Updated Duplex with Private
New
For Sale
$179,900
243 PARK Avenue, Oconto Falls, WI 54154
Residential Income, OCONTO FALLS, WI
Property Size1,378 SF
Lot Size0.99 Acres
Price / SF$130.55
Days on Market5
Property Features for 243 PARK Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Parking
1
Elementary school
Oconto Falls
Middle school
Oconto Falls
High school
Oconto Falls
Elementary school district
Oconto Falls
Middle school district
Oconto Falls
High school district
Oconto Falls
Directions
Maple Street to West on Green Bay Avenue, to South on Park Avenue. No sign on property.
Standard status
Active
APN
2660607414767 & 4780
Size
1,378 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2445
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1945
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Resource One Realty, LLC
(920) 983-5450
Listed By:
Katrina M. McDermid-Petersen
(920) 373-7992
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 22 at 2:06AM
MLS# 50331233
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 1,378-square-foot duplex, built in 1945, includes two separately accessed residential units. 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 large living room. Shared basement laundry hookups serve the property, while vinyl siding, vinyl windows, and an updated electrical box are among the improvements completed over the past 10 years.
The property occupies 0.99 acres on Park Avenue in Oconto Falls, with public water and public sewer. Its west-side setting provides proximity to the Oconto River, beaches, and parks. Residential zoning supports the property's current duplex configuration.
The property occupies 0.99 acres on Park Avenue in Oconto Falls, with public water and public sewer. Its west-side setting provides proximity to the Oconto River, beaches, and parks. Residential zoning supports the property's current duplex configuration.
Key Highlights
- 0.99‑acre duplex property in Oconto Falls
- 1,378 square feet; built in 1945
- Lower unit: 2 bedrooms, 1 bath, attached 1.5‑car garage
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
Lease Details
2
Residential units
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 separate entrances, shared-basement laundry hookups, and a spacious yard.
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: 0.99‑acre duplex property in Oconto Falls; 1,378 square feet; built in 1945; Lower unit: 2 bedrooms, 1 bath, attached 1.5‑car garage
