Building Details

Year Built 1980

Buildings 1

Construction ranch style

Listed By: Tiffany Holtz | Coldwell Banker Show Phone

Source: Tiffanyholtz

Added: Oct 19 Last Checked: Oct 19 at 2:26PM

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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

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Investment Insights

Based on property information with market context.

Built in 1980, this 1,975-square-foot duplex contains two side-by-side ranch-style apartments. Each has two bedrooms, one bathroom, an attached one-car garage, and a full basement with laundry hookups. The basement in unit 709 also has a finished recreation and bar area, plus a separate toilet and shower module outside the stated bathroom count and building square footage.

The apartments have separate utility meters. One is vacant; the other is occupied on a month-to-month basis. The property is at 707 E Elm Dr in Little Chute, Wisconsin.

Key Highlights

• Two side‑by‑side apartments, each with 2 bedrooms and 1 bathroom
• 1,975 square feet; built in 1980
• Attached 1‑car garage for each apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,051

Cap Rate

4.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$301,020 $301.0K

Cap Rate 7%

$215,014 $215.0K

Cap Rate 9%

$167,233 $167.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,975 SF

Gross rent

$22.5K $11.40/SF

− Vacancy

−$1.0K −$0.51/SF

EGI

$21.5K $10.89/SF

− OpEx

−$6.5K −$3.27/SF

NOI

$15.1K $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 Rate 5%

$301,020

Cap Rate 7%

$215,014

Cap Rate 9%

$167,233

Alternative Uses

Best Use

Multifamily LT 5

$215.0K

$188.1K – $250.9K (±1% cap)

NOI $15,051 @ 7.0% cap · market cap 4.78%

Second Best

Apartment 5plus

$201.3K

$176.1K – $234.8K (±1% cap)

NOI $14,088 @ 7.0% cap · market cap 4.47%

Theoretical Best

Office A

$544.5K

$476.5K – $635.3K (±1% cap)

NOI $38,118 @ 7.0% cap · market cap 12.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

267

Businesses Nearby

Explore this area Business Placement

Demographics for 54140, WI

8,396

Population

3,634

Households

2.3

Avg Household Size

38

Median Age

20%

College-Educated

94%

High-School Grad

3.1 sq mi

ZIP Area

2,708

Density / Sq Mi

$72,049

Median Household Income

$46,689

Median Earnings

$1,009

Median Rent

$204,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - One apartment is vacant, while the other is leased month-to-month, offering flexibility in occupancy.

Where is this duplex located?

The property is located at 707 E Elm Dr Little Chute, WI.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: Two side‑by‑side apartments, each with 2 bedrooms and 1 bathroom; 1,975 square feet; built in 1980; Attached 1‑car garage for each apartment