Two-Unit Duplex with Enclosed
For Sale
$225,000
687 CENTRAL Street, Oshkosh, WI 54901
Separate upper and lower residences offer two- and three-bedroom layouts.
Property Size2,558 SF
Price / SF$87.96
Days on Market71
Property Features for 687 CENTRAL Street
General Information
Standard status
Active
Size
2,558 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,960
Building Details
Building Size
2,558 SF
Year Built
1920
Buildings
1
Listing Agency:
First Weber Oshkosh
Listed By:
Jill M. Valdez · License #91-21716
(920) 527-1018
Source:
C21ace
Added: Jul 28
Changed: Sep 22
Last Checked: Oct 5 at 9:01PM
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 First Weber Oshkosh
Investment Insights
Based on property information with market context.
This two-unit residential property includes distinct upper and lower residences. The upper home provides three bedrooms, one bathroom, a spacious living area, a kitchen with extensive cabinet storage, and an enclosed porch. The lower residence contains two bedrooms, one bathroom, a living room, a kitchen with substantial cabinet storage, and its own enclosed porch.
The lower unit is occupied through March 2027. The property is located near the University of Wisconsin–Oshkosh, with shopping, restaurants, parks, and public transportation in the surrounding area.
The lower unit is occupied through March 2027. The property is located near the University of Wisconsin–Oshkosh, with shopping, restaurants, parks, and public transportation in the surrounding area.
Key Highlights
- Two‑unit duplex with 3‑bedroom upper and 2‑bedroom lower residences
- Each unit includes 1 bathroom, a kitchen, living area, and enclosed porch
- Upper residence features a spacious living area and extensive cabinet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,260
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,200
$345.2K
Cap Rate 7%
$246,571
$246.6K
Cap Rate 9%
$191,778
$191.8K
Market Conditions
NOI Build-Up for 2,558 SF
Gross rent
$26.1K $10.20/SF
− Vacancy
−$1.4K −$0.56/SF
EGI
$24.7K $9.64/SF
− OpEx
−$7.4K −$2.89/SF
NOI
$17.3K $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%
$345,200
Cap Rate 7%
$246,571
Cap Rate 9%
$191,778
Alternative Uses
Best Use
Multifamily LT 5
$246.6K
$215.8K – $287.7K
NOI $17,260 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$222.3K
$194.5K – $259.3K
NOI $15,558 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$552.1K
$483.1K – $644.1K
NOI $38,647 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,277
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate upper and lower residences offer two- and three-bedroom layouts.
Where is this duplex located?
The property is located at 687 CENTRAL Street Oshkosh, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom upper and 2‑bedroom lower residences; Each unit includes 1 bathroom, a kitchen, living area, and enclosed porch; Upper residence features a spacious living area and extensive cabinet storage
