Side-by-Side
N1565 LYMAN Road, Waupaca, WI 54981
For Sale
$400,000
Two separate three-bedroom, two-bath units offer flexible owner-occupant or rental configurations.
Property Size3,502 SF
Price / SF$114.22
Days on Market53
Property Features for N1565 LYMAN Road
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coaction Real Estate, LLC
Listed By:
Patrick F. Saifkani · License WI 91-950116
(920) 851-8911
Source:
C21ace
Added: Sep 18
Changed: Oct 31
Last Checked: Nov 8 at 12:29PM
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 Coaction Real Estate, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side duplex at N1565 Lyman Rd includes two separate residential units, each arranged with 3 bedrooms and 2 bathrooms. The property contains 3,502 square feet and was built in 2000, providing a defined two-unit configuration for residential occupancy.
The layout supports multiple ownership approaches identified for the property, including living in one unit while renting the other or leasing both units. Its separate-unit design also allows an owner to maintain distinct living spaces within the same building while evaluating future rental operations.
The layout supports multiple ownership approaches identified for the property, including living in one unit while renting the other or leasing both units. Its separate-unit design also allows an owner to maintain distinct living spaces within the same building while evaluating future rental operations.
Key Highlights
- Two‑unit side‑by‑side duplex configuration
- Each unit includes 3 bedrooms and 2 bathrooms
- 3,502 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,379
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,580
$467.6K
Cap Rate 7%
$333,986
$334.0K
Cap Rate 9%
$259,767
$259.8K
Market Conditions
NOI Build-Up for 3,502 SF
Gross rent
$35.7K $10.20/SF
− Vacancy
−$2.3K −$0.66/SF
EGI
$33.4K $9.54/SF
− OpEx
−$10.0K −$2.86/SF
NOI
$23.4K $6.68/SF
Area
Waupaca County, WI
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,580
Cap Rate 7%
$333,986
Cap Rate 9%
$259,767
Alternative Uses
Best Use
Multifamily LT 5
$334.0K
$292.2K – $389.7K
NOI $23,379 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$312.0K
$273.0K – $364.0K
NOI $21,842 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$656.0K
$574.0K – $765.3K
NOI $45,917 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 54981, WI
14,998
Population
8,253
Households
1.8
Avg Household Size
47
Median Age
28%
College-Educated
94%
High-School Grad
131.6 sq mi
ZIP Area
114
Density / Sq Mi
$76,821
Median Household Income
$45,326
Median Earnings
$800
Median Rent
$204,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate three-bedroom, two-bath units offer flexible owner-occupant or rental configurations.
Where is this duplex located?
The property is located at N1565 LYMAN Road Waupaca, WI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex configuration; Each unit includes 3 bedrooms and 2 bathrooms; 3,502 square feet of total property size
