Side-by-Side Duplex with
For Sale
$240,000
1504 SUPERIOR Avenue, Oconto, WI 54153
Residential Income, OCONTO, WI
Property Size1,564 SF
Lot Size0.43 Acres
Price / SF$153.45
Days on Market26
Property Features for 1504 SUPERIOR Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Elementary school district
Oconto
Middle school district
Oconto
High school district
Oconto
Directions
Main Street in Oconto to north on Superior - across from Oconto High School
Standard status
Active
APN
26530180401465
Size
1,564 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3015
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
private basement with laundry hookups
Building Details
Year built
1970
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Resource One Realty, LLC
(920) 983-5450
Listed By:
Katrina M. McDermid-Petersen · License #91700983
(920) 373-7992
Added: Aug 20
Changed: Sep 11
Last Checked: Sep 14 at 1:06PM
MLS# 50331394
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 side-by-side duplex contains two residential units, each with 2 bedrooms, 1 full bath, and a private basement with laundry hookups. The property has vinyl siding, vinyl windows, a full poured foundation, and forced-air heating. A roof replacement was completed in 2019.
Set on a 0.43-acre lot in Oconto, the property is located across from Oconto High School and has no rear neighbors. Public water and public sewer serve the building. Constructed in 1970, the duplex is zoned Residential and offers a separately configured layout for occupants seeking more privacy than a shared-floorplan arrangement.
Set on a 0.43-acre lot in Oconto, the property is located across from Oconto High School and has no rear neighbors. Public water and public sewer serve the building. Constructed in 1970, the duplex is zoned Residential and offers a separately configured layout for occupants seeking more privacy than a shared-floorplan arrangement.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 full bath
- Private basement with laundry hookups for each unit
- 0.43‑acre lot with no rear neighbors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,657
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$273,140
$273.1K
Cap Rate 7%
$195,100
$195.1K
Cap Rate 9%
$151,744
$151.7K
Market Conditions
NOI Build-Up for 1,564 SF
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.
Gross rent
$20.6K $13.20/SF
− Vacancy
−$1.1K −$0.73/SF
EGI
$19.5K $12.47/SF
− OpEx
−$5.9K −$3.74/SF
NOI
$13.7K $8.73/SF
Area
Oconto County, WI
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$273,140
Cap Rate 7%
$195,100
Cap Rate 9%
$151,744
Alternative Uses
Best Use
Multifamily LT 5
$195.1K
$170.7K – $227.6K
NOI $13,657 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$181.7K
$159.0K – $212.0K
NOI $12,721 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$364.6K
$319.1K – $425.4K
NOI $25,524 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 54153, WI
7,323
Population
3,540
Households
2.1
Avg Household Size
45
Median Age
14%
College-Educated
93%
High-School Grad
101.6 sq mi
ZIP Area
72
Density / Sq Mi
$69,485
Median Household Income
$40,625
Median Earnings
$810
Median Rent
$165,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Two residential units include private basements, laundry hookups, and separate two-bedroom, one-bath layouts.
Where is this duplex located?
The property is located at 1504 SUPERIOR Avenue Oconto, WI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 full bath; Private basement with laundry hookups for each unit; 0.43‑acre lot with no rear neighbors
