Updated Duplex with Flexible
For Sale
$224,900
714 N BATEMAN Street, Appleton, WI 54911
Two-level duplex with refreshed interiors, flexible rooms, and distinct living areas on each floor.
Property Size2,352 SF
Price / SF$95.62
Days on Market63
Property Features for 714 N BATEMAN Street
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,314
Amenities
3-season room
screened porch
Building Details
Building Size
2,352 SF
Year Built
1870
Buildings
1
Stories
2
Listing Agency:
First Weber, Inc.
Listed By:
Alyssa L. Iglesias · License #91-833993
(920) 840-4385
Source:
C21ace
Added: Jul 20
Changed: Sep 18
Last Checked: Sep 19 at 12:41PM
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 First Weber, Inc.
Investment Insights
Based on property information with market context.
This 2,352-square-foot duplex, built in 1870, provides separate living areas across two levels. The lower floor includes a living room, dining area, 3-season room, screened porch, two bedrooms, and an office or bonus room. The upper floor adds another living area, a bedroom, and a flexible room that can function as an additional bedroom. Natural light is present throughout the interior.
Recent improvements include new cabinetry, showers, plumbing fixtures, and flooring. The combination of multiple living spaces, flexible rooms, and updated interior components supports a range of residential configurations within the duplex format.
Recent improvements include new cabinetry, showers, plumbing fixtures, and flooring. The combination of multiple living spaces, flexible rooms, and updated interior components supports a range of residential configurations within the duplex format.
Key Highlights
- 2,352‑square‑foot duplex built in 1870
- Lower level includes 2 bedrooms, office or bonus room, 3‑season room, and screened porch
- Upper level features a bedroom, living area, and flexible room
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
$17,924
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
7.97%
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%
$358,480
$358.5K
Cap Rate 7%
$256,057
$256.1K
Cap Rate 9%
$199,156
$199.2K
Market Conditions
NOI Build-Up for 2,352 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
$26.8K $11.40/SF
− Vacancy
−$1.2K −$0.51/SF
EGI
$25.6K $10.89/SF
− OpEx
−$7.7K −$3.27/SF
NOI
$17.9K $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%
$358,480
Cap Rate 7%
$256,057
Cap Rate 9%
$199,156
Alternative Uses
Best Use
Multifamily LT 5
$256.1K
$224.1K – $298.7K
NOI $17,924 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$239.7K
$209.7K – $279.6K
NOI $16,777 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$648.5K
$567.4K – $756.6K
NOI $45,394 @ 7.0% cap · market cap 20.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,124
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with refreshed interiors, flexible rooms, and distinct living areas on each floor.
Where is this duplex located?
The property is located at 714 N BATEMAN Street Appleton, WI.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 2,352‑square‑foot duplex built in 1870; Lower level includes 2 bedrooms, office or bonus room, 3‑season room, and screened porch; Upper level features a bedroom, living area, and flexible room
