Remodeled Triplex with Coin
New
For Sale
$249,900
840 JACKSON Street, Oshkosh, WI 54901
Three renovated units include separately metered utilities and shared laundry.
Property Size2,180 SF
Price / SF$114.63
Days on Market5
Property Features for 840 JACKSON Street
General Information
Standard status
Active
Size
2,180 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,525
Amenities
common-area coin-operated laundry
Building Details
Building Size
2,180 SF
Year Built
1920
Listing Agency:
Coldwell Banker Real Estate Group
(920) 415-0472
Listed By:
Tiffany L. Holtz · License #91-6849
(920) 415-0472
Source:
C21ace
Added: Aug 7
Changed: Aug 10
Last Checked: Aug 10 at 8:40AM
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 Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
This three-unit residential income property contains 2,180 square feet and was built in 1920. Each unit has been remodeled, creating an updated configuration for continued rental use. The property also includes shared coin-operated laundry and parking for up to four vehicles.
Utility service is separately metered for gas, water, and electric at each unit, supporting distinct resident billing arrangements. Recent mechanical improvements include three new water heaters and a new furnace, all installed in Spring 2026. The triplex is located near UW-Oshkosh in Oshkosh, Wisconsin.
Utility service is separately metered for gas, water, and electric at each unit, supporting distinct resident billing arrangements. Recent mechanical improvements include three new water heaters and a new furnace, all installed in Spring 2026. The triplex is located near UW-Oshkosh in Oshkosh, Wisconsin.
Key Highlights
- Three‑unit triplex with 2,180 square feet, built in 1920
- All three units have been remodeled
- Three new water heaters installed in Spring 2026
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
$14,709
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
5.89%
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%
$294,180
$294.2K
Cap Rate 7%
$210,129
$210.1K
Cap Rate 9%
$163,433
$163.4K
Market Conditions
NOI Build-Up for 2,180 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%
$294,180
Cap Rate 7%
$210,129
Cap Rate 9%
$163,433
Alternative Uses
Best Use
Multifamily LT 5
$210.1K
$183.9K – $245.2K
NOI $14,709 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$189.4K
$165.7K – $221.0K
NOI $13,259 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$470.5K
$411.7K – $548.9K
NOI $32,936 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
105
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?
Triplex - Three renovated units include separately metered utilities and shared laundry.
Where is this triplex located?
The property is located at 840 JACKSON Street Oshkosh, WI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three‑unit triplex with 2,180 square feet, built in 1920; All three units have been remodeled; Three new water heaters installed in Spring 2026
