Fully Leased Duplex with Garage
For Sale
$269,900
715 West Elsie Street, Appleton, WI 54914
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 Market92
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: Aug 5 at 12:38PM
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,239
Businesses Nearby
Explore this area
Business Placement
Demographics for 54914, WI
31,082
Population
14,002
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
19.2 sq mi
ZIP Area
1,619
Density / Sq Mi
$77,199
Median Household Income
$42,481
Median Earnings
$936
Median Rent
$210,200
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 - 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
