Updated Duplex With Vacant
For Sale
$289,900
685 FRANKLIN Street, Oshkosh, WI 54901
The lower residence is vacant, allowing a new owner to choose occupancy or tenancy.
Property Size3,490 SF
Price / SF$83.07
Days on Market69
Property Features for 685 FRANKLIN Street
General Information
Standard status
Active
Size
3,490 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,272
Building Details
Building Size
3,490 SF
Year Built
1920
Listing Agency:
Real Broker LLC
Listed By:
Kyle D. Meyer · License #91-938769
(920) 475-5558
Source:
C21ace
Added: Aug 7
Changed: Oct 1
Last Checked: Oct 13 at 1:20AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This upper-and-lower duplex contains 3,490 square feet across two residential units. Built in 1920, the property has received recent improvements including new flooring, fresh paint, and a bathroom update. The lower unit is unoccupied, while the two-level configuration provides separate residential spaces within one building.
Located in Oshkosh, Wisconsin, the property can support an owner-occupant arrangement or continued use as a two-unit rental property. The vacant lower residence gives the next owner flexibility to establish occupancy or select a tenant.
Located in Oshkosh, Wisconsin, the property can support an owner-occupant arrangement or continued use as a two-unit rental property. The vacant lower residence gives the next owner flexibility to establish occupancy or select a tenant.
Key Highlights
- Upper‑and‑lower duplex with 3,490 square feet
- Lower unit is currently vacant
- Recent flooring, paint, and bathroom improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,548
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,960
$471.0K
Cap Rate 7%
$336,400
$336.4K
Cap Rate 9%
$261,644
$261.6K
Market Conditions
NOI Build-Up for 3,490 SF
Gross rent
$35.6K $10.20/SF
− Vacancy
−$2.0K −$0.56/SF
EGI
$33.6K $9.64/SF
− OpEx
−$10.1K −$2.89/SF
NOI
$23.5K $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%
$470,960
Cap Rate 7%
$336,400
Cap Rate 9%
$261,644
Alternative Uses
Best Use
Multifamily LT 5
$336.4K
$294.4K – $392.5K
NOI $23,548 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$303.2K
$265.3K – $353.8K
NOI $21,226 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$753.3K
$659.1K – $878.8K
NOI $52,729 @ 7.0% cap · market cap 18.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,319
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - The lower residence is vacant, allowing a new owner to choose occupancy or tenancy.
Where is this duplex located?
The property is located at 685 FRANKLIN Street Oshkosh, WI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Upper‑and‑lower duplex with 3,490 square feet; Lower unit is currently vacant; Recent flooring, paint, and bathroom improvements
