Side-by-Side Ranch
W3181 Westowne Court Appleton, WI 54915
W3181 Westowne Court, Appleton, WI, 54915
$679,000
For Sale
$679,000
Each unit offers 3 bedrooms, 2 full baths, a 2-car attached garage, separate utilities, and finished full basements.
Property Size3,186 SF
Price / SF$213.12
Days on Market8
Property Features for W3181 Westowne Court
General Information
- Standard status
- Active
- Size
- 3,186 SF
- Property subtype
- Multifamily / Duplex (2 Unit)
Building Details
- Year Built
- 1996
Listing agency
RE/MAX On The Water
(920) 379-6843
Listed by
Jack R Doemel · License #90-41911
(920) 379-6843
Source
Compass
Added: Jul 14 Updated: Jul 21 at 10:58AM Checked: Jul 21 at 10:58AM
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 RE/MAX On The Water
Investment Insights
Based on property information with market context.
This side-by-side ranch duplex is currently structured as a zero lot line rental property. Each unit features three bedrooms and two full bathrooms, along with a two-car attached garage. Interior highlights include spacious living rooms with gas fireplaces, first-floor laundry areas, and central air.
The homes include full basements with finished living space. Separate utilities support independent operation, and the exterior includes a newer roof plus gutter guards. The units can be purchased independently or together as a package.
Overall condition is described as good both inside and out, making this a straightforward, low-maintenance-oriented residential income option within the Kimberly School District.
The homes include full basements with finished living space. Separate utilities support independent operation, and the exterior includes a newer roof plus gutter guards. The units can be purchased independently or together as a package.
Overall condition is described as good both inside and out, making this a straightforward, low-maintenance-oriented residential income option within the Kimberly School District.
Key Highlights
- SxS ranch duplex built in 1996 with each unit offering 3 bedrooms and 2 full baths
- Each unit includes a 2‑car attached garage and separate utilities
- Forced‑air natural gas heating with 2 furnaces per interior features; 2 air conditioners for central air
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.3k | $11.40 |
| − Vacancy | −$1.6k | −$0.51 |
| EGI | $34.7k | $10.89 |
| − OpEx | −$10.4k | −$3.27 |
| NOI | $24.3k | $7.62 |
3,186 SF · lease $11.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$346.9K
$303.5K – $404.7K
NOI $24,280 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$324.7K
$284.1K – $378.8K
NOI $22,727 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$878.4K
$768.6K – $1.02M
NOI $61,490 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each unit offers 3 bedrooms, 2 full baths, a 2-car attached garage, separate utilities, and finished full basements.
Where is this duplex located?
The property is located at W3181 Westowne Court Appleton, WI.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: SxS ranch duplex built in 1996 with each unit offering 3 bedrooms and 2 full baths; Each unit includes a 2‑car attached garage and separate utilities; Forced‑air natural gas heating with 2 furnaces per interior features; 2 air conditioners for central air
