Two-Unit Historic
New
For Sale
$274,980
221 High Ave, Oshkosh, WI 54901
Two distinct residences pair individual forced-air heating with separate interior layouts and shared outdoor space.
Property Size2,724 SF
Price / SF$100.95
Days on Market4
Property Features for 221 High Ave
General Information
Standard status
Active
Size
2,724 SF
Property subtype
Multi-Family
Building Details
Year Built
1864
Listing Agency:
Renard Realty
Listed By:
Shane Renard - Principal Broker Owner · License #9057962
(920) 606-4436
Source:
Renardrealtygroup
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 7:38PM
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 Renard Realty
Investment Insights
Based on property information with market context.
Built in 1864, this two-unit duplex contains 2,724 square feet across two parcels totaling 0.34 acre. Two garages serve the property, and each residence has its own forced-air furnace. Hardwood floors and later updates complement the historic structure.
The front residence spans two levels with three bedrooms and two full bathrooms. At the rear, the main level combines an open living area with a bedroom, full bathroom, kitchen, and dining space; upstairs is a primary suite with a full bathroom and walk-in closet. A patio and yard provide outdoor space. The property is tenant occupied, with 48-hour notice preferred and 24-hour notice required. Downtown Oshkosh businesses, UWO, and FVTC are nearby.
The front residence spans two levels with three bedrooms and two full bathrooms. At the rear, the main level combines an open living area with a bedroom, full bathroom, kitchen, and dining space; upstairs is a primary suite with a full bathroom and walk-in closet. A patio and yard provide outdoor space. The property is tenant occupied, with 48-hour notice preferred and 24-hour notice required. Downtown Oshkosh businesses, UWO, and FVTC are nearby.
Key Highlights
- Two residential units in a building constructed in 1864
- 2,724 square feet on two parcels totaling 0.34 acre
- Two garages and a separate forced‑air furnace for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,380
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,600
$367.6K
Cap Rate 7%
$262,571
$262.6K
Cap Rate 9%
$204,222
$204.2K
Market Conditions
NOI Build-Up for 2,724 SF
Gross rent
$27.8K $10.20/SF
− Vacancy
−$1.5K −$0.56/SF
EGI
$26.3K $9.64/SF
− OpEx
−$7.9K −$2.89/SF
NOI
$18.4K $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%
$367,600
Cap Rate 7%
$262,571
Cap Rate 9%
$204,222
Alternative Uses
Best Use
Multifamily LT 5
$262.6K
$229.8K – $306.3K
NOI $18,380 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$236.7K
$207.1K – $276.1K
NOI $16,567 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$587.9K
$514.4K – $685.9K
NOI $41,155 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,426
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences pair individual forced-air heating with separate interior layouts and shared outdoor space.
Where is this duplex located?
The property is located at 221 High Ave Oshkosh, WI.
What is the asking price?
The asking price for this property is $274,980.
What are key features of this property?
This property features: Two residential units in a building constructed in 1864; 2,724 square feet on two parcels totaling 0.34 acre; Two garages and a separate forced‑air furnace for each unit
