Two-Unit
For Sale
$155,000
813 Cherry St, Oshkosh, WI 54901
Two one-bedroom apartments occupy separate upper and lower levels, each with a living area, kitchen, and bathroom.
Property Size1,864 SF
Price / SF$83.15
Days on Market11
Property Features for 813 Cherry St
General Information
Standard status
Active
Size
1,864 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Renard Realty
Listed By:
Shane Renard - Principal Broker Owner · License #9057962
(920) 606-4436
Source:
Renardrealtygroup
Added: Oct 4
Last Checked: Oct 12 at 8:15PM
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 Renard Realty
Investment Insights
Based on property information with market context.
Built in 1920, this 1,864-square-foot duplex is arranged as an upper apartment and a lower apartment. Each residence has one bedroom, a living area, a kitchen, and a bathroom. The lower unit has received new LVP flooring and fresh paint.
The property is near the university and downtown, with shopping, dining, and other local amenities nearby.
The property is near the university and downtown, with shopping, dining, and other local amenities nearby.
Key Highlights
- Two one‑bedroom units in an upper/lower configuration
- Each apartment includes a living area, kitchen, and bathroom
- Lower unit updated with new LVP flooring and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,577
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,540
$251.5K
Cap Rate 7%
$179,671
$179.7K
Cap Rate 9%
$139,744
$139.7K
Market Conditions
NOI Build-Up for 1,864 SF
Gross rent
$19.0K $10.20/SF
− Vacancy
−$1.0K −$0.56/SF
EGI
$18.0K $9.64/SF
− OpEx
−$5.4K −$2.89/SF
NOI
$12.6K $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%
$251,540
Cap Rate 7%
$179,671
Cap Rate 9%
$139,744
Alternative Uses
Best Use
Multifamily LT 5
$179.7K
$157.2K – $209.6K
NOI $12,577 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$162.0K
$141.7K – $189.0K
NOI $11,337 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$402.3K
$352.0K – $469.4K
NOI $28,162 @ 7.0% cap · market cap 18.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
988
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 - Two one-bedroom apartments occupy separate upper and lower levels, each with a living area, kitchen, and bathroom.
Where is this duplex located?
The property is located at 813 Cherry St Oshkosh, WI.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two one‑bedroom units in an upper/lower configuration; Each apartment includes a living area, kitchen, and bathroom; Lower unit updated with new LVP flooring and fresh paint
