Upper/Lower Duplex with Remodeled
For Sale
$180,000
908 West 10th Avenue, Oshkosh, WI 54902
Well-maintained upper/lower duplex with a remodeled lower unit and one side currently rented.
Property Size1,472 SF
Price / SF$122.28
Days on Market178
Property Features for 908 West 10th Avenue
General Information
Standard status
Active
Size
1,472 SF
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
Residential
Taxes and HOA fees
Annual Taxes
$704
Amenities
Hot Water
2
Electric,Natural Gas
1
Full
Block
2 Story,2 Up and Down
Aluminum Siding
Not Applicable
Building Details
Year Built
1920
Buildings
1
Listing Agency:
LPT Realty
(920) 808-0867
Listed By:
Lexi J Tullberg · License #94-96953
(920) 808-0867
Source:
Compass
Added: Feb 15
Changed: Aug 8
Last Checked: Jul 22 at 7:43PM
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 LPT Realty
Investment Insights
Based on property information with market context.
This property is a well-maintained upper/lower duplex designed to provide flexibility for either an owner-occupant or an investor. The lower unit has been beautifully remodeled, with updates and a bright, inviting layout. The upper unit is currently rented, while the lower unit is vacant and ready for an occupant.
The duplex is located at 908 West 10th Avenue in Oshkosh, Wisconsin.
As configured, the building offers two separate residential units, with one tenant in place and the other unit available for immediate move-in or rent setting.
The duplex is located at 908 West 10th Avenue in Oshkosh, Wisconsin.
As configured, the building offers two separate residential units, with one tenant in place and the other unit available for immediate move-in or rent setting.
Key Highlights
- Upper/lower duplex built in 1920 with a full lower level and 2‑story layout
- Upper unit is currently rented for $825/month
- Lower unit is vacant and ready for an owner‑occupant or to set your own rent
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
$9,932
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
5.52%
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%
$198,640
$198.6K
Cap Rate 7%
$141,886
$141.9K
Cap Rate 9%
$110,356
$110.4K
Market Conditions
NOI Build-Up for 1,472 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
$15.0K $10.20/SF
− Vacancy
−$826 −$0.56/SF
EGI
$14.2K $9.64/SF
− OpEx
−$4.3K −$2.89/SF
NOI
$9.9K $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%
$198,640
Cap Rate 7%
$141,886
Cap Rate 9%
$110,356
Alternative Uses
Best Use
Multifamily LT 5
$141.9K
$124.2K – $165.5K
NOI $9,932 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$127.9K
$111.9K – $149.2K
NOI $8,953 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$317.7K
$278.0K – $370.7K
NOI $22,240 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
486
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 - Well-maintained upper/lower duplex with a remodeled lower unit and one side currently rented.
Where is this duplex located?
The property is located at 908 West 10th Avenue Oshkosh, WI.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Upper/lower duplex built in 1920 with a full lower level and 2‑story layout; Upper unit is currently rented for $825/month; Lower unit is vacant and ready for an owner‑occupant or to set your own rent
