Split-Entry
New
For Sale
$299,900
1737 Evans St, Oshkosh, WI 54901
Both apartments have month-to-month leases, and the property includes shared laundry and garage parking.
Property Size2,040 SF
Price / SF$147.01
Days on Market2
Property Features for 1737 Evans St
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Amenities
Common laundry room
Building Details
Year Built
2000
Buildings
1
Construction
Split-Entry
Tenancy
Multi
Listed By:
Tiffany Holtz | Coldwell Banker
(920) 574-4422
Source:
Tiffanyholtz
Added: Sep 26
Last Checked: Sep 26 at 6:23AM
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 Tiffany Holtz | Coldwell Banker
Investment Insights
Based on property information with market context.
Built in 2000, this 2,040-square-foot split-entry duplex contains two 2BR/1BA apartments, each with a two-stall garage. The upper apartment has an open living area, a kitchen with appliances installed in 2021, a snack counter, and large windows. The lower apartment offers a large living room, a galley kitchen with appliances installed in 2021, hi-top seating, and direct garage access. A shared laundry room serves both units.
Updates include replacement flooring in the upper apartment in 2021 and in the lower apartment in 2025. Radiant heating units, fixtures, and receptacles were also replaced in 2021. Both apartments are leased month-to-month. The property is a few minutes from the UW-Oshkosh campus.
Updates include replacement flooring in the upper apartment in 2021 and in the lower apartment in 2025. Radiant heating units, fixtures, and receptacles were also replaced in 2021. Both apartments are leased month-to-month. The property is a few minutes from the UW-Oshkosh campus.
Key Highlights
- 2,040‑square‑foot duplex with two 2BR/1BA apartments
- Each apartment includes a 2‑stall garage
- Both apartments have month‑to‑month leases
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
$13,764
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
4.59%
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%
$275,280
$275.3K
Cap Rate 7%
$196,629
$196.6K
Cap Rate 9%
$152,933
$152.9K
Market Conditions
NOI Build-Up for 2,040 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
$20.8K $10.20/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$19.7K $9.64/SF
− OpEx
−$5.9K −$2.89/SF
NOI
$13.8K $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%
$275,280
Cap Rate 7%
$196,629
Cap Rate 9%
$152,933
Alternative Uses
Best Use
Multifamily LT 5
$196.6K
$172.1K – $229.4K
NOI $13,764 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$177.2K
$155.1K – $206.8K
NOI $12,407 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$440.3K
$385.3K – $513.7K
NOI $30,821 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
321
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
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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 apartments have month-to-month leases, and the property includes shared laundry and garage parking.
Where is this duplex located?
The property is located at 1737 Evans St Oshkosh, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,040‑square‑foot duplex with two 2BR/1BA apartments; Each apartment includes a 2‑stall garage; Both apartments have month‑to‑month leases
