Upper/Lower
For Sale
$169,000
302 W LINCOLN Avenue, Oshkosh, WI 54901
Upper/lower duplex featuring a 3-bedroom unit below and a 1-bedroom unit above.
Property Size1,482 SF
Price / SF$114.04
Days on Market94
Property Features for 302 W LINCOLN Avenue
General Information
Standard status
Active
Size
1,482 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,045
Building Details
Building Size
1,482 SF
Year Built
1920
Listing Agency:
RE/MAX On The Water
Listed By:
Jack R. Doemel · License #9041911
(920) 379-6843
Source:
C21ace
Added: Jun 4
Changed: Aug 26
Last Checked: Sep 5 at 5:05AM
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 RE/MAX On The Water
Investment Insights
Based on property information with market context.
This upper/lower duplex offers two separate living units with distinct bedroom counts. The lower unit features three bedrooms along with a spacious living room, a dedicated dining room, and a functional kitchen. The upper unit is an efficient one-bedroom layout with a generously sized living room and kitchen.
The property is located at 302 W Lincoln Avenue in Oshkosh, Wisconsin.
For practical use, the configuration supports occupancy of one unit while the other remains available to generate rental income, with both units designed for day-to-day living.
The property is located at 302 W Lincoln Avenue in Oshkosh, Wisconsin.
For practical use, the configuration supports occupancy of one unit while the other remains available to generate rental income, with both units designed for day-to-day living.
Key Highlights
- Upper/lower duplex with a 3‑bedroom unit on the lower level and a 1‑bedroom unit on the upper level
- Lower unit layout includes a spacious living room, dedicated dining room, and functional kitchen
- Upper unit features an efficient 1‑bedroom layout with a generously sized living room and kitchen
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
$9,999
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
5.92%
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%
$199,980
$200.0K
Cap Rate 7%
$142,843
$142.8K
Cap Rate 9%
$111,100
$111.1K
Market Conditions
NOI Build-Up for 1,482 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
$15.1K $10.20/SF
− Vacancy
−$831 −$0.56/SF
EGI
$14.3K $9.64/SF
− OpEx
−$4.3K −$2.89/SF
NOI
$10.0K $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%
$199,980
Cap Rate 7%
$142,843
Cap Rate 9%
$111,100
Alternative Uses
Best Use
Multifamily LT 5
$142.8K
$125.0K – $166.7K
NOI $9,999 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$128.8K
$112.7K – $150.2K
NOI $9,013 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$319.9K
$279.9K – $373.2K
NOI $22,391 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,046
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
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 - Upper/lower duplex featuring a 3-bedroom unit below and a 1-bedroom unit above.
Where is this duplex located?
The property is located at 302 W LINCOLN Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Upper/lower duplex with a 3‑bedroom unit on the lower level and a 1‑bedroom unit on the upper level; Lower unit layout includes a spacious living room, dedicated dining room, and functional kitchen; Upper unit features an efficient 1‑bedroom layout with a generously sized living room and kitchen
