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Updated Duplex with Garage Spaces
New
For Sale
$254,900

826 W 4TH Street, Appleton, WI 54914

Residential Income, APPLETON, WI

Property Size1,806 SF
Lot Size0.16 Acres
Price / SF$141.14
Days on Market4

Property Features for 826 W 4TH Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning 2 Family/Duplex
Parking 2
Elementary school district Appleton Area
Middle school district Appleton Area
High school district Appleton Area
Directions From West College Ave go south on Story St, turn left onto W 4th St
Standard status Active
APN 313047300
Size 1,806 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3318

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Amenities

in unit laundry

Building Details

Year built 1890
Number of units 2
Building materials Vinyl Siding
Listing Agency: LPT Realty
Listed By: Jennifer M. Landro · License #94-59089
Added: Oct 8 Changed: Oct 11 Last Checked: Oct 11 at 9:06PM
MLS# 50334024

Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This upper-and-lower duplex contains two 2-bedroom, 1-bathroom units, totaling 1,806 square feet. Both residences have in-unit laundry, separate utilities, and individual garage spaces. Recent updates have been completed in each unit. The building, constructed in 1890, has vinyl siding and forced-air heating, with public water and sewer service.

The property occupies a 0.16-acre parcel at 826 W 4th Street in Appleton. Both units are tenant-occupied, and visits require 24 hours’ notice.

Key Highlights

  • Two units, each with 2 bedrooms and 1 bathroom
  • 1,806 square feet across the upper and lower residences
  • Separate garage space and utilities for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$13,763
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,260 $275.3K
Cap Rate 7%
$196,614 $196.6K
Cap Rate 9%
$152,922 $152.9K
Market Conditions
NOI Build-Up for 1,806 SF
Gross rent
$20.6K $11.40/SF
− Vacancy
−$926 −$0.51/SF
EGI
$19.7K $10.89/SF
− OpEx
−$5.9K −$3.27/SF
NOI
$13.8K $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%
$275,260
Cap Rate 7%
$196,614
Cap Rate 9%
$152,922

Alternative Uses

Best Use
Multifamily LT 5
$196.6K
$172.0K – $229.4K (±1% cap)
NOI $13,763 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$184.0K
$161.0K – $214.7K (±1% cap)
NOI $12,883 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$497.9K
$435.7K – $580.9K (±1% cap)
NOI $34,856 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility Catering Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

990
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate residences each include in-unit laundry, independent utilities, and a dedicated garage space.
Where is this duplex located?
The property is located at 826 W 4TH Street Appleton, WI.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,806 square feet across the upper and lower residences; Separate garage space and utilities for each unit
More about this property
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