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    Two-Unit Duplex Income Property Title is generated by Realmo AI

    918 MERRITT Avenue, Oshkosh, WI 54901

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    For Sale
    $160,000

    MULTI_FAMILY - OSHKOSH, WI

    Property size:
    1,336 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $119/SF
    Added:
    Dec 23, 2025
    Days on Market:
    186
    Last Refresh:
    Jun 27 at 10:06 am

    Property Features for 918 MERRITT Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    2 Family/Duplex
    Standard status
    Active
    APN
    1102500000
    Size
    1,336 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2152

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1878
    Number of units
    2

    We can help!

    Contact an agent
    Alexia J. Tullberg

    Listing agent Alexia J. Tullberg License #94-96953

    Listing office LPT Realty 3984 E Endeavor Dr, Appleton, WI

    Listing date Dec 23, 2025

    MLS# 50319392 Listing URL

    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.

    HighLights

    • Income‑producing duplex with 2 units, both currently occupied and fully rented
    • Month‑to‑month leases with tenants; tenants pay all utilities
    • Public water and public sewer service
    • Forced‑air heating
    • Built in 1878
    • Home exterior: slate/asbestos

    Overview

    This income-producing duplex is configured as a two-unit property, with both units currently occupied. The month-to-month leases provide flexibility for both tenants and ownership, and tenants pay all utilities. The home exterior is noted as slate/asbestos.

    The property is located at 918 Merritt Avenue on Oshkosh’s north side in Winnebago County, Wisconsin. The listing is offered as a residential income property under a 2 Family/Duplex zoning designation, supporting its two-family structure.

    For buyers seeking a working duplex, the practical appeal is the existing occupancy with tenants on month-to-month terms and utility responsibility handled by the tenants. The 2 Family/Duplex zoning aligns directly with the property’s two-unit layout, making it straightforward for an owner-operator or investor looking to acquire a duplex for continued residential rental use.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $13.6k $10.20
    − Vacancy −$749 −$0.56
    EGI $12.9k $9.64
    − OpEx −$3.9k −$2.89
    NOI $9.0k $6.75
    1,336 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $128.8K
    $112.7K – $150.2K (±1% cap)
    NOI $9,014 @ 7.0% cap · market cap 5.63%
    Second Best
    Apartment 5plus
    $116.1K
    $101.6K – $135.4K (±1% cap)
    NOI $8,125 @ 7.0% cap · market cap 5.08%
    Theoretical Best
    Office A
    $288.4K
    $252.3K – $336.4K (±1% cap)
    NOI $20,185 @ 7.0% cap · market cap 12.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oshkosh
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.525437
    Latitude
    44.019843

    FAQs

    What type of property is this?
    Duplex - Duplex with two occupied units on month-to-month leases where tenants pay all utilities.
    Where is this duplex located?
    The property is located at 918 MERRITT Avenue Oshkosh, WI.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Income‑producing duplex with 2 units, both currently occupied and fully rented; Month‑to‑month leases with tenants; tenants pay all utilities; Public water and public sewer service
    More about this property
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