Rented Duplex With Two
For Sale
$265,000
514 W Irving Ave, Oshkosh, WI 54901
Two spacious 3-bedroom units in a duplex configuration, each currently rented, with a two-car garage.
Property Size1,992 SF
Price / SF$133.03
Days on Market94
Property Features for 514 W Irving Ave
General Information
Standard status
Active
Size
1,992 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Keller Williams Fox Cities
Listed By:
Chris A Schultz · License #94-42129
(920) 379-1104
Source:
Moving2greenbay
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 21 at 2:44AM
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
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Investment Insights
Based on property information with market context.
This duplex offers two separate 3-bedroom units in a well-maintained layout. The property includes hardwood floors throughout each unit and a 2-car garage.
Both units are currently rented for the next 2 years. The lower unit is leased for $13,680 for 355 days, and the upper unit is leased for $14,220 for 355 days.
The listing notes that all measurements are approximate and should be verified by the buyer. The seller and listing agent make no representations as to the accuracy of the information provided.
Both units are currently rented for the next 2 years. The lower unit is leased for $13,680 for 355 days, and the upper unit is leased for $14,220 for 355 days.
The listing notes that all measurements are approximate and should be verified by the buyer. The seller and listing agent make no representations as to the accuracy of the information provided.
Key Highlights
- Duplex built in 1920 with two 3‑bedroom units
- Both units are currently rented for the next 2 years
- Lower unit rent: $13,680 for 355 days
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,441
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,820
$268.8K
Cap Rate 7%
$192,014
$192.0K
Cap Rate 9%
$149,344
$149.3K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$20.3K $10.20/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$19.2K $9.64/SF
− OpEx
−$5.8K −$2.89/SF
NOI
$13.4K $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 Rate 5%
$268,820
Cap Rate 7%
$192,014
Cap Rate 9%
$149,344
Alternative Uses
Best Use
Multifamily LT 5
$192.0K
$168.0K – $224.0K
NOI $13,441 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$173.1K
$151.4K – $201.9K
NOI $12,115 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$429.9K
$376.2K – $501.6K
NOI $30,096 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two spacious 3-bedroom units in a duplex configuration, each currently rented, with a two-car garage.
Where is this duplex located?
The property is located at 514 W Irving Ave Oshkosh, WI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Duplex built in 1920 with two 3‑bedroom units; Both units are currently rented for the next 2 years; Lower unit rent: $13,680 for 355 days
