• 48-unit market-rate multifamily community in Appleton, Wisconsin
• 100% two-bedroom, one-bath unit mix averaging 796 square feet
• 97.98% leased with in-place rents approximately 3.8% below modeled market rents
• Two-bedroom rents approximately 10.5% below the surveyed competitive average
• Value-add potential through continued renovations, rent growth, garages and utility reimbursements

Roberts Manor

Roberts Manor is a 48-unit market-rate multifamily community located at 1824 and 1832 N. Whitney Drive in Appleton, Wisconsin. Built in 1985, the property comprises two two-story residential buildings situated on approximately 1.12 acres. The community offers a highly consistent unit mix of two-bedroom, one-bath apartments averaging 796 square feet, supporting efficient operations and straightforward leasing.

Select apartments feature remodeled kitchens, stainless steel appliances and washer/dryer connections. Community amenities include on-site laundry, detached garages, complimentary surface parking and on-site management. Roberts Manor is positioned within an established residential neighborhood near grocery, dining and retail along N. Richmond Street, with convenient access to Interstate 41 and major employers throughout the Fox Cities region.

The offering presents a focused value-add opportunity supported by measurable rent upside. In-place rents average approximately $968 per unit, roughly 3.8% below modeled market rents of approximately $1,005. The subject’s surveyed two-bedroom rents also remain approximately 10.5% below the competitive-set average. A new operator may pursue additional NOI growth through focused leasing, continued interior renovations, disciplined rent management and additional revenue capture from detached garages and utility reimbursements.

Appleton, Wisconsin

Roberts Manor is positioned in Appleton, the economic center of Wisconsin’s Fox Cities region. The area supports a diversified employment base spanning manufacturing, healthcare, financial services, education and logistics, helping sustain demand for quality workforce housing. Major regional institutions and employers include ThedaCare, Ascension, Pierce Manufacturing, Thrivent Financial, Secura Insurance and J.J. Keller.

Residents benefit from convenient Interstate 41 connectivity, regional air access through Appleton International Airport and proximity to shopping, dining and services along N. Richmond Street. Lawrence University anchors downtown Appleton, while Fox Valley Technical College supports the region’s manufacturing and healthcare workforce. Appleton’s stable employment base, attractive household incomes and comparatively affordable cost of living reinforce its position as a durable Midwest multifamily market.