Two-Unit Duplex with
New
For Sale
$575,000
W3216 WESTOWNE Court, Appleton, WI 54915
Residential Income, APPLETON, WI
Property Size2,850 SF
Lot Size0.45 Acres
Price / SF$201.75
Days on Market2
Property Features for W3216 WESTOWNE Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex
Parking
4
Lot features
Cul-De-Sac
Elementary school
West Side
Middle school
Gerritts
High school
Kimberly
Elementary school district
Kimberly Area
Middle school district
Kimberly Area
High school district
Kimberly Area
Directions
From Hwy 441 and County Rd KK, head east on KK. Turn left (north) on Eisenhower Dr, right (east) on Eastowne Dr, then left (west) on Westowne Ct to pr
Standard status
Active
APN
03-0-2118-00 01
Size
2,850 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4107
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
fireplaces
Building Details
Year built
1995
Number of units
2
Building materials
Brick, Vinyl Siding
Listing Agency:
Expert Real Estate Partners, LLC
(920) 903-1600
Listed By:
Adam G. Janssen · License #90-58997
(920) 277-7651
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 9:06PM
MLS# 50334505
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.
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Investment Insights
Based on property information with market context.
This 1995 duplex contains two units, each with 3 bedrooms, 1.5 bathrooms, and an attached two-car garage. The two-story layouts include spacious living rooms with fireplaces. The 2,850-square-foot building sits on a 0.45-acre lot and has brick and vinyl siding construction.
Heating is forced air, cooling is central air, and the property is served by public water and public sewer. Zoning is 2 Family/Duplex.
Heating is forced air, cooling is central air, and the property is served by public water and public sewer. Zoning is 2 Family/Duplex.
Key Highlights
- Two units, each with 3 bedrooms and 1.5 bathrooms
- Attached two‑car garage for each unit
- Two‑story layouts with living‑room fireplaces
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
534
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 - Two residences each include an attached garage, three bedrooms, and a two-story floor plan.
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 two‑car garage for each unit; Two‑story layouts with living‑room fireplaces
