Duplex with Separate Utility
For Sale
$189,900
1108 Cherry St, Oshkosh, WI 54901
The lower apartment has two bedrooms and is currently occupied by a tenant.
Property Size1,620 SF
Price / SF$117.22
Days on Market11
Property Features for 1108 Cherry St
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3-4BR upper, 1 x 2BR lower
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1920
Listing Agency:
Renard Realty
Listed By:
Shane Renard - Principal Broker Owner · License #9057962
(920) 606-4436
Source:
Renardrealtygroup
Added: Oct 4
Changed: Oct 9
Last Checked: Oct 12 at 7:38PM
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 Renard Realty
Investment Insights
Based on property information with market context.
This 1,620-square-foot duplex was built in 1920 and has separate utility meters. Its lower apartment contains two bedrooms and is currently rented.
The property is near the University of Wisconsin–Oshkosh campus.
The property is near the University of Wisconsin–Oshkosh campus.
Key Highlights
- 1,620‑square‑foot duplex built in 1920
- Two‑bedroom lower apartment is currently rented
- Utilities are separately metered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,931
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,620
$218.6K
Cap Rate 7%
$156,157
$156.2K
Cap Rate 9%
$121,456
$121.5K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$16.5K $10.20/SF
− Vacancy
−$909 −$0.56/SF
EGI
$15.6K $9.64/SF
− OpEx
−$4.7K −$2.89/SF
NOI
$10.9K $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 Rate 5%
$218,620
Cap Rate 7%
$156,157
Cap Rate 9%
$121,456
Alternative Uses
Best Use
Multifamily LT 5
$156.2K
$136.6K – $182.2K
NOI $10,931 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$140.8K
$123.2K – $164.2K
NOI $9,853 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$349.7K
$306.0K – $407.9K
NOI $24,476 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
504
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - The lower apartment has two bedrooms and is currently occupied by a tenant.
Where is this duplex located?
The property is located at 1108 Cherry St Oshkosh, WI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 1,620‑square‑foot duplex built in 1920; Two‑bedroom lower apartment is currently rented; Utilities are separately metered
