Two-Story
New
For Sale
$575,000
W3216 WESTOWNE Court, Appleton, WI 54915
Each residence has three bedrooms, one-and-a-half bathrooms, a fireplace, and an attached two-car garage.
Property Size2,850 SF
Price / SF$201.75
Days on Market5
Property Features for W3216 WESTOWNE Court
General Information
Standard status
Active
Size
2,850 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$4,107
Amenities
fireplaces
Building Details
Building Size
2,850 SF
Year Built
1995
Stories
2
Listing Agency:
Expert Real Estate Partners, LLC
Listed By:
Adam G. Janssen · License #91-937646
(920) 903-1600
Source:
C21ace
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:06PM
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 Expert Real Estate Partners, LLC
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Investment Insights
Based on property information with market context.
Built in 1995, this two-story duplex contains two residences. Each unit has three bedrooms, one-and-a-half bathrooms, a living room with a fireplace, and an attached two-car garage.
The property is in the Kimberly School District.
The property is in the Kimberly School District.
Key Highlights
- Two units, each with 3 bedrooms and 1.5 bathrooms
- Attached 2‑car garage for each unit
- Living room fireplace in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,720
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,400
$434.4K
Cap Rate 7%
$310,286
$310.3K
Cap Rate 9%
$241,333
$241.3K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$32.5K $11.40/SF
− Vacancy
−$1.5K −$0.51/SF
EGI
$31.0K $10.89/SF
− OpEx
−$9.3K −$3.27/SF
NOI
$21.7K $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%
$434,400
Cap Rate 7%
$310,286
Cap Rate 9%
$241,333
Alternative Uses
Best Use
Multifamily LT 5
$310.3K
$271.5K – $362.0K
NOI $21,720 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$290.4K
$254.1K – $338.8K
NOI $20,330 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$785.8K
$687.6K – $916.8K
NOI $55,005 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 54915, WI
43,190
Population
18,373
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,879
Density / Sq Mi
$83,814
Median Household Income
$49,554
Median Earnings
$974
Median Rent
$247,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, one-and-a-half bathrooms, a fireplace, and an attached two-car garage.
Where is this duplex located?
The property is located at W3216 WESTOWNE Court Appleton, WI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1.5 bathrooms; Attached 2‑car garage for each unit; Living room fireplace in each residence
