Updated Duplex with Two-Stall
New
For Sale
$299,900
1737 EVANS Street, Oshkosh, WI 54901
Residential Income, OSHKOSH, WI
Property Size2,040 SF
Lot Size0.22 Acres
Price / SF$147.01
Days on Market3
Property Features for 1737 EVANS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex,Resident
Parking
4
Lot features
Corner Lot, Sidewalk
Elementary school district
Oshkosh Area
Middle school district
Oshkosh Area
High school district
Oshkosh Area
Directions
E Murdock Ave to Evans St to property.
Standard status
Active
APN
15-10800200
Size
2,040 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4705
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Water source
Public
Amenities
common laundry room
Building Details
Year built
2000
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Dallaire Realty
(920) 569-0827
Listed By:
Chad A. Durkee · License #94-84392
(920) 369-6164
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 1:06AM
MLS# 50333189
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,040-square-foot split-entry duplex contains two 2-bedroom, 1-bathroom apartments. The upper unit has an open living area, kitchen appliances installed in 2021, a snack counter, and large windows. The lower apartment includes a spacious living room, a galley kitchen with appliances installed in 2021, and high-top seating. Each unit has a two-stall garage, and residents share a common laundry room. The property was built in 2000 and has vinyl siding, radiant heat, public water, and public sewer. Interior paint and flooring in the upper unit were updated in 2021; the lower unit received new flooring in 2025. Fixtures, receptacles, and radiant heating units were replaced in 2021.
Both apartments are occupied under month-to-month leases. The property is in Oshkosh, minutes from the UW-Oshkosh campus.
Both apartments are occupied under month-to-month leases. The property is in Oshkosh, minutes from the UW-Oshkosh campus.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units in a 2,040‑square‑foot duplex
- Each apartment has a two‑stall garage
- Both units are occupied under 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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units have month-to-month leases, with shared laundry and separate garage access.
Where is this duplex located?
The property is located at 1737 EVANS Street 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: Two 2‑bedroom, 1‑bathroom units in a 2,040‑square‑foot duplex; Each apartment has a two‑stall garage; Both units are occupied under month‑to‑month leases
