Three-Unit Triplex with Separated
For Sale
$283,500
549 JEFFERSON Street, Oshkosh, WI 54901
Fully occupied three-unit property with a one-bedroom mix, studio layout, and individually separated utilities.
Property Size2,488 SF
Price / SF$113.95
Days on Market169
Property Features for 549 JEFFERSON Street
General Information
Standard status
Active
Size
2,488 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA, 1 x studio
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,651
Building Details
Building Size
2,488 SF
Year Built
1876
Listing Agency:
Roots Real Estate LLC
(920) 279-7884
Listed By:
Jaimee A. Radloff · License #9059213
Source:
C21ace
Added: Mar 15
Changed: Aug 29
Last Checked: Aug 29 at 3:34PM
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 Roots Real Estate LLC
Investment Insights
Based on property information with market context.
This 2,488-square-foot triplex contains three residential units: two one-bedroom, one-bath apartments and one studio. Built in 1876, the property is fully rented and has separate utility service for each unit.
The property is located on Jefferson Street in Oshkosh, with access to downtown amenities, shopping, and public transportation. Its existing unit mix and occupied status provide a straightforward multifamily configuration for an owner or investor.
The property is located on Jefferson Street in Oshkosh, with access to downtown amenities, shopping, and public transportation. Its existing unit mix and occupied status provide a straightforward multifamily configuration for an owner or investor.
Key Highlights
- Three‑unit triplex with two one‑bedroom, one‑bath units and one studio
- 2,488 square feet of residential space
- Fully rented at the time of listing
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
$16,787
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
5.92%
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%
$335,740
$335.7K
Cap Rate 7%
$239,814
$239.8K
Cap Rate 9%
$186,522
$186.5K
Market Conditions
NOI Build-Up for 2,488 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
$25.4K $10.20/SF
− Vacancy
−$1.4K −$0.56/SF
EGI
$24.0K $9.64/SF
− OpEx
−$7.2K −$2.89/SF
NOI
$16.8K $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%
$335,740
Cap Rate 7%
$239,814
Cap Rate 9%
$186,522
Alternative Uses
Best Use
Multifamily LT 5
$239.8K
$209.8K – $279.8K
NOI $16,787 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$216.2K
$189.2K – $252.2K
NOI $15,132 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$537.0K
$469.9K – $626.5K
NOI $37,590 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,278
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property with a one-bedroom mix, studio layout, and individually separated utilities.
Where is this triplex located?
The property is located at 549 JEFFERSON Street Oshkosh, WI.
What is the asking price?
The asking price for this property is $283,500.
What are key features of this property?
This property features: Three‑unit triplex with two one‑bedroom, one‑bath units and one studio; 2,488 square feet of residential space; Fully rented at the time of listing
