Ranch Duplex with Off-Street
For Sale
$210,000
742 W 5TH Avenue, Oshkosh, WI 54902
Affordable ranch-style duplex with 1 bed and 1 bath per unit, tenant-paid separate utilities, and ample off-street parking.
Property Size1,344 SF
Price / SF$156.25
Days on Market136
Property Features for 742 W 5TH Avenue
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,519
Building Details
Building Size
1,344 SF
Year Built
1969
Listing Agency:
RE/MAX On The Water
Listed By:
Jack R. Doemel · License #91936379
(920) 379-6843
Source:
C21ace
Added: Apr 23
Changed: Aug 22
Last Checked: Sep 5 at 6:35AM
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 RE/MAX On The Water
Investment Insights
Based on property information with market context.
This affordable ranch-style duplex offers 1 bedroom and 1 bathroom per unit. Each unit has separate utilities that are paid by the tenants. For comfort, the property includes wall A/C units for cooling and central space heating for furnaces. Ranges and refrigerators are included, and the building features a block foundation with crawl space. Both units are currently under written leases.
The duplex is located on the S-side of Oshkosh at 742 W 5th Avenue, with a concrete drive providing ample off-street parking. The current lease status may appeal to buyers seeking an income-producing residential property with existing tenant occupancy.
The property’s practical setup includes independent in-unit utility responsibility, included major appliances, and tenant-ready heating and cooling equipment. Off-street parking is supported by the concrete drive for convenient resident access.
The duplex is located on the S-side of Oshkosh at 742 W 5th Avenue, with a concrete drive providing ample off-street parking. The current lease status may appeal to buyers seeking an income-producing residential property with existing tenant occupancy.
The property’s practical setup includes independent in-unit utility responsibility, included major appliances, and tenant-ready heating and cooling equipment. Off-street parking is supported by the concrete drive for convenient resident access.
Key Highlights
- Ranch‑style duplex built in 1969 with 1 bed and 1 bath per unit
- Both units are under written leases
- Separate utilities paid by tenants
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
$9,068
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
4.32%
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%
$181,360
$181.4K
Cap Rate 7%
$129,543
$129.5K
Cap Rate 9%
$100,756
$100.8K
Market Conditions
NOI Build-Up for 1,344 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
$13.7K $10.20/SF
− Vacancy
−$754 −$0.56/SF
EGI
$13.0K $9.64/SF
− OpEx
−$3.9K −$2.89/SF
NOI
$9.1K $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%
$181,360
Cap Rate 7%
$129,543
Cap Rate 9%
$100,756
Alternative Uses
Best Use
Multifamily LT 5
$129.5K
$113.4K – $151.1K
NOI $9,068 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$116.8K
$102.2K – $136.2K
NOI $8,174 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$290.1K
$253.8K – $338.4K
NOI $20,306 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
430
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
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Frequently Asked Questions
What type of property is this?
Duplex - Affordable ranch-style duplex with 1 bed and 1 bath per unit, tenant-paid separate utilities, and ample off-street parking.
Where is this duplex located?
The property is located at 742 W 5TH Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Ranch‑style duplex built in 1969 with 1 bed and 1 bath per unit; Both units are under written leases; Separate utilities paid by tenants
