Two-Story Duplex with Original
For Sale
$219,900
717 West South Park Avenue, Oshkosh, WI 54902
Residentially zoned property with upper and lower units, classic interior features, and a flexible two-level layout.
Property Size1,940 SF
Price / SF$113.35
Days on Market223
Property Features for 717 West South Park Avenue
General Information
Standard status
Active
Size
1,940 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
Residential
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,934
Amenities
Forced Air
2
Natural Gas
Full
Stone
2 Story,2 Up and Down
Vinyl Siding
Not Applicable
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Beiser Realty, LLC
Listed By:
Ashlee Harlock · License #94-98489
(920) 379-0328
Source:
Compass
Added: Jan 24
Changed: Aug 30
Last Checked: Aug 30 at 5:07PM
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 Beiser Realty, LLC
Investment Insights
Based on property information with market context.
Located at 717 West South Park Avenue in Oshkosh, this 1,940-square-foot duplex contains two residential units arranged across two stories. The lower apartment offers three bedrooms and one bathroom, while the upper apartment includes two bedrooms and one bathroom. Both units feature generously sized rooms, high ceilings, and abundant natural light, with original interior details contributing to the building’s established character.
Built in 1920, the property combines stone and vinyl siding with forced-air heating and natural gas service. The lot is described as large, and the property carries Residential zoning. Its up-and-down configuration provides a straightforward multifamily layout with distinct upper and lower living areas.
Built in 1920, the property combines stone and vinyl siding with forced-air heating and natural gas service. The lot is described as large, and the property carries Residential zoning. Its up-and-down configuration provides a straightforward multifamily layout with distinct upper and lower living areas.
Key Highlights
- Two‑unit duplex at 717 West South Park Avenue, Oshkosh, WI 54902
- 1,940‑square‑foot building with upper and lower residential units
- Lower unit has 3 bedrooms and 1 bath; upper unit has 2 bedrooms and 1 bath
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
$13,090
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
5.95%
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%
$261,800
$261.8K
Cap Rate 7%
$187,000
$187.0K
Cap Rate 9%
$145,444
$145.4K
Market Conditions
NOI Build-Up for 1,940 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
$19.8K $10.20/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$18.7K $9.64/SF
− OpEx
−$5.6K −$2.89/SF
NOI
$13.1K $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%
$261,800
Cap Rate 7%
$187,000
Cap Rate 9%
$145,444
Alternative Uses
Best Use
Multifamily LT 5
$187.0K
$163.6K – $218.2K
NOI $13,090 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$168.6K
$147.5K – $196.7K
NOI $11,799 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$418.7K
$366.4K – $488.5K
NOI $29,310 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 54902, WI
22,309
Population
10,800
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
94%
High-School Grad
35.0 sq mi
ZIP Area
637
Density / Sq Mi
$64,548
Median Household Income
$41,592
Median Earnings
$859
Median Rent
$163,900
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 - Residentially zoned property with upper and lower units, classic interior features, and a flexible two-level layout.
Where is this duplex located?
The property is located at 717 West South Park Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Two‑unit duplex at 717 West South Park Avenue, Oshkosh, WI 54902; 1,940‑square‑foot building with upper and lower residential units; Lower unit has 3 bedrooms and 1 bath; upper unit has 2 bedrooms and 1 bath
