Character Duplex with Two-Car
New
For Sale
$324,900
330 E IRVING Avenue, Oshkosh, WI 54901
Upper and lower units feature hardwood floors, built-in storage, and abundant natural light.
Property Size3,316 SF
Price / SF$97.98
Days on Market5
Property Features for 330 E IRVING Avenue
General Information
Standard status
Active
Size
3,316 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,782
Amenities
character woodwork
hardwood floors
abundant natural light
built-in storage
large sitting porch
basement
Building Details
Building Size
3,316 SF
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Fox Cities
Listed By:
Christine A. Schultz · License #91-937763
(920) 379-1104
Source:
C21ace
Added: Sep 1
Changed: Sep 5
Last Checked: Sep 5 at 7:31AM
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 Keller Williams Fox Cities
Investment Insights
Based on property information with market context.
This 3,316-square-foot duplex was built in 1920 and includes upper and lower living units with character woodwork, hardwood flooring, built-in storage, and strong natural light. The property also offers a large sitting porch, a clean, well-maintained basement for storage and utility use, and a detached 2-car garage. The upper unit includes multiple updates and is currently owner-occupied, while the lower unit is leased month-to-month.
Located at 330 E IRVING Avenue in Oshkosh, Wisconsin, the property combines an established residential setting with a two-unit layout. Its existing occupancy arrangement provides flexibility for an owner occupant or an investor seeking a duplex with one rented unit and additional property features.
Located at 330 E IRVING Avenue in Oshkosh, Wisconsin, the property combines an established residential setting with a two-unit layout. Its existing occupancy arrangement provides flexibility for an owner occupant or an investor seeking a duplex with one rented unit and additional property features.
Key Highlights
- 3,316‑square‑foot duplex built in 1920
- Upper and lower units with hardwood floors and character woodwork
- Lower unit rented month‑to‑month; upper unit owner‑occupied
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
$22,374
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
6.89%
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%
$447,480
$447.5K
Cap Rate 7%
$319,629
$319.6K
Cap Rate 9%
$248,600
$248.6K
Market Conditions
NOI Build-Up for 3,316 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
$33.8K $10.20/SF
− Vacancy
−$1.9K −$0.56/SF
EGI
$32.0K $9.64/SF
− OpEx
−$9.6K −$2.89/SF
NOI
$22.4K $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%
$447,480
Cap Rate 7%
$319,629
Cap Rate 9%
$248,600
Alternative Uses
Best Use
Multifamily LT 5
$319.6K
$279.7K – $372.9K
NOI $22,374 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$288.1K
$252.1K – $336.1K
NOI $20,168 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$715.7K
$626.3K – $835.0K
NOI $50,100 @ 7.0% cap · market cap 15.42%
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
962
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 - Upper and lower units feature hardwood floors, built-in storage, and abundant natural light.
Where is this duplex located?
The property is located at 330 E IRVING Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 3,316‑square‑foot duplex built in 1920; Upper and lower units with hardwood floors and character woodwork; Lower unit rented month‑to‑month; upper unit owner‑occupied
