Brick Duplex With Attached
For Sale
$240,000
303 E PARKWAY Avenue, Oshkosh, WI 54901
A private upper-level unit above the garage is separated from the main residence by its own staircase.
Property Size2,156 SF
Price / SF$111.32
Days on Market25
Property Features for 303 E PARKWAY Avenue
General Information
Standard status
Active
Size
2,156 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,857
Building Details
Building Size
2,156 SF
Year Built
1929
Buildings
1
Construction
brick American Four Square
Listing Agency:
First Weber Oshkosh
(920) 379-7873
Listed By:
Erin M. Madel · License #91-21716
(920) 379-7873
Source:
C21ace
Added: Aug 5
Changed: Aug 23
Last Checked: Aug 28 at 4:24PM
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 First Weber Oshkosh
Investment Insights
Based on property information with market context.
This 1929 brick duplex combines a primary residence with a distinct secondary unit positioned over the attached two-car garage. The main home offers 2,156 square feet, a generously sized kitchen equipped with a new KitchenAid appliance suite, a split staircase, and a primary bedroom. Three additional bedrooms and a full bathroom are located upstairs, while the principal living level is arranged for everyday use and entertaining. Architectural elements associated with the American Four Square style and Italianate influence add definition to the interior and exterior.
The upper unit has a separate stairway connection and can function as guest space, extended household quarters, or a rental unit, as described for the property. Located at 303 E Parkway Avenue in Oshkosh, Wisconsin, the property provides a residential duplex configuration with an attached garage and two distinct living areas.
The upper unit has a separate stairway connection and can function as guest space, extended household quarters, or a rental unit, as described for the property. Located at 303 E Parkway Avenue in Oshkosh, Wisconsin, the property provides a residential duplex configuration with an attached garage and two distinct living areas.
Key Highlights
- Brick duplex built in 1929
- 2,156 square feet with two distinct living areas
- Private unit located above the attached 2‑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
$14,547
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
6.06%
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%
$290,940
$290.9K
Cap Rate 7%
$207,814
$207.8K
Cap Rate 9%
$161,633
$161.6K
Market Conditions
NOI Build-Up for 2,156 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
$22.0K $10.20/SF
− Vacancy
−$1.2K −$0.56/SF
EGI
$20.8K $9.64/SF
− OpEx
−$6.2K −$2.89/SF
NOI
$14.5K $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%
$290,940
Cap Rate 7%
$207,814
Cap Rate 9%
$161,633
Alternative Uses
Best Use
Multifamily LT 5
$207.8K
$181.8K – $242.5K
NOI $14,547 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$187.3K
$163.9K – $218.6K
NOI $13,113 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$465.3K
$407.2K – $542.9K
NOI $32,574 @ 7.0% cap · market cap 13.57%
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
1,239
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
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Frequently Asked Questions
What type of property is this?
Duplex - A private upper-level unit above the garage is separated from the main residence by its own staircase.
Where is this duplex located?
The property is located at 303 E PARKWAY Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Brick duplex built in 1929; 2,156 square feet with two distinct living areas; Private unit located above the attached 2‑car garage
