Updated Upper/Lower
For Sale
$244,900
1050 Van Buren Avenue, Oshkosh, WI 54902
Upper/lower duplex with updated flooring, fresh paint, and updated plumbing, currently producing monthly rental income.
Property Size1,848 SF
Price / SF$132.52
Days on Market175
Property Features for 1050 Van Buren Avenue
General Information
Standard status
Active
Size
1,848 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,509
Amenities
Forced Air
2
Natural Gas
Finished Contiguous,None
Slab
2 Story,Multi-Level
Aluminum Siding,Brick,Vinyl Siding
1st Floor Bedroom,1st Floor Full Bath
Building Details
Year Built
1970
Buildings
1
Listing Agency:
Beckman Properties
(920) 428-9665
Listed By:
Tanner L Beckman · License #94-86549
(920) 428-9665
Source:
Compass
Added: Feb 19
Changed: Aug 8
Last Checked: Jul 21 at 2:01AM
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 Beckman Properties
Investment Insights
Based on property information with market context.
This upper/lower duplex offers a ready-to-rent configuration with updated flooring, fresh paint, and updated plumbing. The lower unit is fully furnished, providing turnkey convenience for an immediate rental setup.
Located at 1050 Van Buren Avenue in Oshkosh, WI, the property is described as generating $2,485 per month in rental income. The seller requires 48 hours binding acceptance for any offer.
With both units arranged in an upper/lower format and recent updates already in place, this duplex is positioned for straightforward income production and hands-on ownership, as applicable.
Located at 1050 Van Buren Avenue in Oshkosh, WI, the property is described as generating $2,485 per month in rental income. The seller requires 48 hours binding acceptance for any offer.
With both units arranged in an upper/lower format and recent updates already in place, this duplex is positioned for straightforward income production and hands-on ownership, as applicable.
Key Highlights
- Upper/lower duplex currently producing $2,485 per month in rental income
- Updated flooring, fresh paint, and updated plumbing
- 2‑story multi‑level structure with slab foundation
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
$12,469
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
5.09%
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%
$249,380
$249.4K
Cap Rate 7%
$178,129
$178.1K
Cap Rate 9%
$138,544
$138.5K
Market Conditions
NOI Build-Up for 1,848 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
$18.8K $10.20/SF
− Vacancy
−$1.0K −$0.56/SF
EGI
$17.8K $9.64/SF
− OpEx
−$5.3K −$2.89/SF
NOI
$12.5K $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%
$249,380
Cap Rate 7%
$178,129
Cap Rate 9%
$138,544
Alternative Uses
Best Use
Multifamily LT 5
$178.1K
$155.9K – $207.8K
NOI $12,469 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$160.6K
$140.5K – $187.3K
NOI $11,239 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$398.9K
$349.0K – $465.3K
NOI $27,920 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
216
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 - Upper/lower duplex with updated flooring, fresh paint, and updated plumbing, currently producing monthly rental income.
Where is this duplex located?
The property is located at 1050 Van Buren Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Upper/lower duplex currently producing $2,485 per month in rental income; Updated flooring, fresh paint, and updated plumbing; 2‑story multi‑level structure with slab foundation
