Duplex with Detached
For Sale
$139,900
1008 West 9th Avenue, Oshkosh, WI 54902
Two-unit property with forced-air heating, natural gas, and additional off-street parking.
Property Size1,464 SF
Price / SF$95.56
Days on Market198
Property Features for 1008 West 9th Avenue
General Information
Standard status
Active
Size
1,464 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Taxes and HOA fees
Annual Taxes
$2,552
Amenities
Forced Air
2
Natural Gas
Full
1
Stone
1.5 Story,Apartment Building
Vinyl Siding
1st Floor Bedroom
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Century 21 Ace Realty
(920) 216-6348
Listed By:
Eric Lichterman · License #94-77822
(920) 216-6348
Source:
Compass
Added: Feb 13
Changed: Aug 29
Last Checked: Aug 29 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Ace Realty
Investment Insights
Based on property information with market context.
This 1,464-square-foot duplex was built in 1920 and features a 1.5-story apartment-building configuration with vinyl siding and stone exterior elements. Interior features include forced-air heating and natural gas service, while a first-floor bedroom adds flexibility to the layout.
The property includes a detached one-car garage along with additional off-street parking. Located at 1008 West 9th Avenue in Oshkosh, the property is near local amenities and the Oshkosh Area School District. Showings require 24-hour notice.
The property includes a detached one-car garage along with additional off-street parking. Located at 1008 West 9th Avenue in Oshkosh, the property is near local amenities and the Oshkosh Area School District. Showings require 24-hour notice.
Key Highlights
- 1,464‑square‑foot duplex built in 1920
- Detached 1‑car garage with additional off‑street parking
- 1.5‑story apartment‑building configuration
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
$9,878
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
7.06%
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%
$197,560
$197.6K
Cap Rate 7%
$141,114
$141.1K
Cap Rate 9%
$109,756
$109.8K
Market Conditions
NOI Build-Up for 1,464 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
$14.9K $10.20/SF
− Vacancy
−$821 −$0.56/SF
EGI
$14.1K $9.64/SF
− OpEx
−$4.2K −$2.89/SF
NOI
$9.9K $6.75/SF
Area
Winnebago County, WI
Vacancy
5.50%
Lease Rate
$10.20 /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%
$197,560
Cap Rate 7%
$141,114
Cap Rate 9%
$109,756
Alternative Uses
Best Use
Multifamily LT 5
$141.1K
$123.5K – $164.6K
NOI $9,878 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$127.2K
$111.3K – $148.4K
NOI $8,904 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$316.0K
$276.5K – $368.7K
NOI $22,119 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
Business Placement
Demographics for 54902, WI
22,309
Population
10,800
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
94%
High-School Grad
35.0 sq mi
ZIP Area
637
Density / Sq Mi
$64,548
Median Household Income
$41,592
Median Earnings
$859
Median Rent
$163,900
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 - Two-unit property with forced-air heating, natural gas, and additional off-street parking.
Where is this duplex located?
The property is located at 1008 West 9th Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 1,464‑square‑foot duplex built in 1920; Detached 1‑car garage with additional off‑street parking; 1.5‑story apartment‑building configuration
