Upper/Lower Duplex
1646 Elmwood Avenue Oshkosh, WI 54901
1646 Elmwood Avenue, Oshkosh, WI, 54901
$189,900
For Sale
$189,900
Upper and lower duplex with two-bedroom one-bath lower unit and one-bedroom one-bath upper unit.
Property Size1,697 SF
Price / SF$111.90
Days on Market10
Property Features for 1646 Elmwood Avenue
General Information
- Standard status
- Active
- Size
- 1,697 SF
- Property subtype
- Multifamily / Duplex (2 Unit)
Building Details
- Year Built
- 1920
Listing agency
Acre Realty, Ltd.
(920) 470-9692
Listed by
Stacey L Hennessey · License #90-55690
(920) 470-9692
Source
Compass
Added: Jul 13 Updated: Jul 21 at 3:42PM Checked: Jul 21 at 3:42PM
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 Acre Realty, Ltd.
Investment Insights
Based on property information with market context.
This upper/lower duplex offers two separate residential units. The lower unit includes 2 bedrooms and 1 bathroom, with hardwood floors, tall ceilings, and abundant natural light. The upper unit features 1 bedroom and 1 bathroom, along with a walk-in pantry in the kitchen and additional storage space.
The property is located in a convenient Oshkosh location, providing straightforward local accessibility for tenants or owners.
As a residential income property, the duplex’s clear two-unit layout supports independent living arrangements within the same building.
The property is located in a convenient Oshkosh location, providing straightforward local accessibility for tenants or owners.
As a residential income property, the duplex’s clear two-unit layout supports independent living arrangements within the same building.
Key Highlights
- Upper/lower duplex built in 1920 with 2‑story, 2 up and down layout
- Lower unit: 2 bedrooms, 1 bathroom with hardwood floors and tall ceilings
- Upper unit: 1 bedroom, 1 bathroom with walk‑in pantry and additional storage
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 | $17.3k | $10.20 |
| − Vacancy | −$952 | −$0.56 |
| EGI | $16.4k | $9.64 |
| − OpEx | −$4.9k | −$2.89 |
| NOI | $11.5k | $6.75 |
1,697 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$163.6K
$143.1K – $190.8K
NOI $11,450 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$147.4K
$129.0K – $172.0K
NOI $10,321 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$366.3K
$320.5K – $427.3K
NOI $25,639 @ 7.0% cap · market cap 13.50%
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 - Upper and lower duplex with two-bedroom one-bath lower unit and one-bedroom one-bath upper unit.
Where is this duplex located?
The property is located at 1646 Elmwood Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Upper/lower duplex built in 1920 with 2‑story, 2 up and down layout; Lower unit: 2 bedrooms, 1 bathroom with hardwood floors and tall ceilings; Upper unit: 1 bedroom, 1 bathroom with walk‑in pantry and additional storage
