Rented Duplex With Two
514 W Irving Ave Oshkosh, WI 54901
New
514 W Irving Ave, Oshkosh, WI, 54901
$265,000
For Sale
$265,000
Two spacious 3-bedroom units in a duplex configuration, each currently rented, with a two-car garage.
Property Size1,992 SF
Price / SF$133.03
Days on Market2
Property Features for 514 W Irving Ave
General Information
- Standard status
- Active
- Size
- 1,992 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Keller Williams Fox Cities
(920) 903-9031
Listed by
Chris A Schultz · License #94-42129
Source
Smartteamhomes
Added: Jul 21 Updated: Jul 22 at 12:09PM Checked: Jul 22 at 12:09PM
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 Keller Williams Fox Cities
Investment Insights
Based on property information with market context.
This duplex offers two separate 3-bedroom units in a well-maintained layout. The property includes hardwood floors throughout each unit and a 2-car garage.
Both units are currently rented for the next 2 years. The lower unit is leased for $13,680 for 355 days, and the upper unit is leased for $14,220 for 355 days.
The listing notes that all measurements are approximate and should be verified by the buyer. The seller and listing agent make no representations as to the accuracy of the information provided.
Both units are currently rented for the next 2 years. The lower unit is leased for $13,680 for 355 days, and the upper unit is leased for $14,220 for 355 days.
The listing notes that all measurements are approximate and should be verified by the buyer. The seller and listing agent make no representations as to the accuracy of the information provided.
Key Highlights
- Duplex built in 1920 with two 3‑bedroom units
- Both units are currently rented for the next 2 years
- Lower unit rent: $13,680 for 355 days
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 | $20.3k | $10.20 |
| − Vacancy | −$1.1k | −$0.56 |
| EGI | $19.2k | $9.64 |
| − OpEx | −$5.8k | −$2.89 |
| NOI | $13.4k | $6.75 |
1,992 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$192.0K
$168.0K – $224.0K
NOI $13,441 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$173.1K
$151.4K – $201.9K
NOI $12,115 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$429.9K
$376.2K – $501.6K
NOI $30,096 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two spacious 3-bedroom units in a duplex configuration, each currently rented, with a two-car garage.
Where is this duplex located?
The property is located at 514 W Irving Ave Oshkosh, WI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Duplex built in 1920 with two 3‑bedroom units; Both units are currently rented for the next 2 years; Lower unit rent: $13,680 for 355 days
