7-Unit Apartment
For Sale
$598,500
556 JEFFERSON Street, Oshkosh, WI 54901
Apartment property with varied unit layouts, updated common areas, hot water heat, and a detached garage.
Property Size4,753 SF
Price / SF$125.92
Days on Market169
Property Features for 556 JEFFERSON Street
General Information
Standard status
Active
Size
4,753 SF
Total Parking Spaces
3
Property subtype
Multi Family
Units
Unit Mix
6 x 1BR/1BA, 1 x studio
Multifamily Units
7
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,675
Building Details
Building Size
4,753 SF
Year Built
1884
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 1:22PM
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 7-unit apartment building contains six 1-bedroom/1-bath residences and one studio, creating a straightforward mix within 4,753 square feet. The property uses a hot water heating system, while recent flooring improvements extend through the common areas and the main-level studio. A 3-car garage adds on-site storage or parking utility for residents.
Located at 556 Jefferson Street in Oshkosh, the property is near local amenities, shopping, and public transportation. The building dates to 1884 and combines historic construction with recent interior updates in selected areas.
Located at 556 Jefferson Street in Oshkosh, the property is near local amenities, shopping, and public transportation. The building dates to 1884 and combines historic construction with recent interior updates in selected areas.
Key Highlights
- 7‑unit apartment property with six 1‑bedroom/1‑bath units and one studio
- 4,753 square feet with a functional multifamily layout
- Hot water heating system
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
$28,907
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
4.83%
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%
$578,140
$578.1K
Cap Rate 7%
$412,957
$413.0K
Cap Rate 9%
$321,189
$321.2K
Market Conditions
NOI Build-Up for 4,753 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
$55.3K $11.64/SF
− Vacancy
−$2.8K −$0.58/SF
EGI
$52.6K $11.06/SF
− OpEx
−$23.7K −$4.98/SF
NOI
$28.9K $6.08/SF
Area
Winnebago County, WI
Vacancy
5.00%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
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%
$578,140
Cap Rate 7%
$412,957
Cap Rate 9%
$321,189
Alternative Uses
Best Use
Apartment 5plus
$413.0K
$361.3K – $481.8K
NOI $28,907 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$897.6K – $1.20M
NOI $71,811 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with varied unit layouts, updated common areas, hot water heat, and a detached garage.
Where is this apartment building located?
The property is located at 556 JEFFERSON Street Oshkosh, WI.
What is the asking price?
The asking price for this property is $598,500.
What are key features of this property?
This property features: 7‑unit apartment property with six 1‑bedroom/1‑bath units and one studio; 4,753 square feet with a functional multifamily layout; Hot water heating system
