Two-Unit Upper
For Sale
$199,900
622 GRAND Street, Oshkosh, WI 54901
Upper-level duplex with separate utilities, basement access, and laundry hookups for both residences.
Property Size1,571 SF
Price / SF$127.24
Days on Market20
Property Features for 622 GRAND Street
General Information
Standard status
Active
Size
1,571 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,734
Amenities
laundry hookups
Building Details
Building Size
1,571 SF
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Green Bay
(920) 209-5887
Listed By:
Curtis J. Stark · License #91-937525
(920) 209-5887
Source:
C21ace
Added: Aug 10
Changed: Aug 25
Last Checked: Aug 28 at 3:47PM
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 Green Bay
Investment Insights
Based on property information with market context.
This two-unit upper duplex contains 1,571 square feet and was built in 1920. The property includes front and rear stairwells, shared basement access, and separate laundry hookups serving the residences. Water, gas, and electric are separately metered for each unit, supporting distinct utility billing arrangements.
Located at 622 Grand Street in Oshkosh, the property includes tenant responsibility for lawn care and snow removal. Showings require 24 hours’ notice. The two units are described as clean and have an established rental history.
Located at 622 Grand Street in Oshkosh, the property includes tenant responsibility for lawn care and snow removal. Showings require 24 hours’ notice. The two units are described as clean and have an established rental history.
Key Highlights
- Two‑unit upper duplex with 1,571 square feet
- Built in 1920
- Separate metering for water, gas, and electric
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
$10,600
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
5.30%
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%
$212,000
$212.0K
Cap Rate 7%
$151,429
$151.4K
Cap Rate 9%
$117,778
$117.8K
Market Conditions
NOI Build-Up for 1,571 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
$16.0K $10.20/SF
− Vacancy
−$881 −$0.56/SF
EGI
$15.1K $9.64/SF
− OpEx
−$4.5K −$2.89/SF
NOI
$10.6K $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%
$212,000
Cap Rate 7%
$151,429
Cap Rate 9%
$117,778
Alternative Uses
Best Use
Multifamily LT 5
$151.4K
$132.5K – $176.7K
NOI $10,600 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$136.5K
$119.4K – $159.3K
NOI $9,555 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$339.1K
$296.7K – $395.6K
NOI $23,735 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,192
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?
Duplex - Upper-level duplex with separate utilities, basement access, and laundry hookups for both residences.
Where is this duplex located?
The property is located at 622 GRAND Street Oshkosh, WI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit upper duplex with 1,571 square feet; Built in 1920; Separate metering for water, gas, and electric
