Side-by-Side Duplex with New
For Sale
$224,900
1331 BROAD Street, Oshkosh, WI 54901
MULTI_FAMILY - OSHKOSH, WI
Property Size1,400 SF
Lot Size0.15 Acres
Price / SF$160.64
Days on Market91
Property Features for 1331 BROAD Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex
Elementary school district
Oshkosh Area
Middle school district
Oshkosh Area
High school district
Oshkosh Area
Directions
North on Jackson Street, East on New York Ave, North on Broad St.
Standard status
Active
APN
15-06160000
Size
1,400 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2736
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1969
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Beckman Properties
(920) 968-6000
Listed By:
Tanner L. Beckman · License #9486549
(920) 428-9665
Added: May 14
Changed: Aug 11
Last Checked: Aug 12 at 10:06PM
MLS# 50325504
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Well-maintained side-by-side duplex at 1331 Broad Street, Oshkosh, WI 54901-3931, built in 1969. The property offers single-level living in each unit with functional layouts and updated flooring. One unit is vacant, and the other provides immediate rental income. A new roof was installed in 2020, supporting a lower-maintenance ownership experience.
The duplex sits on a 0.15-acre lot with 1,400 square feet of total property size. Construction is vinyl siding, and both units are served by forced-air heating. Utilities include public water and public sewer.
Zoned for a 2 Family/Duplex configuration, this property provides flexibility for an owner-occupant or a buyer looking to expand a residential rental portfolio.
The duplex sits on a 0.15-acre lot with 1,400 square feet of total property size. Construction is vinyl siding, and both units are served by forced-air heating. Utilities include public water and public sewer.
Zoned for a 2 Family/Duplex configuration, this property provides flexibility for an owner-occupant or a buyer looking to expand a residential rental portfolio.
Key Highlights
- New roof installed in 2020
- One unit vacant, other unit provides immediate rental income
- 0.15‑acre lot with 1,400 SF total property size
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
$9,446
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
4.20%
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%
$188,920
$188.9K
Cap Rate 7%
$134,943
$134.9K
Cap Rate 9%
$104,956
$105.0K
Market Conditions
NOI Build-Up for 1,400 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
$14.3K $10.20/SF
− Vacancy
−$785 −$0.56/SF
EGI
$13.5K $9.64/SF
− OpEx
−$4.0K −$2.89/SF
NOI
$9.4K $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%
$188,920
Cap Rate 7%
$134,943
Cap Rate 9%
$104,956
Alternative Uses
Best Use
Multifamily LT 5
$134.9K
$118.1K – $157.4K
NOI $9,446 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$121.6K
$106.4K – $141.9K
NOI $8,515 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$302.2K
$264.4K – $352.5K
NOI $21,152 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
325
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - One unit is vacant and ready while the other unit is occupied, with public water and sewer services.
Where is this duplex located?
The property is located at 1331 BROAD Street Oshkosh, WI.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: New roof installed in 2020; One unit vacant, other unit provides immediate rental income; 0.15‑acre lot with 1,400 SF total property size
