Waterfront Ranch-Style
For Sale
Contact for pricing
Pending
1126 Fillmore Avenue, Oshkosh, WI 54902
Duplex-configured waterfront ranch with private boat ramp and multiple kitchens for flexible living.
Property Size3,200 SF
Days on Market108
Property Features for 1126 Fillmore Avenue
General Information
Standard status
Pending
Size
3,200 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
2 Fam/Dupl
Building Details
Year Built
1973
Units
2
Listing Agency:
Making Dreams Realty
Listed By:
Kevin Clark · License #WI 80594-94
Source:
Crexi
Added: Jun 5
Changed: Sep 14
Last Checked: Sep 19 at 8:09AM
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 Making Dreams Realty
Investment Insights
Based on property information with market context.
Welcome to 1126 Fillmore, a ranch-style property configured as a duplex and designed for flexible everyday living. The home offers four bedrooms and four bathrooms, with hardwood floors, hickory cabinetry, and three fireplaces with gas and wood-burning options. Main-floor laundry adds convenience, while the finished lower level includes a second kitchen, additional laundry area, and expansive recreation space.
Set along approx. 111 feet of river frontage on the Fox River system, the property provides direct boating access with a private boat ramp. Outdoor living is supported by a waterfront patio and deck, plus a fish cleaning station. Additional improvements include an oversized 40x24 garage, a storage building, and ample parking.
With its dual-kitchen layout, finished lower level, and direct water access, this home fits buyers seeking a single residence with adaptable space or a duplex configuration under one roof. The combination of waterfront entertaining space, boating capability, and oversized garage facilities makes it practical for a wide range of lifestyles where time on the water and room to spread out are key.
Set along approx. 111 feet of river frontage on the Fox River system, the property provides direct boating access with a private boat ramp. Outdoor living is supported by a waterfront patio and deck, plus a fish cleaning station. Additional improvements include an oversized 40x24 garage, a storage building, and ample parking.
With its dual-kitchen layout, finished lower level, and direct water access, this home fits buyers seeking a single residence with adaptable space or a duplex configuration under one roof. The combination of waterfront entertaining space, boating capability, and oversized garage facilities makes it practical for a wide range of lifestyles where time on the water and room to spread out are key.
Key Highlights
- Ranch‑style home built in 1973 with approx. 111 ft of river frontage and direct access to the Fox River system
- Duplex configuration with 4 bedrooms and 4 bathrooms, offering over 3,200 sq ft of versatile living space
- Three fireplaces with gas and wood‑burning options, plus hardwood floors and hickory cabinetry
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
$21,591
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
3.60%
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%
$431,820
$431.8K
Cap Rate 7%
$308,443
$308.4K
Cap Rate 9%
$239,900
$239.9K
Market Conditions
NOI Build-Up for 3,200 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
$32.6K $10.20/SF
− Vacancy
−$1.8K −$0.56/SF
EGI
$30.8K $9.64/SF
− OpEx
−$9.3K −$2.89/SF
NOI
$21.6K $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%
$431,820
Cap Rate 7%
$308,443
Cap Rate 9%
$239,900
Alternative Uses
Best Use
Multifamily LT 5
$308.4K
$269.9K – $359.9K
NOI $21,591 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$278.0K
$243.3K – $324.4K
NOI $19,462 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$690.7K
$604.3K – $805.8K
NOI $48,347 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
203
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex-configured waterfront ranch with private boat ramp and multiple kitchens for flexible living.
Where is this duplex located?
The property is located at 1126 Fillmore Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Ranch‑style home built in 1973 with approx. 111 ft of river frontage and direct access to the Fox River system; Duplex configuration with 4 bedrooms and 4 bathrooms, offering over 3,200 sq ft of versatile living space; Three fireplaces with gas and wood‑burning options, plus hardwood floors and hickory cabinetry
