Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Unit Duplex with Enclosed Porch Title is generated by Realmo AI

    1201 Ceape Avenue, Oshkosh, WI 54901

    View on Map
    Claim this Listing
    New
    For Sale
    $199,900

    Duplex offers two separate 3-bedroom units, each with a large living area and enclosed porch, plus shared garage access.

    Type:Multifamily / Duplex (2 Unit)
    Property size:
    2,432 SF
    Price / SF:
    $82/SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 3:34 am

    Property Features for 1201 Ceape Avenue

    General Information

    Standard status
    Active
    Size
    2,432 SF
    Property subtype
    Multifamily / Duplex (2 Unit)

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Michael J Christianson

    Listing agent Michael J Christianson License #94-64090

    Listing office Coldwell Banker Real Estate Group

    Listing date Jun 1, 2026

    Source Compass

    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 Coldwell Banker Real Estate Group

    HighLights

    • Duplex with two separate 3‑bedroom units (upper and lower), each with a large living area
    • Enclosed porch included in both the upper and lower units
    • Year built 1920; full lower level and aluminum siding exterior
    • Hot water heating with natural gas; two furnaces and two water heaters
    • Two ranges and two refrigerators; stone foundation
    • Tenants share a 2‑car garage and have month‑to‑month leases

    Overview

    This two-unit duplex includes an upper and lower residence, each featuring three bedrooms, a large living room, and an enclosed porch. Tenants share access to a two-car garage. The upper unit is currently vacant; the upper photos reflect its present condition, while the other photos were taken during prior tenant occupancy.

    The property is located at 1201 Ceape Avenue in Oshkosh, WI, in a neighborhood setting described as close to the lake. The home is within walking distance to schools, parks, and local destinations mentioned in the remarks.

    For buyers seeking a property with existing occupants, the duplex is currently served by long-term tenants on month-to-month leases. Showings require 48 hours’ notice per the tenants, so planning ahead will be important for scheduled tours. The layout supports two self-contained households under one roof with shared garage parking.

    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 $24.8k $10.20
    − Vacancy −$1.4k −$0.56
    EGI $23.4k $9.64
    − OpEx −$7.0k −$2.89
    NOI $16.4k $6.75
    2,432 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $234.4K
    $205.1K – $273.5K (±1% cap)
    NOI $16,409 @ 7.0% cap · market cap 8.21%
    Second Best
    Apartment 5plus
    $211.3K
    $184.9K – $246.5K (±1% cap)
    NOI $14,791 @ 7.0% cap · market cap 7.40%
    Theoretical Best
    Office A
    $524.9K
    $459.3K – $612.4K (±1% cap)
    NOI $36,744 @ 7.0% cap · market cap 18.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Oshkosh
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.5223468
    Latitude
    44.01225

    Nearby Similar for Sale

    • $750,000

      Turnkey Salon and Day Spa Property

      Modern day spa and salon setup with multiple service rooms and stations, plus real estate, equipment, and inventory included.
      1780 S KOELLER Street, OSHKOSH, WI 54902-6152
      View Details
    • $234,900
      1,400 SF

      Oshkosh Duplex: Investment Opportunity

      Well-maintained duplex in Oshkosh with $3,000 monthly rental income.
      1331 BROAD Street, OSHKOSH, WI 54901-3931
      View Details
    • $149,900
      1,156 SF

      Oshkosh Duplex Investment Opportunity

      Duplex in Oshkosh, Wisconsin, ideal for investors.
      747 FREDERICK Street, OSHKOSH, WI 54901
      View Details
    • $225,000
      2,672 SF

      Oshkosh Multifamily Investment Opportunity

      Two-unit property near East Hall Park with renovation potential.
      1217 JACKSON Street, OSHKOSH, WI 54901
      View Details
    • $189,000
      1,728 SF

      Oshkosh Duplex: Investor Opportunity

      Well-maintained, fully rented duplex in Oshkosh with strong cash flow.
      438 W 9TH Avenue, OSHKOSH, WI 54901
      View Details
    • $265,000
      1,992 SF

      Oshkosh Duplex Near UWO

      Charming duplex near UWO, ideal for rental portfolio expansion.
      514 W IRVING Avenue, OSHKOSH, WI 54901
      View Details
    • $285,000
      2,184 SF

      Spacious Oshkosh Duplex Investment

      8-bedroom duplex near campus with strong income potential.
      1007 JACKSON Street, OSHKOSH, WI 54901
      View Details
    • $886,858
      4,150 SF

      Oshkosh Commercial/Industrial Property For Sale

      Commercial/industrial property in Oshkosh's Enterprise Drive business corridor.
      2490 Enterprise Dr, Oshkosh, WI 54904
      View Details
    • $169,900
      2,268 SF

      Oshkosh Duplex Investment Opportunity

      Income-producing duplex with two units in a desirable Oshkosh location.
      314 VIOLA Avenue, OSHKOSH, WI 54901
      View Details
    • $300,000

      Oshkosh Mixed-Use Zoned Property

      Urban mixed-use property in downtown Oshkosh with many possibilities.
      714 DIVISION Street, OSHKOSH, WI 54901
      View Details
    • $165,000
      1,336 SF

      Oshkosh Duplex: Income Potential

      Income-producing duplex in Oshkosh, fully rented, immediate cash flow.
      918 MERRITT Avenue, OSHKOSH, WI 54901
      View Details
    • $950,000

      Medical/Dental Office Condo For Sale

      Medical or dental office condo with highway frontage for sale.
      1875 West Pointe Drive, OSHKOSH, WI 54902
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex offers two separate 3-bedroom units, each with a large living area and enclosed porch, plus shared garage access.
    Where is this duplex located?
    The property is located at 1201 Ceape Avenue Oshkosh, WI.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Duplex with two separate 3‑bedroom units (upper and lower), each with a large living area; Enclosed porch included in both the upper and lower units; Year built 1920; full lower level and aluminum siding exterior
    (920) 450-4560
    We can help!
    Listing Contact
    Michael J Christianson
    Real Estate License ID: 94-64090
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1201 Ceape Avenue, Oshkosh, WI 54901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!