Side-by-Side Brick
For Sale
$339,900
Pending
801 W Browning St, Appleton, WI 54914
Two leased units offer separate utilities, private basements, and attached garages for flexible ownership or investment use.
Property Size2,582 SF
Days on Market8
Property Features for 801 W Browning St
General Information
Standard status
Pending
Size
2,582 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Utilities to Site
Yes
Amenities
full basement
finished rec room with bar
Building Details
Year Built
1967
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Renard Realty
Listed By:
Shane Renard - Principal Broker Owner · License #9057962
(920) 606-4436
Source:
Renardrealtygroup
Added: Sep 20
Changed: Sep 24
Last Checked: Sep 26 at 7:04AM
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 Renard Realty
Investment Insights
Based on property information with market context.
This 1967 brick duplex contains two side-by-side residences, each with 2 bedrooms, 1 full bath, a living room, eat-in kitchen, full basement, and attached 1-car garage. Both units also have an additional lower-level toilet and sink that are separate from the primary bathroom count. The 801 unit includes a finished recreation room with a bar.
Recent improvements include the roof, windows, entry doors, and gutters, along with extensive updates to the 803 unit such as flooring, carpet, interior doors and trim, paint, and a refrigerator. Separate gas and electric meters serve the units. Both residences are leased on a month-to-month basis, supporting either continued rental use or a future owner-occupant arrangement.
Recent improvements include the roof, windows, entry doors, and gutters, along with extensive updates to the 803 unit such as flooring, carpet, interior doors and trim, paint, and a refrigerator. Separate gas and electric meters serve the units. Both residences are leased on a month-to-month basis, supporting either continued rental use or a future owner-occupant arrangement.
Key Highlights
- Two‑unit side‑by‑side brick duplex built in 1967
- Each unit includes 2 BR, 1 full bath, full basement, and attached 1‑car garage
- Both lower levels have an additional toilet and sink outside the primary bathroom count
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
$19,677
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
5.79%
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%
$393,540
$393.5K
Cap Rate 7%
$281,100
$281.1K
Cap Rate 9%
$218,633
$218.6K
Market Conditions
NOI Build-Up for 2,582 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
$29.4K $11.40/SF
− Vacancy
−$1.3K −$0.51/SF
EGI
$28.1K $10.89/SF
− OpEx
−$8.4K −$3.27/SF
NOI
$19.7K $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%
$393,540
Cap Rate 7%
$281,100
Cap Rate 9%
$218,633
Alternative Uses
Best Use
Multifamily LT 5
$281.1K
$246.0K – $328.0K
NOI $19,677 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$263.1K
$230.2K – $307.0K
NOI $18,418 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$711.9K
$622.9K – $830.6K
NOI $49,833 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
583
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two leased units offer separate utilities, private basements, and attached garages for flexible ownership or investment use.
Where is this duplex located?
The property is located at 801 W Browning St Appleton, WI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two‑unit side‑by‑side brick duplex built in 1967; Each unit includes 2 BR, 1 full bath, full basement, and attached 1‑car garage; Both lower levels have an additional toilet and sink outside the primary bathroom count
