$334.4K – $445.8K
NOI $26,748 @ 7.0% cap · market cap 7.23%
Theoretical Best
Warehouse
$2.56M
$2.24M – $2.98M
NOI $178,879 @ 7.0% cap · market cap 48.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 54115, WI
48,710
Population
20,415
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
96%
High-School Grad
124.0 sq mi
ZIP Area
393
Density / Sq Mi
$92,023
Median Household Income
$46,843
Median Earnings
$1,071
Median Rent
$307,800
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 - Well-maintained duplex with two tenant-occupied units and a functional layout in West De Pere.
Where is this duplex located?
The property is located at 703 Helena Street De Pere, WI.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Duplex built in 1968 in West De Pere, with two side‑by‑side units; Tenant‑occupied duplex with two functional living spaces (units currently rented); Each unit includes 2 ranges and 2 refrigerators, plus 2 dishwashers
