Updated Duplex with Separate
For Sale
$169,900
832 FREDERICK Street, Oshkosh, WI 54901
Both residences are prepared for occupancy, with separate utility service and off-street parking.
Property Size1,422 SF
Price / SF$119.48
Days on Market11
Property Features for 832 FREDERICK Street
General Information
Standard status
Active
Size
1,422 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,311
Building Details
Building Size
1,422 SF
Year Built
1920
Buildings
1
Listing Agency:
Equity Fighters
(920) 216-3859
Listed By:
Mark W. Showers · License #91-905553
(920) 216-3859
Source:
C21ace
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 2:33PM
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 Equity Fighters
Investment Insights
Based on property information with market context.
This 1,422-square-foot duplex, built in 1920, includes two units with updated kitchens and bathrooms, newer flooring, and separate utility service. The upper residence uses a studio-style arrangement with an open living and sleeping area, along with two additional 8-by-14-foot spaces serving as a foyer and landing. The other unit has full basement access for additional usable space.
Property features include two stoves, two refrigerators, off-street parking, and an original stained-glass window. Located at 832 Frederick Street in Oshkosh, Wisconsin, the duplex is configured for immediate occupancy and supports either owner-occupancy or rental use.
Property features include two stoves, two refrigerators, off-street parking, and an original stained-glass window. Located at 832 Frederick Street in Oshkosh, Wisconsin, the duplex is configured for immediate occupancy and supports either owner-occupancy or rental use.
Key Highlights
- 1,422 SF duplex built in 1920
- Two units with separate utilities
- Upper unit includes studio‑style living and sleeping area
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
$9,595
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
5.65%
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%
$191,900
$191.9K
Cap Rate 7%
$137,071
$137.1K
Cap Rate 9%
$106,611
$106.6K
Market Conditions
NOI Build-Up for 1,422 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
$14.5K $10.20/SF
− Vacancy
−$798 −$0.56/SF
EGI
$13.7K $9.64/SF
− OpEx
−$4.1K −$2.89/SF
NOI
$9.6K $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 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%
$191,900
Cap Rate 7%
$137,071
Cap Rate 9%
$106,611
Alternative Uses
Best Use
Multifamily LT 5
$137.1K
$119.9K – $159.9K
NOI $9,595 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$123.5K
$108.1K – $144.1K
NOI $8,648 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$306.9K
$268.6K – $358.1K
NOI $21,484 @ 7.0% cap · market cap 12.65%
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
700
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 - Both residences are prepared for occupancy, with separate utility service and off-street parking.
Where is this duplex located?
The property is located at 832 FREDERICK Street Oshkosh, WI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1,422 SF duplex built in 1920; Two units with separate utilities; Upper unit includes studio‑style living and sleeping area
