Side-by-Side Duplex with Private
For Sale
$240,000
Pending
1504 Superior Avenue, Oconto, WI 54153
Each residence has its own basement with laundry connections, offering separate utility space for the two households.
Property Size1,564 SF
Days on Market104
Property Features for 1504 Superior Avenue
General Information
Standard status
Pending
Size
1,564 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
Residential
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,015
Amenities
Forced Air
2
Natural Gas
Full,Sump Pump
Poured Concrete
1 Story,2 side by side
Vinyl Siding
1st Floor Bedroom,1st Floor Full Bath
Building Details
Year Built
1970
Buildings
1
Listing Agency:
Resource One Realty, LLC
Listed By:
Katrina M McDermid-Petersen · License #94-60609
(920) 373-7992
Source:
Compass
Added: Jul 21
Changed: Oct 25
Last Checked: Nov 1 at 8:58AM
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 Resource One Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,564-square-foot duplex in Oconto, Wisconsin, contains two side-by-side residences, each with two bedrooms and one full bathroom. Both units have a private basement with laundry hookups. The building was constructed in 1970 and has a poured-concrete foundation, vinyl siding, and vinyl windows. The roof was replaced in 2019.
The property occupies a nearly half-acre lot across from Oconto High School, with no neighbors directly behind it. Zoning is Residential.
The property occupies a nearly half-acre lot across from Oconto High School, with no neighbors directly behind it. Zoning is Residential.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom
- 1,564‑square‑foot duplex built in 1970
- Private basement with laundry hookups for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,657
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,140
$273.1K
Cap Rate 7%
$195,100
$195.1K
Cap Rate 9%
$151,744
$151.7K
Market Conditions
NOI Build-Up for 1,564 SF
Gross rent
$20.6K $13.20/SF
− Vacancy
−$1.1K −$0.73/SF
EGI
$19.5K $12.47/SF
− OpEx
−$5.9K −$3.74/SF
NOI
$13.7K $8.73/SF
Area
Oconto County, WI
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,140
Cap Rate 7%
$195,100
Cap Rate 9%
$151,744
Alternative Uses
Best Use
Multifamily LT 5
$195.1K
$170.7K – $227.6K
NOI $13,657 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$181.7K
$159.0K – $212.0K
NOI $12,721 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$364.6K
$319.1K – $425.4K
NOI $25,524 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
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Business Placement
Demographics for 54153, WI
7,323
Population
3,540
Households
2.1
Avg Household Size
45
Median Age
14%
College-Educated
93%
High-School Grad
101.6 sq mi
ZIP Area
72
Density / Sq Mi
$69,485
Median Household Income
$40,625
Median Earnings
$810
Median Rent
$165,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own basement with laundry connections, offering separate utility space for the two households.
Where is this duplex located?
The property is located at 1504 Superior Avenue Oconto, WI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom; 1,564‑square‑foot duplex built in 1970; Private basement with laundry hookups for each unit
