Fully Leased Duplex with Garage
715 West Elsie Street Appleton, WI 54914
For Sale
$269,900
Fully occupied duplex with a 4-bed/1-bath and 2-bed/1-bath mix, plus $80/month garage and parking income.
Property Size2,494 SF
Price / SF$108.22
Days on Market80
Property Features for 715 West Elsie Street
General Information
- Standard status
- Active
- Size
- 2,494 SF
- Property subtype
- Multifamily / Duplex (2 Unit)
Building Details
- Year Built
- 1890
Listing Agency:
Standard Real Estate Services, LLC
(414) 817-4250
Listed By:
Chris Michala · License #94-90398
(414) 817-4250
Source:
Compass
Added: May 6
Changed: Jul 23
Last Checked: Jul 24 at 1:58PM
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 Standard Real Estate Services, LLC
Investment Insights
Based on property information with market context.
This fully occupied duplex is generating $2,828 per month, or $33,936 annualized. The property features a large 4 bed / 1 bath unit and a 2 bed / 1 bath unit combination, supported by a stable in-place tenant base. Additional revenue is provided through $80 per month from garage and parking income.
Financial and lease information is available upon request, and the operating history reflects consistent collections. Approximately $3,996 in security deposits transfers at closing. All measurements are approximate and not guaranteed; buyers should verify all dimensions.
Financial and lease information is available upon request, and the operating history reflects consistent collections. Approximately $3,996 in security deposits transfers at closing. All measurements are approximate and not guaranteed; buyers should verify all dimensions.
Key Highlights
- Fully occupied duplex generating $2,828/month ($33,936 annualized)
- Unit mix: 4 bed/1 bath plus 2 bed/1 bath
- Additional $80/month income from garage and parking
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.4k | $11.40 |
| − Vacancy | −$1.3k | −$0.51 |
| EGI | $27.2k | $10.89 |
| − OpEx | −$8.1k | −$3.27 |
| NOI | $19.0k | $7.62 |
2,494 SF · lease $11.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.5K
$237.6K – $316.8K
NOI $19,007 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$254.1K
$222.4K – $296.5K
NOI $17,790 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$687.6K
$601.7K – $802.2K
NOI $48,134 @ 7.0% cap · market cap 17.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied duplex with a 4-bed/1-bath and 2-bed/1-bath mix, plus $80/month garage and parking income.
Where is this duplex located?
The property is located at 715 West Elsie Street Appleton, WI.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Fully occupied duplex generating $2,828/month ($33,936 annualized); Unit mix: 4 bed/1 bath plus 2 bed/1 bath; Additional $80/month income from garage and parking
