Duplex With Two Three-Bedroom
For Sale
$265,000
514 W IRVING Avenue, Oshkosh, WI 54901
MULTI_FAMILY - OSHKOSH, WI
Property Size1,992 SF
Lot Size0.18 Acres
Price / SF$133.03
Days on Market151
Property Features for 514 W IRVING Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex
Parking
2
Elementary school district
Oshkosh Area
Middle school district
Oshkosh Area
High school district
Oshkosh Area
Directions
Wisconsin Ave, North to Irving, East to address
Standard status
Active
APN
0500140000
Size
1,992 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3332
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Forced Air
Water source
Public
Building Details
Year built
1920
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Fox Cities · Keller Williams Realty
(920) 903-9031
Listed By:
Chris A Schultz · License #94-42129
(920) 379-1104
Added: Mar 9
Changed: Aug 5
Last Checked: Aug 6 at 3:06AM
MLS# 50322130
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 duplex offers two three-bedroom units with hardwood floors in both apartments. The property includes a two-car garage and vinyl siding, with heating served by forced air and hot water systems. Public water and public sewer are available to the site. Built in 1920, the home sits on a 0.18-acre lot and provides approximately 1,992 square feet of total building area.
Both units are currently rented out and the seller notes the rentals extend for the next 2 years. The duplex is located at 514 W Irving Avenue in Oshkosh, WI 54901, in Winnebago County.
For investors or owner-occupants seeking a straightforward rental setup, the layout provides two separate units within a single property, each with three bedrooms and shared exterior improvements such as the garage and vinyl siding.
Both units are currently rented out and the seller notes the rentals extend for the next 2 years. The duplex is located at 514 W Irving Avenue in Oshkosh, WI 54901, in Winnebago County.
For investors or owner-occupants seeking a straightforward rental setup, the layout provides two separate units within a single property, each with three bedrooms and shared exterior improvements such as the garage and vinyl siding.
Key Highlights
- Two three‑bedroom units with hardwood floors
- Two‑car garage
- 0.18‑acre lot
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 | $20.3k | $10.20 |
| − Vacancy | −$1.1k | −$0.56 |
| EGI | $19.2k | $9.64 |
| − OpEx | −$5.8k | −$2.89 |
| NOI | $13.4k | $6.75 |
1,992 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$192.0K
$168.0K – $224.0K
NOI $13,441 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$173.1K
$151.4K – $201.9K
NOI $12,115 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$429.9K
$376.2K – $501.6K
NOI $30,096 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 54901, WI
37,594
Population
15,381
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
92%
High-School Grad
16.6 sq mi
ZIP Area
2,265
Density / Sq Mi
$61,734
Median Household Income
$31,289
Median Earnings
$932
Median Rent
$164,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex on a 0.18-acre lot with two three-bedroom units, hardwood floors, and a two-car garage.
Where is this duplex located?
The property is located at 514 W IRVING Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two three‑bedroom units with hardwood floors; Two‑car garage; 0.18‑acre lot
