Apartment Building with Barn
For Sale
$564,900
9651 Clayton Ave, Neenah, WI 54956
The property includes six living quarters, office, shop, and storage areas.
Property Size4,532 SF
Lot Size3.73 Acres
Price / SF$124.65
Days on Market95
Property Features for 9651 Clayton Ave
General Information
Standard status
Active
Size
4,532 SF
Lot size
3.73 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Building Details
Year Built
1920
Listing Agency:
Acre Realty, Ltd.
Listed By:
Stacey L. Hennessey · License #9124118
(920) 470-9692
Source:
Smartteamhomes
Added: Aug 2
Changed: Oct 26
Last Checked: Oct 7 at 12:58PM
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 Acre Realty, Ltd.
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Investment Insights
Based on property information with market context.
This 4,532-square-foot apartment property, built in 1920, contains six living quarters along with a range of accessory improvements. The barn includes a loft, a finished 15-by-35-foot office, a 37-by-34-foot shop, a 44-by-34-foot barn area, and a 20-by-41-foot lean-to shed. Newer furnaces serve all units, and the property includes a new water heater in Unit 5 installed 06/2026.
Set on 3.73 acres at 9651 Clayton Ave in Neenah, Wisconsin, the property combines residential units with substantial on-site workspace and storage. The living quarters include a one-bedroom unit and a two-bedroom upper unit in addition to four other units shown in the property information.
Set on 3.73 acres at 9651 Clayton Ave in Neenah, Wisconsin, the property combines residential units with substantial on-site workspace and storage. The living quarters include a one-bedroom unit and a two-bedroom upper unit in addition to four other units shown in the property information.
Key Highlights
- Six living quarters across the property
- 3.73‑acre property at 9651 Clayton Ave, Neenah, WI 54956
- 4,532 SF property built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,563
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,260
$551.3K
Cap Rate 7%
$393,757
$393.8K
Cap Rate 9%
$306,256
$306.3K
Market Conditions
NOI Build-Up for 4,532 SF
Gross rent
$52.8K $11.64/SF
− Vacancy
−$2.6K −$0.58/SF
EGI
$50.1K $11.06/SF
− OpEx
−$22.6K −$4.98/SF
NOI
$27.6K $6.08/SF
Area
Winnebago County, WI
Vacancy
5.00%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,260
Cap Rate 7%
$393,757
Cap Rate 9%
$306,256
Alternative Uses
Best Use
Apartment 5plus
$393.8K
$344.5K – $459.4K
NOI $27,563 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$978.2K
$855.9K – $1.14M
NOI $68,472 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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Business Placement
Demographics for 54956, WI
46,316
Population
20,104
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
96%
High-School Grad
61.7 sq mi
ZIP Area
751
Density / Sq Mi
$81,386
Median Household Income
$49,445
Median Earnings
$1,005
Median Rent
$238,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes six living quarters, office, shop, and storage areas.
Where is this apartment building located?
The property is located at 9651 Clayton Ave Neenah, WI.
What is the asking price?
The asking price for this property is $564,900.
What are key features of this property?
This property features: Six living quarters across the property; 3.73‑acre property at 9651 Clayton Ave, Neenah, WI 54956; 4,532 SF property built in 1920
