Waterfront Ranch
801 CAROLINE Street Neenah, WI 54956
For Sale
$269,900
Fully rented duplex with two 2-bedroom units, each with detached garage and waterfront frontage on Neenah Slough.
Property Size1,576 SF
Price / SF$171.26
Days on Market105
Property Features for 801 CAROLINE Street
General Information
Standard status
Active
Size
1,576 SF
Property subtype
Duplex
Building Details
Year Built
1966
Listing Agency:
Ruesch Realty
(920) 360-1252
Listed By:
Kevin J. Gracyalny · License #94114779
Source:
C21ace
Added: Apr 17
Changed: Jul 28
Last Checked: Jul 29 at 10:53AM
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 Ruesch Realty
Investment Insights
Based on property information with market context.
This fully rented ranch duplex offers two separate units, each with two bedrooms and one bathroom. Each unit includes a detached garage. With both units currently leased, the property can support an investor-ready rental setup while also allowing the option for owner occupancy, subject to lease terms.
The property has 120 feet of waterfront frontage on the Neenah Slough. The public remarks note access to fishing and kayaking up to Little Lake Butte Des Morts.
Both units are described as rented for $995 per month, with leases running through August 31, 2026. For showings, 24-hour notice is required. The seller also has three other duplexes available for sale individually or as a package.
The property has 120 feet of waterfront frontage on the Neenah Slough. The public remarks note access to fishing and kayaking up to Little Lake Butte Des Morts.
Both units are described as rented for $995 per month, with leases running through August 31, 2026. For showings, 24-hour notice is required. The seller also has three other duplexes available for sale individually or as a package.
Key Highlights
- Fully rented waterfront ranch duplex with 120 ft on the Neenah Slough
- Two units, each with 2 bedrooms and 1 bathroom
- Each unit includes a detached garage
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 | $16.1k | $10.20 |
| − Vacancy | −$884 | −$0.56 |
| EGI | $15.2k | $9.64 |
| − OpEx | −$4.6k | −$2.89 |
| NOI | $10.6k | $6.75 |
1,576 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$151.9K
$132.9K – $177.2K
NOI $10,634 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$136.9K
$119.8K – $159.8K
NOI $9,585 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$340.2K
$297.6K – $396.9K
NOI $23,811 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully rented duplex with two 2-bedroom units, each with detached garage and waterfront frontage on Neenah Slough.
Where is this duplex located?
The property is located at 801 CAROLINE Street Neenah, 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 rented waterfront ranch duplex with 120 ft on the Neenah Slough; Two units, each with 2 bedrooms and 1 bathroom; Each unit includes a detached garage
