3-Unit Triplex with Sprinkler
For Sale
$315,000
535 Algoma Boulevard, Oshkosh, WI 54901
Three apartments with off-street parking, on-site laundry, and access to UW-Oshkosh, downtown amenities, and public transit.
Property Size3,574 SF
Price / SF$88.14
Days on Market62
Property Features for 535 Algoma Boulevard
General Information
Standard status
Active
Size
3,574 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Sprinkler System
Yes
Multifamily Units
3
Amenities
on-site laundry
Building Details
Year Built
1893
Stories
3
Listing Agency:
Sun Properties
Listed By:
Peggy D. Hirschberg
(920) 420-5944
Source:
Smartteamhomes
Added: Aug 17
Changed: Oct 15
Last Checked: Oct 7 at 5:21PM
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 Sun Properties
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Investment Insights
Based on property information with market context.
This three-unit triplex at 535 Algoma Boulevard includes three apartments with functional layouts and good natural light. Residents have access to off-street parking and on-site laundry. A fire suppression sprinkler system extends through all three floors and the basement, supported by a water reservoir tank system. The roof is newer.
The property is positioned in Oshkosh’s University district near UW-Oshkosh, downtown amenities, and public transit. Its location places the building within an established university-area rental setting while retaining convenient access to central city services.
The property is positioned in Oshkosh’s University district near UW-Oshkosh, downtown amenities, and public transit. Its location places the building within an established university-area rental setting while retaining convenient access to central city services.
Key Highlights
- Three‑unit multifamily property near UW‑Oshkosh
- Fire suppression sprinklers installed throughout 3 floors plus the basement
- Water reservoir tank system supports the sprinkler installation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,115
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,300
$482.3K
Cap Rate 7%
$344,500
$344.5K
Cap Rate 9%
$267,944
$267.9K
Market Conditions
NOI Build-Up for 3,574 SF
Gross rent
$36.5K $10.20/SF
− Vacancy
−$2.0K −$0.56/SF
EGI
$34.4K $9.64/SF
− OpEx
−$10.3K −$2.89/SF
NOI
$24.1K $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%
$482,300
Cap Rate 7%
$344,500
Cap Rate 9%
$267,944
Alternative Uses
Best Use
Multifamily LT 5
$344.5K
$301.4K – $401.9K
NOI $24,115 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$310.5K
$271.7K – $362.3K
NOI $21,737 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$771.4K
$675.0K – $900.0K
NOI $53,998 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,263
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments with off-street parking, on-site laundry, and access to UW-Oshkosh, downtown amenities, and public transit.
Where is this triplex located?
The property is located at 535 Algoma Boulevard Oshkosh, WI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Three‑unit multifamily property near UW‑Oshkosh; Fire suppression sprinklers installed throughout 3 floors plus the basement; Water reservoir tank system supports the sprinkler installation
