Duplex With Two-Bedroom
New
For Sale
$179,900
843 W 9TH Avenue, Oshkosh, WI 54902
MULTI_FAMILY - OSHKOSH, WI
Property Size2,112 SF
Lot Size0.17 Acres
Price / SF$85.18
Days on Market5
Property Features for 843 W 9TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Parking
1
Elementary school district
Oshkosh Area
Middle school district
Oshkosh Area
High school district
Oshkosh Area
Directions
From I-41, take W 9th Ave east toward downtown Oshkosh. Continue on W 9th Ave to 843 W 9th Ave. The property will be on your right.
Standard status
Active
APN
13-0254-00-00
Size
2,112 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2592
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating), Forced Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1920
Number of units
2
Building materials
Aluminum Siding, Vinyl Siding
Listing Agency:
Keller Williams Fox Cities · Keller Williams Realty
(920) 903-9031
Listed By:
Hochi Yang · License #91937763
(920) 312-7391
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 10 at 12:06AM
MLS# 50330496
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,112-square-foot duplex, built in 1920, contains two residential units with matching layouts: two bedrooms and one full bath per unit. Each residence has a separate entrance and in-unit laundry. The property includes aluminum and vinyl siding, hot water and forced-air heating, and oil fuel. Public water and public sewer serve the building.
The lower unit is leased through 1/31/2027, while the upper unit is occupied on a month-to-month basis. The property is being sold As-Is. Seller updates have been completed over the years, and the 0.17-acre parcel is located in Oshkosh, Wisconsin, near schools, parks, and dining.
The lower unit is leased through 1/31/2027, while the upper unit is occupied on a month-to-month basis. The property is being sold As-Is. Seller updates have been completed over the years, and the 0.17-acre parcel is located in Oshkosh, Wisconsin, near schools, parks, and dining.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 2,112 square feet on a 0.17‑acre parcel
- Separate entrances and in‑unit laundry for both units
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
$14,250
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
7.92%
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%
$285,000
$285.0K
Cap Rate 7%
$203,571
$203.6K
Cap Rate 9%
$158,333
$158.3K
Market Conditions
NOI Build-Up for 2,112 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
$21.5K $10.20/SF
− Vacancy
−$1.2K −$0.56/SF
EGI
$20.4K $9.64/SF
− OpEx
−$6.1K −$2.89/SF
NOI
$14.3K $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%
$285,000
Cap Rate 7%
$203,571
Cap Rate 9%
$158,333
Alternative Uses
Best Use
Multifamily LT 5
$203.6K
$178.1K – $237.5K
NOI $14,250 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$183.5K
$160.6K – $214.1K
NOI $12,845 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$455.8K
$398.9K – $531.8K
NOI $31,909 @ 7.0% cap · market cap 17.74%
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
661
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 - Two residential units offer separate entrances, in-unit laundry, and a mix of leased and month-to-month occupancy.
Where is this duplex located?
The property is located at 843 W 9TH Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 2,112 square feet on a 0.17‑acre parcel; Separate entrances and in‑unit laundry for both units
