Duplex with Updated
New
For Sale
$234,900
802 S Memorial Dr, Appleton, WI 54911
Both apartments are occupied, with residents handling their utility costs separately.
Property Size2,139 SF
Price / SF$109.82
Days on Market5
Property Features for 802 S Memorial Dr
General Information
Standard status
Active
Size
2,139 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$29,100
Building Details
Year Built
1895
Tenancy
Multi
Listing Agency:
Renard Realty
Listed By:
Shane Renard - Principal Broker Owner · License #9057962
(920) 606-4436
Source:
Renardrealtygroup
Added: Oct 7
Last Checked: Oct 11 at 7:33AM
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 two-unit residential property contains a 2-bedroom, 1-bathroom apartment at 802 S Memorial and a 3-bedroom, 1-bathroom apartment at 804 S Memorial. The building was constructed in 1895 and contains 2,139 square feet. Improvements include work to the kitchen and bathroom in the 802 unit, replacement of drain piping, and exterior updates; the improvement work was permitted.
Both apartments are occupied, and each resident pays utilities separately. The unit mix combines a two-bedroom layout with a three-bedroom layout.
Both apartments are occupied, and each resident pays utilities separately. The unit mix combines a two-bedroom layout with a three-bedroom layout.
Key Highlights
- Two apartments: one with 2 bedrooms and 1 bathroom, and one with 3 bedrooms and 1 bathroom
- 2,139 square feet; built in 1895
- Kitchen and bathroom work completed in the 802 unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,301
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,020
$326.0K
Cap Rate 7%
$232,871
$232.9K
Cap Rate 9%
$181,122
$181.1K
Market Conditions
NOI Build-Up for 2,139 SF
Gross rent
$24.4K $11.40/SF
− Vacancy
−$1.1K −$0.51/SF
EGI
$23.3K $10.89/SF
− OpEx
−$7.0K −$3.27/SF
NOI
$16.3K $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 Rate 5%
$326,020
Cap Rate 7%
$232,871
Cap Rate 9%
$181,122
Alternative Uses
Best Use
Multifamily LT 5
$232.9K
$203.8K – $271.7K
NOI $16,301 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$218.0K
$190.7K – $254.3K
NOI $15,258 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$589.8K
$516.0K – $688.1K
NOI $41,283 @ 7.0% cap · market cap 17.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,059
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 - Both apartments are occupied, with residents handling their utility costs separately.
Where is this duplex located?
The property is located at 802 S Memorial Dr Appleton, WI.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two apartments: one with 2 bedrooms and 1 bathroom, and one with 3 bedrooms and 1 bathroom; 2,139 square feet; built in 1895; Kitchen and bathroom work completed in the 802 unit
