Turn-Key Duplex with Detached
232 West 8th Avenue Oshkosh, WI 54902
For Sale
$189,900
Duplex with separate utilities for tenants, plus a 1-car detached garage and additional off-street parking.
Property Size2,236 SF
Price / SF$84.93
Days on Market162
Property Features for 232 West 8th Avenue
General Information
- Standard status
- Active
- Size
- 2,236 SF
- Property subtype
- Multifamily / Duplex (2 Unit)
Building Details
- Year Built
- 1920
Listing Agency:
Century 21 Ace Realty
(920) 216-6348
Listed By:
Eric Lichterman · License #94-77822
(920) 216-6348
Source:
Compass
Added: Feb 13
Changed: Jul 23
Last Checked: Jul 23 at 10:07AM
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 Century 21 Ace Realty
Investment Insights
Based on property information with market context.
This duplex features separate utilities, with tenants paying their own heat and electric, as well as water. The property also includes a 1-car detached garage and additional off-street parking.
The building is positioned in a convenient area near local amenities and within the Oshkosh Area School District.
With two residential units arranged as a duplex, it offers a straightforward owner-operator setup based on the current separate utility payment structure.
The building is positioned in a convenient area near local amenities and within the Oshkosh Area School District.
With two residential units arranged as a duplex, it offers a straightforward owner-operator setup based on the current separate utility payment structure.
Key Highlights
- Duplex in a 2‑story apartment building built in 1920
- Separate utilities: tenants pay their own heat and electric, and water
- Forced‑air natural gas heat with 2 furnaces
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 | $22.8k | $10.20 |
| − Vacancy | −$1.3k | −$0.56 |
| EGI | $21.6k | $9.64 |
| − OpEx | −$6.5k | −$2.89 |
| NOI | $15.1k | $6.75 |
2,236 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$215.5K
$188.6K – $251.5K
NOI $15,087 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$194.3K
$170.0K – $226.7K
NOI $13,599 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$482.6K
$422.3K – $563.1K
NOI $33,783 @ 7.0% cap · market cap 17.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with separate utilities for tenants, plus a 1-car detached garage and additional off-street parking.
Where is this duplex located?
The property is located at 232 West 8th 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: Duplex in a 2‑story apartment building built in 1920; Separate utilities: tenants pay their own heat and electric, and water; Forced‑air natural gas heat with 2 furnaces
