Triplex With Private
New
For Sale
$350,000
N4903 Ballard Rd, Appleton, WI 54913
Three separately accessed residences offer remodeled kitchens, in-unit laundry in two units, and a basement with laundry in the third.
Property Size3,608 SF
Price / SF$97.01
Days on Market6
Property Features for N4903 Ballard Rd
General Information
Standard status
Active
Size
3,608 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
3
Amenities
private entrances
remodeled kitchens
in-unit laundry
basement laundry & storage
Building Details
Year Built
1900
Listed By:
Tiffany Holtz | Coldwell Banker
(920) 574-4422
Source:
Tiffanyholtz
Added: Oct 7
Last Checked: Oct 11 at 7:52AM
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 Tiffany Holtz | Coldwell Banker
Investment Insights
Based on property information with market context.
This 3,608-square-foot triplex, built in 1900, contains three residences, each with a private entrance, a remodeled kitchen, 3+ bedrooms, a spacious bath, storage, and appliances. Units B and C have in-unit laundry; Unit A has a basement with laundry and additional storage. Each unit includes 2+ parking spaces. A newer roof is supported by a paid invoice and a remaining warranty.
The property is just outside Appleton. It also includes a large outbuilding with a covered lean-to and patio, which is rented separately. Tenants pay electric, LP costs are divided among the units, and water comes from a shared well. One unit is on a month-to-month arrangement.
The property is just outside Appleton. It also includes a large outbuilding with a covered lean-to and patio, which is rented separately. Tenants pay electric, LP costs are divided among the units, and water comes from a shared well. One unit is on a month-to-month arrangement.
Key Highlights
- Three units, each with a private entrance and 3+ bedrooms
- 3,608 square feet; built in 1900
- Units B and C have in‑unit laundry; Unit A has basement laundry and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,496
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,920
$549.9K
Cap Rate 7%
$392,800
$392.8K
Cap Rate 9%
$305,511
$305.5K
Market Conditions
NOI Build-Up for 3,608 SF
Gross rent
$41.1K $11.40/SF
− Vacancy
−$1.9K −$0.51/SF
EGI
$39.3K $10.89/SF
− OpEx
−$11.8K −$3.27/SF
NOI
$27.5K $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%
$549,920
Cap Rate 7%
$392,800
Cap Rate 9%
$305,511
Alternative Uses
Best Use
Multifamily LT 5
$392.8K
$343.7K – $458.3K
NOI $27,496 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$367.7K
$321.7K – $429.0K
NOI $25,737 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$994.8K
$870.4K – $1.16M
NOI $69,635 @ 7.0% cap · market cap 19.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 54913, WI
23,818
Population
9,930
Households
2.4
Avg Household Size
40
Median Age
47%
College-Educated
98%
High-School Grad
64.2 sq mi
ZIP Area
371
Density / Sq Mi
$103,149
Median Household Income
$57,739
Median Earnings
$1,158
Median Rent
$365,400
Median Home Value
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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?
Triplex - Three separately accessed residences offer remodeled kitchens, in-unit laundry in two units, and a basement with laundry in the third.
Where is this triplex located?
The property is located at N4903 Ballard Rd Appleton, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three units, each with a private entrance and 3+ bedrooms; 3,608 square feet; built in 1900; Units B and C have in‑unit laundry; Unit A has basement laundry and storage
