Updated 4-Unit
New
For Sale
$439,000
708 W Lincoln Ave #1-4, Oshkosh, WI 54901
Coin-operated laundry, off-street parking, and air-conditioning improvements serve the four-apartment property.
Property Size3,600 SF
Price / SF$121.94
Days on Market3
Property Features for 708 W Lincoln Ave #1-4
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi-Family
Additional Details
Cap Rate
11%
Multifamily Units
4
Tenant in Place
Yes
Amenities
on-site coin-operated laundry
off-street parking
air conditioning
Building Details
Year Built
1976
Buildings
1
Listed By:
Shane Renard - Principal Broker Owner
(920) 606-4436
Source:
Renardrealtygroup
Added: Oct 28
Last Checked: Oct 28 at 6:42AM
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 Shane Renard - Principal Broker Owner
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Investment Insights
Based on property information with market context.
This 3,600-square-foot quadplex, built in 1976, contains four apartments. Improvements include two renovated bathrooms with walk-in showers, updated cabinetry and tile flooring, new wood flooring in three units, and fresh paint throughout. Exterior and system work includes fascia and soffit updates, new gutters with leaf guards, balcony restoration, security and fire-safety upgrades, garage improvements, and air-conditioning work. Coin-operated laundry and off-street parking are also on site.
The property is steps from the UW Oshkosh campus and near downtown amenities, restaurants, and shopping. Current rental income and operating expenses support an 11% cap rate, as stated by the seller.
The property is steps from the UW Oshkosh campus and near downtown amenities, restaurants, and shopping. Current rental income and operating expenses support an 11% cap rate, as stated by the seller.
Key Highlights
- Four‑apartment property totaling 3,600 square feet
- Seller reports an 11% cap rate based on current rental income and operating expenses
- Steps from the UW Oshkosh campus; near downtown amenities, restaurants, and shopping
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,290
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,800
$485.8K
Cap Rate 7%
$347,000
$347.0K
Cap Rate 9%
$269,889
$269.9K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$36.7K $10.20/SF
− Vacancy
−$2.0K −$0.56/SF
EGI
$34.7K $9.64/SF
− OpEx
−$10.4K −$2.89/SF
NOI
$24.3K $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%
$485,800
Cap Rate 7%
$347,000
Cap Rate 9%
$269,889
Alternative Uses
Best Use
Multifamily LT 5
$347.0K
$303.6K – $404.8K
NOI $24,290 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$312.8K
$273.7K – $364.9K
NOI $21,895 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$777.0K
$679.9K – $906.5K
NOI $54,391 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Coin-operated laundry, off-street parking, and air-conditioning improvements serve the four-apartment property.
Where is this quadplex located?
The property is located at 708 W Lincoln Ave #1-4 Oshkosh, WI.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Four‑apartment property totaling 3,600 square feet; Seller reports an 11% cap rate based on current rental income and operating expenses; Steps from the UW Oshkosh campus; near downtown amenities, restaurants, and shopping
