Three-Unit Triplex with Private
New
For Sale
$350,000
N4903 BALLARD Road, Appleton, WI 54913
Residential Income, APPLETON, WI
Property Size3,608 SF
Lot Size0.80 Acres
Price / SF$97.01
Days on Market1
Property Features for N4903 BALLARD Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family(3Units)
Parking
3
Lot features
Corner Lot
Elementary school district
Seymour Community
Middle school district
Seymour Community
High school district
Seymour Community
Directions
Hwy 41 to Ballard Rd exit. North on Ballard Rd to property, near Krueger Rd.
Standard status
Active
APN
010080100
Size
3,608 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3467
Utilities
Sewer type
Septic Tank
Heating system
Hot Water(Heating)
Water source
Well
Amenities
private entrances
in-unit laundry
outbuilding with covered lean-to/patio
Building Details
Year built
1900
Number of units
3
Building materials
Fiber Cement
Listing Agency:
Keller Williams Fox Cities · Keller Williams Realty
(920) 903-9031
Listed By:
Kim R. Batterman · License #91937763
(920) 710-1710
Added: Oct 6
Last Checked: Oct 6 at 7:06PM
MLS# 50333869
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 3,608-square-foot triplex contains three residences, each with a private entrance, a remodeled kitchen, 3+ bedrooms, a spacious bathroom, storage, and appliances. Units B and C have in-unit laundry; Unit A includes a basement with laundry and storage. A separately rented outbuilding features a covered lean-to/patio. The roof is newer, with a paid invoice and remaining warranty provided.
The property occupies 0.8 acres and is zoned Multi-Family (3 Units). Each residence has 2+ parking spaces. Water comes from a shared well, and the property uses a septic tank. Tenants pay electric; LP costs are divided among the units.
The property occupies 0.8 acres and is zoned Multi-Family (3 Units). Each residence has 2+ parking spaces. Water comes from a shared well, and the property uses a septic tank. Tenants pay electric; LP costs are divided among the units.
Key Highlights
- Three residences, each with a private entrance and 3+ bedrooms
- 3,608 square feet on 0.8 acres
- Remodeled kitchens, spacious bathrooms, appliances, and ample storage in all units
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
Yes
Utilities to site
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 - Each residence has a remodeled kitchen, ample storage, and its own entrance.
Where is this triplex located?
The property is located at N4903 BALLARD Road 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 residences, each with a private entrance and 3+ bedrooms; 3,608 square feet on 0.8 acres; Remodeled kitchens, spacious bathrooms, appliances, and ample storage in all units
