Duplex with Attached
New
For Sale
$264,900
1642 LINCOLN Avenue, Omro, WI 54963
Both residences have separate utilities and individual driveways.
Property Size1,856 SF
Price / SF$142.73
Days on Market7
Property Features for 1642 LINCOLN Avenue
General Information
Standard status
Active
Size
1,856 SF
Total Parking Spaces
3
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,989
Building Details
Building Size
1,856 SF
Year Built
2001
Construction
split-level
Listing Agency:
RE/MAX On The Water
Listed By:
Jack R. Doemel · License #91-936379
(920) 379-6843
Source:
C21ace
Added: Sep 30
Changed: Oct 5
Last Checked: Oct 5 at 9:31PM
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 RE/MAX On The Water
Investment Insights
Based on property information with market context.
Built in 2001, this 1,856-square-foot duplex has two split-level residences, each with two bedrooms, one bathroom, kitchen appliances, separate utilities, electric baseboard heat, and wall-mounted air conditioning. The exterior combines vinyl and brick, with yard space at the property.
The two units have different garage configurations: one has an attached one-car garage, while the other has an attached two-car garage. Each residence is served by its own driveway.
The two units have different garage configurations: one has an attached one-car garage, while the other has an attached two-car garage. Each residence is served by its own driveway.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,856 square feet; built in 2001
- Attached garages: one‑car for one unit and two‑car for the other
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,523
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,460
$250.5K
Cap Rate 7%
$178,900
$178.9K
Cap Rate 9%
$139,144
$139.1K
Market Conditions
NOI Build-Up for 1,856 SF
Gross rent
$18.9K $10.20/SF
− Vacancy
−$1.0K −$0.56/SF
EGI
$17.9K $9.64/SF
− OpEx
−$5.4K −$2.89/SF
NOI
$12.5K $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 Rate 5%
$250,460
Cap Rate 7%
$178,900
Cap Rate 9%
$139,144
Alternative Uses
Best Use
Multifamily LT 5
$178.9K
$156.5K – $208.7K
NOI $12,523 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$161.3K
$141.1K – $188.1K
NOI $11,288 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$400.6K
$350.5K – $467.4K
NOI $28,041 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 54963, WI
7,454
Population
3,195
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
95%
High-School Grad
76.1 sq mi
ZIP Area
98
Density / Sq Mi
$76,987
Median Household Income
$43,523
Median Earnings
$926
Median Rent
$218,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Both residences have separate utilities and individual driveways.
Where is this duplex located?
The property is located at 1642 LINCOLN Avenue Omro, WI.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,856 square feet; built in 2001; Attached garages: one‑car for one unit and two‑car for the other
