Updated Two-Unit
For Sale
$184,900
709 Franklin Street, Oshkosh, WI 54901
Two residential units include appliances and refreshed interior finishes.
Property Size2,174 SF
Price / SF$85.05
Days on Market156
Property Features for 709 Franklin Street
General Information
Standard status
Active
Size
2,174 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,908
Amenities
appliances included
Forced Air
1
2
Natural Gas
Full
Stone
1.5 Story,2 Up and Down
Shake Siding
1st Floor Bedroom,1st Floor Full Bath,Level Drive,Level Lot
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Coaction Real Estate, LLC
Listed By:
Nikki M Free · License #90-60496
(920) 284-9732
Source:
Compass
Added: Apr 2
Changed: Aug 31
Last Checked: Aug 30 at 10:36AM
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 Coaction Real Estate, LLC
Investment Insights
Based on property information with market context.
This 2,174-square-foot duplex contains two separate residences within a 1920 building. The lower unit offers three bedrooms and two bathrooms, while the upper unit includes one bedroom and one bathroom. Both apartments have fresh paint, updated flooring, and included appliances. Forced-air heating and natural gas service are also provided.
The property is located at 709 Franklin Street in Oshkosh, Wisconsin, within minutes of the UW campus. The lower residence is currently leased, and the upper unit is available for an owner-occupant or a new tenant. Residents pay their own utilities, and the property carries 2 Family/Duplex zoning.
The property is located at 709 Franklin Street in Oshkosh, Wisconsin, within minutes of the UW campus. The lower residence is currently leased, and the upper unit is available for an owner-occupant or a new tenant. Residents pay their own utilities, and the property carries 2 Family/Duplex zoning.
Key Highlights
- 2,174‑square‑foot duplex built in 1920
- Lower unit has 3 bedrooms and 2 bathrooms
- Upper unit has 1 bedroom and 1 bathroom
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
$14,669
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
7.93%
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%
$293,380
$293.4K
Cap Rate 7%
$209,557
$209.6K
Cap Rate 9%
$162,989
$163.0K
Market Conditions
NOI Build-Up for 2,174 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
$22.2K $10.20/SF
− Vacancy
−$1.2K −$0.56/SF
EGI
$21.0K $9.64/SF
− OpEx
−$6.3K −$2.89/SF
NOI
$14.7K $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%
$293,380
Cap Rate 7%
$209,557
Cap Rate 9%
$162,989
Alternative Uses
Best Use
Multifamily LT 5
$209.6K
$183.4K – $244.5K
NOI $14,669 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$188.9K
$165.3K – $220.4K
NOI $13,222 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$469.2K
$410.6K – $547.4K
NOI $32,846 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,046
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?
Duplex - Two residential units include appliances and refreshed interior finishes.
Where is this duplex located?
The property is located at 709 Franklin Street Oshkosh, WI.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: 2,174‑square‑foot duplex built in 1920; Lower unit has 3 bedrooms and 2 bathrooms; Upper unit has 1 bedroom and 1 bathroom
