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Two-Unit Duplex Income Property

918 MERRITT Avenue Oshkosh, WI 54901

918 MERRITT Avenue, Oshkosh, WI, 54901
$160,000
For Sale
Claim this Listing
$160,000

MULTI_FAMILY - OSHKOSH, WI

Property Size1,336 SF
Lot Size0.15 Acres
Price / SF$119.76
AddedDec 23, 2025
Days on Market205
Last RefreshJul 16 at 2:06 am

Property Features for 918 MERRITT Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
2 Family/Duplex
Standard status
Active
APN
1102500000
Size
1,336 SF
Lot size
0.15 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
2152

Utilities

Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public

Building Details

Year built
1878
Number of units
2

Listing agent Alexia J. Tullberg License #94-96953

Listing office LPT Realty 3984 E Endeavor Dr, Appleton, WI

Listing date Dec 23, 2025

MLS# 50319392 Listing URL

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 income-producing duplex is configured as a two-unit property, with both units currently occupied. The month-to-month leases provide flexibility for both tenants and ownership, and tenants pay all utilities. The home exterior is noted as slate/asbestos.

The property is located at 918 Merritt Avenue on Oshkosh’s north side in Winnebago County, Wisconsin. The listing is offered as a residential income property under a 2 Family/Duplex zoning designation, supporting its two-family structure.

For buyers seeking a working duplex, the practical appeal is the existing occupancy with tenants on month-to-month terms and utility responsibility handled by the tenants. The 2 Family/Duplex zoning aligns directly with the property’s two-unit layout, making it straightforward for an owner-operator or investor looking to acquire a duplex for continued residential rental use.

Key Highlights

  • Income‑producing duplex with 2 units, both currently occupied and fully rented
  • Month‑to‑month leases with tenants; tenants pay all utilities
  • Public water and public sewer service

Local 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 $13.6k $10.20
− Vacancy −$749 −$0.56
EGI $12.9k $9.64
− OpEx −$3.9k −$2.89
NOI $9.0k $6.75
1,336 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$128.8K
$112.7K – $150.2K (±1% cap)
NOI $9,014 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$116.1K
$101.6K – $135.4K (±1% cap)
NOI $8,125 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$288.4K
$252.3K – $336.4K (±1% cap)
NOI $20,185 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Electrical Service (Bike/Boat/Book/etc) Store Bakery Barber Shop Home Appliance Store (Bike/Boat/Book/etc) Store Storage Facility Tanning Salon Pet Store & Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex with two occupied units on month-to-month leases where tenants pay all utilities.
Where is this duplex located?
The property is located at 918 MERRITT Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Income‑producing duplex with 2 units, both currently occupied and fully rented; Month‑to‑month leases with tenants; tenants pay all utilities; Public water and public sewer service
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