Updated Duplex with Private
For Sale
$179,900
243 PARK Avenue, Oconto Falls, WI 54154
Two residential units offer distinct layouts, private access, and shared-basement laundry hookups.
Property Size1,378 SF
Price / SF$130.55
Days on Market13
Property Features for 243 PARK Avenue
General Information
Standard status
Active
Size
1,378 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,445
Building Details
Building Size
1,378 SF
Year Built
1945
Listing Agency:
Resource One Realty, LLC
(920) 373-7992
Listed By:
Katrina M. McDermid-Petersen · License #91-700983
(920) 373-7992
Source:
C21ace
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 29 at 2:18PM
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 Resource One Realty, LLC
Investment Insights
Based on property information with market context.
This duplex includes two separate residential units with private entrances and a shared basement. The lower apartment has two bedrooms, one bathroom, and an attached 1.5-car garage. The upper apartment provides one bedroom, one bathroom, and a generously sized living room. Separate laundry hookups are available in the basement for each unit.
The property occupies 0.99 acres on a quiet street on the west side of Oconto Falls, with a spacious yard. Improvements completed over the past 10 years include vinyl siding, vinyl windows, and an updated electrical box. Built in 1945, the property is near the Oconto River, beaches, and parks.
The property occupies 0.99 acres on a quiet street on the west side of Oconto Falls, with a spacious yard. Improvements completed over the past 10 years include vinyl siding, vinyl windows, and an updated electrical box. Built in 1945, the property is near the Oconto River, beaches, and parks.
Key Highlights
- Duplex situated on 0.99 acres
- Lower unit includes 2 bedrooms, 1 bath, and an attached 1.5‑car garage
- Upper unit features 1 bedroom, 1 bath, and a spacious living room
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
$12,032
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
6.69%
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%
$240,640
$240.6K
Cap Rate 7%
$171,886
$171.9K
Cap Rate 9%
$133,689
$133.7K
Market Conditions
NOI Build-Up for 1,378 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
$18.2K $13.20/SF
− Vacancy
−$1.0K −$0.73/SF
EGI
$17.2K $12.47/SF
− OpEx
−$5.2K −$3.74/SF
NOI
$12.0K $8.73/SF
Area
Oconto County, WI
Vacancy
5.50%
Lease Rate
$13.20 /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%
$240,640
Cap Rate 7%
$171,886
Cap Rate 9%
$133,689
Alternative Uses
Best Use
Multifamily LT 5
$171.9K
$150.4K – $200.5K
NOI $12,032 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$160.1K
$140.1K – $186.8K
NOI $11,208 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$321.3K
$281.1K – $374.8K
NOI $22,489 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 54154, WI
5,432
Population
2,699
Households
2
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
80.3 sq mi
ZIP Area
68
Density / Sq Mi
$57,887
Median Household Income
$44,255
Median Earnings
$684
Median Rent
$194,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, private access, and shared-basement laundry hookups.
Where is this duplex located?
The property is located at 243 PARK Avenue Oconto Falls, WI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Duplex situated on 0.99 acres; Lower unit includes 2 bedrooms, 1 bath, and an attached 1.5‑car garage; Upper unit features 1 bedroom, 1 bath, and a spacious living room
