Duplex with Attached
For Sale
$253,900
337 Wintergreen Drive, Omro, WI 54963
Two 2-bed, 1-bath units each include functional living space and attached garage parking.
Property Size1,888 SF
Price / SF$134.48
Days on Market265
Property Features for 337 Wintergreen Drive
General Information
Standard status
Active
Size
1,888 SF
Total Parking Spaces
3
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,833
Amenities
Other
2
Electric
Finished Contiguous,Full,Sump Pump
Poured Concrete
2 Story,2 Up and Down
Brick,Vinyl Siding
Not Applicable
Building Details
Year Built
1996
Buildings
1
Listing Agency:
RE/MAX On The Water
(920) 379-6843
Listed By:
Jack R Doemel · License #90-41911
(920) 379-6843
Source:
Compass
Added: Nov 20, 2025
Changed: Aug 8
Last Checked: Jul 22 at 6:13PM
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 duplex offers two separate 2-bedroom, 1-bath living units with functional kitchens and bright living areas. The lower unit includes an attached 1-car garage for convenient parking and everyday storage. The upper unit features an attached 2-car garage, providing additional space for vehicles and belongings. Heat is electric baseboard.
The property is offered for sale as a duplex, with both levels designed for independent occupancy.
Each unit’s layout includes comfortable indoor living space, with separate garage attachments to support parking flexibility for residents.
The property is offered for sale as a duplex, with both levels designed for independent occupancy.
Each unit’s layout includes comfortable indoor living space, with separate garage attachments to support parking flexibility for residents.
Key Highlights
- Duplex built in 1996 with 2 two‑bedroom, 1‑bath units
- Each unit includes functional kitchen/living space and bright interior layout
- Lower unit: 2 bed, 1 bath with attached 1‑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
$12,739
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
5.02%
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%
$254,780
$254.8K
Cap Rate 7%
$181,986
$182.0K
Cap Rate 9%
$141,544
$141.5K
Market Conditions
NOI Build-Up for 1,888 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
$19.3K $10.20/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$18.2K $9.64/SF
− OpEx
−$5.5K −$2.89/SF
NOI
$12.7K $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%
$254,780
Cap Rate 7%
$181,986
Cap Rate 9%
$141,544
Alternative Uses
Best Use
Multifamily LT 5
$182.0K
$159.2K – $212.3K
NOI $12,739 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$164.0K
$143.5K – $191.4K
NOI $11,483 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$407.5K
$356.6K – $475.4K
NOI $28,525 @ 7.0% cap · market cap 11.23%
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
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 54963, WI
7,454
Population
3,195
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
95%
High-School Grad
76.1 sq mi
ZIP Area
98
Density / Sq Mi
$76,987
Median Household Income
$43,523
Median Earnings
$926
Median Rent
$218,700
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 - Two 2-bed, 1-bath units each include functional living space and attached garage parking.
Where is this duplex located?
The property is located at 337 Wintergreen Drive Omro, WI.
What is the asking price?
The asking price for this property is $253,900.
What are key features of this property?
This property features: Duplex built in 1996 with 2 two‑bedroom, 1‑bath units; Each unit includes functional kitchen/living space and bright interior layout; Lower unit: 2 bed, 1 bath with attached 1‑car garage
