Up/Down
For Sale
$259,900
1731 OSHKOSH Avenue, Oshkosh, WI 54902
Two residential units have independent gas, electric, and water meters for simpler utility management.
Property Size1,806 SF
Price / SF$143.91
Days on Market14
Property Features for 1731 OSHKOSH Avenue
General Information
Standard status
Active
Size
1,806 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,017
Building Details
Building Size
1,806 SF
Year Built
1897
Listing Agency:
Berkshire Hathaway HS Water City Realty
(920) 420-4098
Listed By:
Patricia L. Wohlt · License #91-939227
(920) 420-4098
Source:
C21ace
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 29 at 8:26PM
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 Berkshire Hathaway HS Water City Realty
Investment Insights
Based on property information with market context.
This two-unit residential property is arranged in an up-and-down duplex configuration. Separate gas, electric, and water meters serve the units, providing distinct utility tracking for the building. Constructed in 1897, the property is located at 1731 Oshkosh Avenue in Oshkosh, Wisconsin.
The location offers access to the interstate, shopping, restaurants, and everyday amenities. The configuration may suit an investor or an owner-occupant seeking rental income, as described in the property information.
The location offers access to the interstate, shopping, restaurants, and everyday amenities. The configuration may suit an investor or an owner-occupant seeking rental income, as described in the property information.
Key Highlights
- Up‑and‑down duplex configuration
- Separate gas, electric, and water meters
- Built in 1897
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
$12,186
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
4.69%
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%
$243,720
$243.7K
Cap Rate 7%
$174,086
$174.1K
Cap Rate 9%
$135,400
$135.4K
Market Conditions
NOI Build-Up for 1,806 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
$18.4K $10.20/SF
− Vacancy
−$1.0K −$0.56/SF
EGI
$17.4K $9.64/SF
− OpEx
−$5.2K −$2.89/SF
NOI
$12.2K $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%
$243,720
Cap Rate 7%
$174,086
Cap Rate 9%
$135,400
Alternative Uses
Best Use
Multifamily LT 5
$174.1K
$152.3K – $203.1K
NOI $12,186 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$156.9K
$137.3K – $183.1K
NOI $10,984 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$389.8K
$341.1K – $454.8K
NOI $27,286 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 54902, WI
22,309
Population
10,800
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
94%
High-School Grad
35.0 sq mi
ZIP Area
637
Density / Sq Mi
$64,548
Median Household Income
$41,592
Median Earnings
$859
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units have independent gas, electric, and water meters for simpler utility management.
Where is this duplex located?
The property is located at 1731 OSHKOSH Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Up‑and‑down duplex configuration; Separate gas, electric, and water meters; Built in 1897
